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Showing 1 - 10 of 342 results for "Investigations"

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI | FRIDAY, 5 JUN 2026

... other matter. We've stood up around 50-60 people who are working almost around the clock on these issues, and investigations of this nature that involve the dispersion of funds and monies both internationally and to various places domestically, they ...

ASIC cannot afford to stand still: Longo

VINNY VUCAGO | MONDAY, 1 JUN 2026

... sharp increase in enforcement activity and penalties. Longo said ASIC had more than doubled the number of formal investigations undertaken annually and quadrupled the value of penalties secured since 2020. The regulator has already obtained approximately ...

KPMG chief resigns after firm admits whistleblower probe fell short

RIDDHIMA TALWANI | MONDAY, 1 JUN 2026

... board identified that KPMG Australia fell short in managing the whistleblower and their concerns, the rigour of the investigations and action by leadership regarding the allegations raised. KPMG chair Martin Sheppard said: "We acknowledge we have work ...

Future Fund chief says staff departure not at 'worrying level'

RIDDHIMA TALWANI | FRIDAY, 29 MAY 2026

... ensure expenses and staffing levels remain appropriate for the years ahead. There are multiple internal workplace investigations currently ongoing at the Future Fund costing it a total of $300,000 on external contracts to probe the matters. While deferring ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN | MONDAY, 25 MAY 2026

... priorities, ASIC established a dedicated insider trading team in late September 2024 to swiftly progress insider trading investigations and increase the number of criminal briefs referred to the CDPP.

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN | THURSDAY, 21 MAY 2026

... against Equity Trustees and the fifth against a super trustee as part of our First Guardian and Shield Master Fund investigations, Court said. "ASIC has now commenced proceedings against every super trustee that made available Shield or First Guardian. ...

FSC ups expectations on platform trustees' governance

JAMIE WILLIAMSON | THURSDAY, 16 APR 2026

... while also collecting evidence from the adviser and their licensee. It must also switch off advice fees while these investigations are ongoing. Finally, where a member is unadvised, trustees must put in place protective measures such as communicating ...

Super funds must protect members, says Kirkland

MATTHEW WAI | FRIDAY, 27 MAR 2026

... obligations, and to follow them consistently." He also addressed that ASIC has assigned close to 50 staff working on 26 investigations revolving around Shield and First Guardian. These include 12 ongoing cases against 21 defendants. It comes as Macquarie ...

AFCA receives record complaints in 2025

MATTHEW WAI | THURSDAY, 26 FEB 2026

... AFCA throughout 2026. We have now issued 44 decisions, including five lead decisions, and have 500 simultaneous investigations underway, and we remain firmly committed to progressing these matters as quickly as we can," chief ombudsman and chief executive ...

Governance issues on the rise: ASIC

ELIZA BAVIN | WEDNESDAY, 25 FEB 2026

... governance isn't just good practice, it's good for business and for the country. ASIC said it has several active investigations into governance failures and directors' duties. "Reports of misconduct continue to be an important source of intelligence ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

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 | 12:34PM

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 | 12:17PM

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 | 12:29PM

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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