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Regulatory

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
Interprac Financial Planning will need to pay approximately $120,000 in compensation to a complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals.

Government consults on victim access to child sex abusers' super

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
After stagnating for several years, the government has released draft legislation to prevent convicted child sexual abusers from hiding their assets in superannuation to avoid compensating their victims.

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
Australian Unity Funds Management (AUFM) admitted it breached design and distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court.

Chartered accountants should be allowed to provide advice: CA ANZ

MATTHEW WAI  |  MONDAY, 2 FEB 2026
In its pre-budget submission, Chartered Accountants ANZ (CA ANZ) has urged the government to lift additional licensing requirements for chartered accountants to assist in providing retirement advice.

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
ASIC penalised 28 self-managed superannuation fund (SMSF) auditors in the first half of FY26, including the cancellation of 22 registrations.

ASX to spend $264m to modernise tech, uplift risk management

RIDDHIMA TALWANI  |  THURSDAY, 29 JAN 2026
The Australian Securities Exchange (ASX) has flagged a jump of 20% in its total expenses to $264.4 million in the first half of the financial year, after it agreed to implement a package of reforms to improve its operations last year.

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
BPS Financial was fined $14 million for the promotion and operation of its crypto Qoin Wallet, having engaged in unlicensed, deceptive and misleading conduct.

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
The brother of Australian breakdancing Olympian 'Raygun' has pleaded guilty to dealing with the proceeds of a crime.

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
ASIC has said operational failures by superannuation fund trustees as well as the rise of artificial intelligence (AI) will drive the local regulatory space in 2026.

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
A former United Global Capital financial adviser has had his banning order shrunk by half after a successful appeal to the Administrative Review Tribunal.