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Regulatory

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
AFCA received a record number of complaints in 2025, with 111,373 complaints filed in the 12 months to December 31 - up 14% from 2024.

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
ASIC said the number of complaints surrounding governance issues has risen, with financial services companies making up a large proportion.

ASIC fines Fundhost for misleading fund performance

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
Fundhost has paid a $19,800 fine for making false or misleading representations about the performance of the Polen Capital Global Growth Fund.

ASIC reviews lead generators again, names advisers using them

JAMIE WILLIAMSON  |  WEDNESDAY, 18 FEB 2026
Two years on from a review into cold calling and lead generators, ASIC is launching another into the advice licensees that use them.

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
ASIC has cancelled the AFSL of Pulse Markets, a wholly owned subsidiary of BIR Financial, for providing incompetent financial services, including inadequate supervision of its corporate authorised representatives.

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing.

Division 296 bill tabled, suggested reforms fall on 'deaf ears'

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Although the tabling of the super tax bill was largely supported by the industry, the SMSF Association remains concerned about the likelihood of "unintended" consequences.

ASIC imposes licence conditions on Cambridge Mercantile

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
ASIC has imposed conditions on the licence of Cambridge Mercantile's local branch, following ongoing compliance failures.

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
ASIC has banned another former MWL Financial Services adviser in relation to the Shield Master Fund.

RBA veteran leads AOFM review

KARREN VERGARA  |  WEDNESDAY, 11 FEB 2026
A Reserve Bank of Australia (RBA) veteran has been appointed to lead an independent review into the Australian Office of Financial Management (AOFM).