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Showing 491 - 500 of 5611 results for "ASIC"

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... experience, have them properly traced and documented and ensure that they are at the standard required." This is in light of ASIC handing down a scathing review on the state of superannuation trustees failing to monitor or report on their death benefit ...

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill in September 2024. Under new the legislation, ASIC is primarily responsible for the licensing regime, while the RBA will oversee the financial system stability and supervise ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
ASIC has provided AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
ASIC has accepted a court enforceable undertaking from DM Advisory Services principal David Makowa, the auditor of Brite Advisors. Makowa, a veteran of more than 20 years in practice - including stints at Ernst & Young and KPMG - has surrendered his ...

ASIC appoints ASX inquiry panel

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
ASIC has appointed three panel members to conduct its inquiry into the Australian Securities Exchange (ASX). The inquiry is in response to the ongoing concerns around the ASX's questionable ability to "maintain stable, secure and resilient" market ...

Betashares gearing up to expand Wealth Builder product suite

ANDREW MCKEAN  |  WEDNESDAY, 25 JUN 2025
... in April last year. The Betashares Wealth Builder Global Shares Geared (30-40% LVR) Complex ETF has been registered with ASIC and, if launched, would be the fourth fund in the Wealth Builder range, which the firm said comprised "Australia's first 'moderately ...

Super Fierce goes into liquidation

KARREN VERGARA  |  WEDNESDAY, 25 JUN 2025
... then provided a digital Statement of Advice and assistance in switching, if needed. As first reported by The Australian, an ASIC notice shows that a liquidator was appointed on June 16. Mohammad Mirzan Bin Mansoor was named as the liquidator. On its ...

Uncertainty propels investors towards active managers

MATTHEW WAI  |  WEDNESDAY, 25 JUN 2025
... possesses. Further, Australia also has a lower rate of understanding of private markets compared to its peers around the world. ASIC has previously addressed the issue through its discussion paper published in February, highlighting the dynamics between ...

Union redundancy funds in ASIC's sights

ELIZA BAVIN  |  WEDNESDAY, 25 JUN 2025
ASIC has released a consultation paper to seek feedback on whether the Corporations Act should apply to trade union redundancy funds. Consultation Paper 384, Employee redundancy funds, will seek feedback on whether ASIC should have the power to regulate ...

4600 relevant providers yet to meet qualification standards: ASIC

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
More than 4600 relevant providers have yet to meet qualification standards, according to ASIC, and have only six months to meet the deadline. An ASIC spot check of the 15,610 relevant providers listed in the Financial Advisers Register found that 6426 ...