Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 491 - 500 of 5376 results for "2015-16 ASIC"

Latest adviser exam sees 69% pass

MATTHEW WAI  |  MONDAY, 8 SEP 2025
ASIC has handed down the results for the 30th Financial Adviser Exam, held in August, with the pass rate once again falling under the 70% mark. The previous exam cycle in June saw the lowest pass rate in recent times at 66%. Although slightly improved ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... who supported him by attending the recent trial and he remains committed to rebuilding so all clients can be made whole." ASIC said it "welcomes this decision" and that this is the "culmination of a matter that has taken many years and considerable resources." ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... investors. "Today's guilty verdicts mark the end of a sorry chapter that many of Marco's investors would rather forget," ASIC deputy chair Sarah Court said. "This result delivers justice to investors who Marco defrauded and speaks to ASIC's painstaking ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
ASIC is persevering in its crusade against Block Earner with the Federal Court granting a special leave to appeal an April decision that found that an AFSL was not necessary to offer a fixed-yield digital asset-related product. ASIC said its appeal ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... Financial Services and its principal Ferras Merhi, and Reilly Financial were authorised representatives of InterPrac. Last week, ASIC added allegations against Merhi, claiming he engaged in "unconscionable conduct". In releasing its 2025 financial report ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... (ETS) has carefully considered ASIC's Statement of Claim and is "determined that it intends to defend the allegations." ASIC alleges that ETS failed to exercise the same degree of care, skill and diligence as a prudent superannuation trustee would ...

ASIC, APRA outline regulatory reform opportunities

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... Lonsdale said. "We are engaging with Treasury and the Australian Securities and Investments Commission on this." In his letter, ASIC chair Joe Longo outlined a range of measures ASIC has already undertaken to streamline services and cut regulatory red ...

ASIC culls red tape, sets sights on more

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
ASIC has culled more than 9240 pages of regulation since the start of the year and is calling for more ideas for regulatory simplification. A new report, aptly named Regulatory Simplification, seeks input on a range of initiatives aimed at making regulation ...

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
In its submission to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR) Special Levy for 2025/26, the Financial Advice Association Australia (FAAA) said financial advisers should not be expected to pay more than the $20 million ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
ASIC has permanently banned former investment manager and director Brett Paul Trevillian for fabricating investment reports of his trading strategy 'The Gold Method'. Trevillian, who has been serving a three-year sentence by way of an intensive ...