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Showing 1 - 10 of 332 results for "AFCA"

ASIC bans 14th adviser from MWL

MATTHEW WAI  |  MONDAY, 19 OCT 2026
... pay Australian Financial Complaints Authority's determination in late 2025, the CSLR made a payment of $90,031.34 for the AFCA determination including interest, and as a result, ASIC cancelled the Australian credit licence of MWL. In making the cancellation ...

ASIC 'scrutinising' Sequoia's second InterPrac fire sale

KARREN VERGARA  |  WEDNESDAY, 14 OCT 2026
... Has ASIC approved the implications of this transaction, and who will ultimately be responsible for meeting the outstanding AFCA determinations? "Investors deserve reassurance that this sale has not further reduced their chances of recovering their retirement ...

Genetic testing ban takes effect for life insurance

VINNY VUCAGO  |  FRIDAY, 9 OCT 2026
... discrimination in life insurance under a new ban that took effect on October 8, with the Australian Financial Complaints Authority (AFCA) also updating its rules to handle complaints involving adverse genetic test results. The government's ban prohibits ...

AFCA raises concerns over advice sector in systemic issues report

RIDDHIMA TALWANI  |  TUESDAY, 6 OCT 2026
The Australian Financial Complaints Authority (AFCA) has released its bi-annual Systemic Issues Insights Report, which outlines systemic issues identified and markers of excellence observed for the second half of the 2025-2026 financial year. AFCA's ...

Sequoia plots potential restructure

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... creditors, including its liabilities in relation to complaints sitting with the Australian Financial Complaints Authority (AFCA) regarding the collapse of the Shield and First Guardian Master Funds. The loss from the managed investment schemes is totalling ...

Stay up to date with regulatory compliance at the FAAA Congress

MATTHEW WAI  |  THURSDAY, 17 SEP 2026
... remainder of the year, while shedding some light on the ongoing developments from the Australian Financial Complaints Authority (AFCA) and the Compensation Scheme as Last Resort (CSLR). This year's congress, themed 'EXPLORE,' reflects the ...

Australian Fiduciaries auditor suspended for three years

RIDDHIMA TALWANI  |  WEDNESDAY, 16 SEP 2026
... currently in liquidation, following its inability to pay the amount determined by the Australian Financial Complaints Authority (AFCA). "ASIC has consistently highlighted the importance of robust valuation practices, governance and audit quality, including ...

Regulatory reform omnibus bill passage trims CSLR levy disallowance period, payouts

KARREN VERGARA  |  TUESDAY, 15 SEP 2026
... People have already waited far too long. They've lost their retirement savings, spent months or even years going through AFCA, and then after finally getting a determination in their favour, they can still be left waiting for the CSLR to have the ...

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... out of the process and get people their compensation sooner, then it should. "My concern has always been the gaps between AFCA, the CSLR and the funding. Victims shouldn't get through one hurdle only to find another one waiting for them. We know ...

AFCA consults on rule changes under upcoming scam framework

MATTHEW WAI  |  TUESDAY, 1 SEP 2026
The Australian Financial Complaints Authority (AFCA) is seeking feedback on proposed changes to consider scam-related complaints under the Scam Prevention Framework (SPF) that will come into effect early next year. The government passed the Scams Prevention ...
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