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Showing 51 - 60 of 732 results for "Misconduct"

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... available on their choice platforms. "ASIC now has 12 cases underway against 20 defendants and is continuing to investigate misconduct relating to Shield and First Guardian to hold those involved to account." APRA has also accepted a court enforceable ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... Australians, already feeling squeezed by cost-of-living pressures, to help plug a hole in the CSLR due to financial misconduct from others in high-risk products," SMC said. In addition, the government is expecting to pull in additional revenue from major ...

ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
... arrangements" and "tailored conflict management" strategies in place. Conflicts of interest remain a significant source for misconduct, as well as consumer, investor and economic harm within the financial services sector, ASIC said. Under section 912A(1)(aa) ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... sector to help foot the multi-million-dollar CSLR bill. It said the CSLR was created to compensate victims of financial misconduct as a last resort after all other options to recover money had been exhausted, with a key design principle being that parts ...

ASIC issues $2.2m infringement notices

ANGELIQUE MINAS  |  THURSDAY, 11 DEC 2025
... entities with financial reporting obligations in 2026." "We are stepping up enforcement action against financial reporting misconduct and will continue to leverage a range of data sources to identify potential non-compliance, including notifications ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... Spice Capital from carrying on a financial services business without an AFSL. Oxlade has been on ASIC's radar for other misconduct. ASIC banned Oxlade from working as a director for four years in 2017, following the liquidation of two companies of which ...

Benchmark report reveals crucial blind spots in whistleblower protections

MATTHEW WAI  |  THURSDAY, 4 DEC 2025
... company. Commenting, ASIC commissioner Alan Kirkland said whistleblowers play a crucial role in identifying and exposing misconduct in relation to the company. "Without effective policies and programs to encourage whistleblowers to come forward, misconduct ...

Government cracks down on financial abuse via coerced directorships

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
... can retain profits, assets and other benefits of the company while leaving the victim-survivor liable for corporate misconduct the perpetrator engages in and certain debts they accrue," the consultation read. The government estimated that economic abuse ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... their financial health and make sure they meet their financial obligations under law," Court said. "Financial reporting misconduct is now an enforcement priority for ASIC and we will not hesitate to take action for reporting failures. "Today's decision ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... principle otherwise. The SMC pointed out that the scheme is intended to be funded by the sectors that see the most misconduct. It said that by spreading excess costs across "unrelated" sub-sectors, the government is embedding moral hazard, potentially ...