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Regulatory

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
Global Investment Marketing (GIM) director Darren Geddes has been barred from leaving the country for the next six months as ASIC alleges he misappropriated money via a sham bond investment scheme.

Shield collapse brings wholesale governance to the forefront

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
The failures of Shield Master Fund and First Guardian Master Fund has pushed governance to the forefront - particularly among wholesale investors, according to Magellan Financial Group.

ASIC report a 'solid point of reference' for private credit guardrails

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
Stakeholders have welcomed the findings of ASIC's interim report on Australia's private credit sector, saying it serves as a timely call for greater transparency.

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
The Queensland-based director has been disqualified from managing corporations for five years and permanently banned from engaging in financial services without an AFSL.

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
The current state of Australia's private credit sector could pose a systemic risk to small and self-managed super funds, as well as sophisticated investors, a review by ASIC suggests.

ASIC issues interim stop orders to RELI Capital

RIDDHIMA TALWANI  |  FRIDAY, 19 SEP 2025
ASIC has issued an interim stop order against the RELI Capital Mortgage Fund, a registered managed investment scheme operated by RELI Capital.

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
The stop orders apply to the 12 Month Term Account and 2 Year Account under the Australian Credit Fund and the US Private Credit Fund.

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
ASIC deputy commissioner Sarah Court says the regulator has around 140 financial advisers on its list of those involved in dodgy investment schemes, including Shield and First Guardian.

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
While the Institute of Public Accountants (IPA) supports sensible reforms to make superannuation "more equitable", it - like many industry bodies - believes the taxing of unrealised capital gains and the lack of indexation can pose compliance challenges ...

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
In addition to "worsening" cybersecurity risks, geopolitical volatility and artificial intelligence (AI) are creating "unacceptable prudential risks" for APRA.