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Regulatory

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
The corporate regulator identified several ongoing investment scams including duping consumers into establishing self-managed super funds, and advertisements for crypto-asset and contracts for difference disguised as fake news articles.

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Among several other initiatives aimed at boosting women's economic security, the government has confirmed it will not proceed with plans to extend the early release of superannuation to family and domestic violence survivors.

Key Treasury initiatives outlined

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Buried deep within budget documents are several steps the government will take to further boost our financial system, including greater powers for regulators and $11.2 million to enhance super fund member outcomes.

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
Ahead of the federal budget tonight, there is already some good news for the superannuation sector and small businesses.

ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
A self-styled investment guru and social media wealth expert has had her Australian credit licence cancelled by ASIC.

Government launches digital economy strategy

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
The government has announced a $1.2 billion investment to support the digital transformation of the economy and measures to encourage business investment in technology, ahead of the federal budget.

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
ASIC has confirmed it will not be recommending changing the label of 'general advice', after independent research commissioned by the regulator found such a move is unlikely to prevent consumer confusion.

Westpac to face court over insider trading

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
ASIC has commenced civil proceedings against Westpac for insider trading on a $12 billion deal with AustralianSuper and a group of IFM entities.

Managed funds coped with COVID-19: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
An ASIC review of retail managed funds found that they effectively coped with the challenges presented by COVID-19.

Former Australian Unity adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 29 APR 2021
A former authorised representative of Australian Unity Personal Financial Services was handed a five-year ban for telling clients MySuper options are more expensive and to opt out of the products.