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Showing 1 - 10 of 130 results for asic shield

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
ASIC was pulled up by the Senate Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... trustee entities. The other is Equity Trustees Superannuation Limited (ETSL), which is currently facing legal action from ASIC, accused of not doing enough to prevent superannuation members losing millions of dollars from the Shield Master Fund's ...

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... Equity Trustees said. "We welcome the reform of MISs and their REs that was the subject of Treasury's first consultation and ASIC's consultation in respect of the net tangible asset capital requirements for REs." Equity Trustees added that the platform ...

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

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

Mulino targets retail investor protections, high-risk MISs: SIAA

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... MIS structures that housed and put at risk about $1 billion of investor money. An additional $7.6 million was committed to ASIC, Treasury and the Auditing and Assurance Standards Board to strengthen governance requirements for MISs, with $1.4 million ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... forced through years of legal warfare while regulators, trustees and financial firms argue over liability," Kee said. "If ASIC itself has described this conduct as industrial-scale misconduct, then the question becomes how much more evidence is needed ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... pending the proposed sale of InterPrac to Conquest Investment Partners; however, the sale agreement was ditched May 1 following ASIC's concerns over the transaction. At the time, Sequoia said the two parties failed to satisfy all the conditions within ...

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... workers who earn a living from wages," he explained. In a bid to protect more investors, Treasury pledged $10.3 million to ASIC to better data use when supervising managed investment schemes. This comes as the government launched a review to focus on ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... $1.4 million per year ongoing) consulting publicly on new data collection powers in relation to managed investment schemes. ASIC will partially meet the cost of this measure through cost recovery. It comes as the government launched a review to focus ...

ASIC bans property wealth coach operating without licence

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
ASIC has permanently banned Queensland property developer Trent Simon Giumelli from providing financial services after he raised $48 million from members for real estate wealth coaching programs without a financial services licence. ASIC has accused ...
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