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Showing 711 - 720 of 5609 results for "ASIC"

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... between a rock and a hard place, with an 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 ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
The Australian Securities and Investments Commission (ASIC) has reissued RG 121 to provide updated guidance to individuals and companies from outside Australia that wish to conduct a financial services business in Australia. The newest version replaces ...

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 ...

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 sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... and raised no objections until 2018. It dismissed ASIC's claims and ordered it to pay 80% of Rest's legal costs. ASIC has 28 days to appeal the judgment but hasn't indicated that it will, only that it will consider the judgement carefully. ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... debacle, such as how the money was lost, what role directors and senior management played, what role product played, and why ASIC failed to adequately investigate and take action in a timely way, despite numerous complaints from as early as 2008," she ...

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
... contravening s192e(1)(b) Crimes Act 1900 (NSW) (Crimes Act), with a further four offences to be considered on sentencing, ASIC said. The offences took place between October 2015 and May 2020, where McCabe obtained $940,350 from eight victims, seven of ...

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
ASIC is updating the default rate of nominal wage inflation in its relief instrument, which will affect those who provide superannuation forecasts. The default rate of nominal wage inflation will decrease from 4% p.a. to 3.7% p.a. in ASIC (Superannuation ...

FAAA ramps up Dixon inquiry campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
... including how the money was lost in the Dixon Advisory scheme, what role directors and senior management played, and why ASIC failed to adequately investigate and take action in a timely way, despite numerous complaints from as early as 2008," she reinforced. ...

ASX chair to retire, successor named

MATTHEW WAI  |  WEDNESDAY, 11 SEP 2024
... 2023 AGM, however has been under immense pressure in recent years particularly in relation to the CHESS replacement project. ASIC has initiated legal action against the stock exchange, alleging it made misleading statements related to the program.