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Regulatory

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
The Fair Work Commission has today announced a 5.2% increase to the minimum wage which will come into effect from July.

Super industry levies insufficiently detailed: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 15 JUN 2022
In a submission to Treasury about the proposed financial institution's supervisory levies for 2022-2023, ASFA has called for a more detailed dissection of APRA's regulatory activities.

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
The former Commonwealth Bank subsidiary will pay a penalty of $1.71 million for failing to update defects in its disclosure documents related to charging fees to super members after they'd died.

ASIC helps issuers avoid greenwashing

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
ASIC is helping product issuers avoid being accused of greenwashing, outlining exactly how not to market their offerings.

Market manipulator pleads guilty

STAFF WRITER  |  FRIDAY, 10 JUN 2022
Benjamin Heath Cooper has pleaded guilty to conspiring to manipulate the share price of a resources company in 2015.

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
The corporate regulator obtained interim orders from the Federal Court to freeze the assets of Sasha Hopkins and two of his companies, alleging he was misleading clients and running a financial service business without a licence.

ASIC releases estimate cost recovery levies for 2021/22

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
ASIC has drafted its indicative levies for the 2021/22 financial year.

ASIC prosecutes market manipulator

CHLOE WALKER  |  TUESDAY, 7 JUN 2022
ASIC has successfully prosecuted a'pump and dump' operator on 23 charges of manipulating listed stocks on the ASX; the first conviction of its kind for the regulator.

Spaceship chair banned for two years

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
The chair of Spaceship Capital has been banned by ASIC for failing to understand all the financial services offered by the group.

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
ASIC has succeeded in its application to liquidate Ascent Investment and Coaching Pty Ltd after suspecting it was operating without a licence and falsified financial records.