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Showing 81 - 90 of 5582 results for "ASIC"

ASX tech spend drives capex to $200m

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... integration platforms. Several reform initiatives are also driving up expenses. This includes investing in its response to the ASIC Inquiry, most notably the Accelerate program. The program involves a reset of new targets and benchmarking agreed to by ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... million in remediation to affected customers, including refunds of fees and interest and compensation for non-financial loss. ASIC deputy chair Sarah Court commented Westpac failed the very customers who needed help when they needed it most. "These were ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... Following the release of the Retirement Income Covenant pulse survey findings in November 2025, APRA said it is working with ASIC to provide individual feedback to trustees over the coming weeks. Work is also underway to design the data collection to ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... the appeal on the grounds the sentencing judge erred in finding that Forrest's false denials when initially interviewed by ASIC affected the assessment of the objective seriousness of his offending, rather than limiting this consideration to remorse ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... and permanent disability (TPD) products offered across the retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers they need to take "decisive action" to address the sustainability challenges facing TPD insurance ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
The Australian Securities and Investments Commission (ASIC) believes Australia is well placed to capitalise on accelerating financial innovation, as artificial intelligence (AI), digital finance and regulatory technology become increasingly embed across ...

Super fund-backed AFSL adviser numbers drop: Rainmaker

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... simpler financial needs, as funds continue to refine delivery models and enhance member engagement," it said. Total number of ASIC-registered financial advisers fell in the quarter to the lowest recorded number of advisers since June 2003 reaching 15,157. ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... comparability and informed decision-making by investors. While related party transactions are not inherently problematic, ASIC said, they can be a source of potential misconduct and have adverse outcomes for market efficiency and investor fairness. Boutique ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

Data, compliance key to successful technology-enabled advice

KARREN VERGARA  |  WEDNESDAY, 20 MAY 2026
... consultants do four checks on client advice per year is a huge risk to the industry." The end of the process culminates in an "ASIC-level, AFCA-level and a licensee-level audit" in pre-providing and post-providing advice to the client, capturing any ...