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Showing 611 - 620 of 5210 results for "2015-16 ASIC"

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... importance of accurate product and marketing information in helping consumers to make informed investment decisions." Meantime, ASIC deputy chair Sarah Court said it is essential that companies do not misrepresent their products or investment strategies. ...

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC has extended the reportable situations relief and personal advice record keeping requirement instruments for another five years. The regulator has established ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2024/620 ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC imposed a record $5 million fine on Macquarie Bank for its failure to curb suspicious order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... range of reasonable decisions, and one cannot infer any misapplication of principle from that outcome," Justice Jackman said. ASIC deputy chair Sarah Court said the outcome should act as a reminder to directors of Responsible Entities that operate managed ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
The Australian Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... extreme dearth of talent making it difficult for fund managers and super funds to meet ASIC's expectations. Earlier this month, ASIC released the findings of its review of product issuers' compliance with the design and distribution obligations (DDO) ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... a financial services business in Australia. The newest version replaces the last guidance which was issued in June 2013. ASIC said RG 121 has been reissued to remove references to expired or repealed AFS licensing relief, including class relief granted ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... leave Australia. The companies in question are ALAMMC Developments, SDAMF, Harvey Madison Capital, and Coral Coast Mutual. ASIC began investigating McWilliams and the associated companies earlier this year after receiving information from the Queensland ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...