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Showing 1 - 10 of 6194 results for "Statement"

ASIC wins court order to wind up Capital Guard

RIDDHIMA TALWANI  |  WEDNESDAY, 29 JUL 2026
ASIC has successfully sought Supreme Court orders to wind up Capital Guard and appoint independent liquidators to take control of the company. Capital Guard promoted itself as a regulated financial services provider that specialised in acquiring and ...

ASIC ramps up action against SMSF auditors

VINNY VUCAGO  |  MONDAY, 27 JUL 2026
ASIC has stepped up enforcement against self-managed superannuation fund (SMSF) auditors, acting against 64 practitioners during the 2025-26 financial year amid concerns over compliance and professional standards across the sector. The corporate regulator ...

Special Feature: Beyond Safekeeping

BRENDAN SWIFT  |  MONDAY, 27 JUL 2026
... Morgan Australia and New Zealand, says the custodian is using AI to check the opening and closing balances on a financial statement. "That's allowed that process to be a lot faster and so we can get our valuations out to clients quicker because we're ...

Centuria quashes governance allegations amid fund downgrades

MATTHEW WAI  |  FRIDAY, 24 JUL 2026
... confirmed on numerous occasions that it was comfortable retaining the loans through to project completion," Bathla's statement read. "We remain in ongoing discussions with Alceon regarding potential future lending and share the view expressed publicly ...

FSCP bans adviser over client advice failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... September 2027. The FSCP found Morrison-Dowd breached the best interest's duty, the appropriate advice obligation and statement of advice (SOA) requirements when advising three clients. It also found he failed to provide an SOA to two clients. According ...

Prime Value licence suspended over reporting failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
ASIC has suspended the Australian financial services licence (AFSL) of Prime Value Asset Management after the fund manager failure to meet its statutory audit and financial reporting obligations for two consecutive financial years. The corporate regulator ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
ASIC has cancelled the Australian financial services licence (AFSL) of Queensland-based Australian Fiduciaries, which is currently in liquidation. This follows Australian Fiduciaries' inability to pay the amount determined by the Australian Financial ...

Treasury expects regulators to do the heavy lifting

MATTHEW WAI  |  FRIDAY, 17 JUL 2026
Treasury has released new Statements of Expectations (SoE) for the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), with an emphasis on how the regulators should promote a more sustainable ...

FAAA warns adviser levies could exceed $5k as ASIC costs climb

VINNY VUCAGO  |  FRIDAY, 17 JUL 2026
... reform of both funding arrangements. The comments follow ASIC's release of its 2025-25 Cost Recovery Implementation Statement, which lifted the regulator's estimated recoverable costs to $400.5 million as it expands supervision and enforcement activity. ...

Another MWL adviser banned over Shield collapse

RIDDHIMA TALWANI  |  THURSDAY, 16 JUL 2026
ASIC has banned another MWL Financial adviser Nicole Niu from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business for ...
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