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Showing 601 - 610 of 5609 results for "ASIC"

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... transparent on its fees and services relating to clearing and settlements (CS) will kick in three months from now. Under the ASIC CS Services Rules 2025, the ASX will need to prove that the pricing of its services is transparent, fair and reasonable ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... in the way the law required for the period between 13 March 2019 and 11 May 2023. Some 42,551 beneficiaries were affected. ASIC instigated action in October 2024, alleging that the $360 billion super fund's misdeeds stretched back to 10 years. AustralianSuper ...

Platinum staffers join Merlon Capital

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... Financial Services and non-executive director at Commonwealth Bank. He was also a member of the external advisory panel at ASIC for five years. Soller was a former chief financial officer of ASX-listed firms, including Lendlease and Metcash, while Binns ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... excessive". The appeal was ultimately rejected by the Court of Appeal (Victoria) yesterday. Grimm was initially banned by ASIC from providing financial services for 20 years in 2016, tied to his role as a director at the wound up business Ostrava Equities ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services ...

ASX reports 'record' revenue for 1H25, lags in listings

MATTHEW WAI  |  THURSDAY, 13 FEB 2025
... $1 million credit to participants affected. In light of the debacle, the Australian Securities and Investments Commission (ASIC) has announced an investigation into the issue. Lofthouse said replacing of its CHESS system is a "high priority" and will ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught up in ASIC investigations and legal action for stalling on death benefit payouts. The industry fund, which has over two million members ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
The Australian Securities and Investments Commission (ASIC) said reviews are underway into why consumers are advised to establish an SMSF. Plans for the review were first announced in ASIC's Corporate Plan 2024-25 and the regulator has now confirmed ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... between August 2011 and 10 February 2025. Prior to that, he was an adviser at APS Melb and Professional Investment Services. ASIC has flagged that it will crack down on bad SMSF advice, particularly where it relates to their set up. "We're also reviewing ...