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Showing 1 - 10 of 160 results for "ASIC for"

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... their members," she said. "Where trustees have concerns about potential misconduct, they should immediately report it to ASIC for further investigation." Treasury recently put out a consultation to make platforms more accountable for the products they ...

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial. Justices Derrington, Halley, and McEvoy were hearing ASIC's appeal against a previous ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... (FIMS) entered into the heads of agreement with ASIC to pay the $7.3 million pecuniary penalty. It will also reimburse ASIC for its legal costs of about $650,000. The product disclosure statement of DSAF was found to have "contained ESG Statements and ...

Severe underperformance sees Polen Capital funds wound up

JAMIE WILLIAMSON  |  TUESDAY, 24 MAR 2026
... for investors," Montgomery Investment Management said. The decision to terminate also comes after Fundhost was fined by ASIC for making misleading representations about the Global Growth Fund. In February this year, Fundhost paid $19,800 because between ...

Interprac sues AFCA over Shield determination

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2026
... AFCA's rules and processes where a matter involves multiple entities. Interprac itself is currently being sued by ASIC for its involvement in the Shield collapse, namely its failure to ensure clients' best interests were looked after. The action ...

ASIC fines Fundhost for misleading fund performance

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
Fundhost has paid $19,800 to comply with an infringement notice issued by ASIC for making false or misleading representations about the performance of the Polen Capital Global Growth Fund. Fundhost is the responsible entity of the Polen Capital Global ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
... of 'qoin.com' website also publish this notice. Also, BPS Financial was ordered to pay most of the costs incurred by ASIC for the proceeding. ASIC warned consumers need to be cautious about claims made in connection with crypto-assets and crypto-related ...

Insignia sees $1.5bn inflows, updates on CC Capital takeover

ANGELIQUE MINAS  |  THURSDAY, 22 JAN 2026
... added that work on the scheme booklet, including the independent experts report, is well-advanced and will be shared with ASIC for review in due course. Insignia entered into a Scheme Implementation Deed in August last year to be acquired by New York-based ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... firm on defending itself against culpability for the Shield Master Fund collapse and ensuing investor losses, blaming ASIC for not doing its job, as well as third-party providers for their failures. Releasing its Summary of Defence document last week ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
... AusPrac Super and YourChoice Super, as sub-plans of OneSuper, are overseen by Diversa Trustees, which is being sued by ASIC for its involvement in the First Guardian and Shield collapses and, more recently, was hit with additional licence conditions ...
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