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Search ResultsShowing 1 - 10 of 100+ results for "ASIC"
Dollarmites faces more backlash
ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... blow as Victorian schools have banned such programs in favour of financial lessons. Dollarmites came under fire in 2018 when ASIC began a review into school banking programs . In its preliminary findings, the regulator said there is "limited evidence" ...
CBA in court for overcharging interest
ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
ASIC has commenced proceedings against the Commonwealth Bank (CBA) for overcharged interest to thousands of customers, as revealed during the Royal Commission. In the Federal Court, ASIC will allege that CBA charged a rate of interest on business overdraft ...
Government backs disciplinary body in principle
KARREN VERGARA  |  MONDAY, 30 NOV 2020
... said it supports Recommendation 7.1, which calls for a new model to regulate tax (financial) advisers in consultation with ASIC, FASEA, the TPB and Treasury, Assistant Treasurer Michael Sukkar said. Recommendation 7.1 also suggests there should be a ...
ASIC cancels two AFSLs
ELIZA BAVIN  |  MONDAY, 30 NOV 2020
ASIC has cancelled the AFSLs of two financial services providers, one from Victoria and the other from Western Australia. Victorian financial services provider Jels Financial Group has had its license cancelled by the regulator for failing to demonstrate ...
ASIC takes action against missing woman
ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
ASIC has taken action against Maliver and its sole director, Melissa Caddick - who has been missing in unclear circumstances for over a week - over concerns investor funds were misappropriated. The Federal Court has made interim orders against Maliver ...
ASIC prepares industry for claims handling law
KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims. ASIC's information sheet and consultation paper C12 Proof: Claims Handling and Settling Service Statement builds on the Financial ...
SMSF fraudster sentenced
ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... charged with fraud relating to obtaining funds from self-managed superannuation fund (SMSF) investors during 2013 and 2014. ASIC alleged Gore obtained funds from SMSF investors through his role at Arion Financial where investors were told they could ...
FASEA reveals October exam results
KARREN VERGARA  |  THURSDAY, 26 NOV 2020
The majority of financial advisers who sat the most recent exam passed, according to the Financial Adviser Standards and Ethics Authority. FASEA has released the most recent exam statistics, which show 76% of advisers passed the October sitting. There ...
Exemptions to AFSLs explained by ASIC
ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee ...
End of the road for advice qualifications
JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... advice units of competency in financial planning, margin lending and superannuation. According to Rainmaker analysis of the ASIC Financial Adviser Register, about 9894 current financial advisers hold a Diploma of Financial Planning, be it a current or ...
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