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Regulatory

ASIC reveals findings from reporting and audit surveillance

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
The corporate regulator said it reviewed 254 company financial reports, conducted 22 surveillances and reviewed 10 audit files at eight audit firms.

Chris Marco sentenced to prison over $34m fraud

MATTHEW WAI  |  FRIDAY, 31 OCT 2025
Convicted Perth fraudster Chris Marco had his sentence handed down this week, after being found guilty following a five-week trial in September.

Treasury seeks feedback on foreign investment reforms

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
Treasury has released a discussion paper asking for feedback on legislative reforms to streamline and strengthen the foreign investment framework.

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
Equity Trustees will follow Netwealth's lead and make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole.

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
ASIC has confirmed that it will start categorising some digital assets as financial products under updated guidance, while providing plenty of time for those that need to fulfill new requirements.

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
ASIC has banned another former Crown Wealth Group staffer from working in the financial services industry for showing incompetence in addressing fees-for-no-service (FFNS) misconduct.

Tech concentration in super a major concern: APRA

ELIZA BAVIN  |  THURSDAY, 30 OCT 2025
APRA is reviewing trustees' material service providers as it develops a financial system-wide view of entities' reliance on third party providers and where concentration risks lie.

Housing Australia Future Fund under audit

ELIZA BAVIN  |  WEDNESDAY, 29 OCT 2025
The Housing Australia Future Fund, which has seen millions pledged by super funds, is being audited by the Australian National Audit Office.

James Mawhinney launches another appeal

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
Mayfair 101 managing director James Mawhinney is appealing the Federal Court's decision to bar him from dealing in financial products for 15 years.

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
The man responsible for auditing United Global Capital and its two managed funds has had his company auditor registration torn up after he was found to have 'continuously failed to undertake basic audit work' that could have saved millions in SMSF investors' ...