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Showing 81 - 90 of 123 results for "ASIC Act"

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
... contravened s.12CA, s.12CB and the former s.12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act), s.912A(1), s.1041A of the Corporations Act 2001 (Cth) (Corporations Act)." In addition, ASIC will seek "pecuniary penalties" ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
... consumers were given appropriate advice. ACE admitted that there had been contraventions of the Corporations Act and ASIC Act, including a requirement to take reasonable steps to ensure representatives complied with the best interests laws under the ...

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
The Australian Securities and Investments Commission (ASIC) is facing a class action for its alleged delay in taking action against Storm Financial and for allegedly acting to protect the interests of major banks, particularly the Commonwealth Bank ...

ASIC acts on 440 SMSF auditors

LAURA MILLAN  |  THURSDAY, 18 DEC 2014
Self-managed super fund (SMSF) auditors who did not undertake or pass a competency exam necessary to retain their registration have seen their registration cancelled by the Australian Securities and Investments Commission (ASIC). ASIC has also disqualified ...

Licensee under ASIC scrutiny after employing AAA advisers

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
An Adelaide-based licensee has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after it employed a number of former representatives of AAA Intelligence limited. PGW Financial Services has ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... changes and improvements, including its website, governance and internal structure. The report recommended a review of the ASIC Act 2001 in two years to consider changes in the regulator's governance arrangements and suggested the establishment of a ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... using price signals to encourage self-regulation and co-regulation." The 273-page document also suggests amending the ASIC Act 2001 to include a competition objective. It proposes measures to encourage product providers to increase the choice of superannuation ...

ASIC dictates seven-year ban for rogue CBA adviser

LAURA MILLAN  |  MONDAY, 7 APR 2014
The Australian Securities and Investments Commission (ASIC) has banned Commonwealth Financial Planning adviser Jade Zaicew for seven years. Zaicew's banning follows ASIC actions against former CBA advisers Don Nguyen, Ricky Gillespie, Simon Langton ...

AFA focuses FSI submission on FoFA "misinformation campaign"

LAURA MILLAN  |  MONDAY, 7 APR 2014
... only be described as a significant impact upon consumer confidence in financial advice." The organisation noted that the ASIC Act includes the regulator's responsibility to "promote the confident and informed participation of investors and consumers ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... for the sign-off of advertisements. The payment of an infringement notice is not an admission of a contravention of the ASIC Act 2001 consumer protection provisions. ASIC can issue an infringement notice where it has reasonable grounds to believe a person ...