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Showing 1 - 10 of 111 results for "AFS licensees"

ASIC reviews AFSLs over finfluencer concerns

ELIZA BAVIN | FRIDAY, 24 APR 2026

... engaging finfluencers. Under the arrangements, unlicensed finfluencers may operate as authorised representatives of AFS licensees, however responsibility for supervising finfluencer conduct and the liability for any breaches remains with the licensee. ...

ASIC considers changes to net asset requirements

ELIZA BAVIN | WEDNESDAY, 18 MAR 2026

... "However, we are also taking this opportunity to seek feedback on the appropriateness of the NTA settings for other AFS licensees to inform any future ASIC work." ASIC said it is considering three possible options for increasing the NTA requirement for ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI | TUESDAY, 25 NOV 2025

... financial services licence (AFSL) holders that it is sternly cracking down on reporting failures. "It is important that AFS licensees lodge timely reports with ASIC so that ASIC can monitor their financial health and make sure they meet their financial ...

ASIC cracks down on adviser CPD failures

ELIZA BAVIN | FRIDAY, 7 NOV 2025

... are adequately trained (including by complying with the CPD requirement, for financial advisers)." ASIC added that AFS licensees must notify ASIC at the end of their CPD year if their financial advisers have not complied with the CPD requirement during ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON | THURSDAY, 17 JUL 2025

... unregistered advisers," ASIC said. "The registration requirement is an important consumer protection mechanism to ensure AFS licensees have considered and received declarations about whether their financial advisers are fit and proper and meet the education ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA | MONDAY, 30 JUN 2025

... compliance with the regime, and deficiencies in incident management. Under Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees, a reportable situation includes significant breaches or likely significant breaches of core obligations ...

4600 relevant providers yet to meet qualification standards: ASIC

KARREN VERGARA | TUESDAY, 24 JUN 2025

... "It's possible that some of these relevant providers may be eligible for the experienced provider pathway, but their AFS licensees are yet to advise us of that. "It is crucial for ASIC to be provided with accurate information in the lead up to the January ...

ASIC calls on AFS licensees to 'step up'

ELIZA BAVIN | TUESDAY, 24 JUN 2025

... onboarding and verification practices, in addition to their share sale fraud detection practices. ASIC added that AFS licensees that deal in securities have a critical role in preventing and detecting share sale fraud, both individually and collectively. ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN | FRIDAY, 23 MAY 2025

... were complying with the law when interacting with consumers were inadequate. ASIC deputy chair Sarah Court said AFS licensees are responsible for the conduct of their representatives and must have adequate supervision arrangements in place. "As a result ...

Licensees slash compliance spending: Survey

KARREN VERGARA | WEDNESDAY, 7 MAY 2025

... Nethercote shows, but a slew of reforms slated within the next 18 months could catch them off guard. Out of the 179 AFS Licensees and 29 credit licensees surveyed, 40% spent less than $100,000 on internal compliance staff compared to 29% in 2024. More ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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