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Regulatory

APRA voices concern over super in-house investment

JAMES FERNYHOUGH  |  THURSDAY, 14 NOV 2013
The Australian Prudential Regulation Authority (APRA) has expressed concern over the tendency for superannuation funds to bring investment management operations in house.

ASIC's whistleblowing demands too extreme: ACSA

JAMES FERNYHOUGH  |  TUESDAY, 12 NOV 2013
Whistleblowing requirements for custodians proposed by the Australian Securities and Investments Commission (ASIC) are too stringent, according to David Braga, the new chair of the Australian Custodian Services Association (ACSA).

ASIC funding in spotlight after annual report release

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
The release of the Australian Securities and Investments Commission (ASIC) annual report has placed the regulator's funding system in the spotlight, with industry stakeholders calling for a self-funded model.

ASIC concedes Trio ringleader investigation

MARK SMITH  |  WEDNESDAY, 30 OCT 2013
The Australian Securities and Investments Commission (ASIC) has been forced to concede defeat in its pursuit of the alleged ringleader of the Trio/Asterra collapse.

We're watching you, APRA warns trustees

JAMES FERNYHOUGH  |  THURSDAY, 24 OCT 2013
The Australian Prudential Regulation Authority (APRA) has warned superannuation fund trustees it will not tolerate inertia or complacency, in a clamp down that is sparking fears that the role of trustee is becoming a full-time job.

ASIC warns consumers about NRAS property ads

MARK SMITH  |  TUESDAY, 22 OCT 2013
The Australian Securities and Investments Commission (ASIC) has warned consumers about advertising that promotes the use of self-managed superannuation funds (SMSFs) to invest in residential properties through the National Rental Affordability Scheme ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
A former director of Trio Capital, Kurt Groeneveld has provided the prudential regulator with an enforceable undertaking excluding him from acting as a superannuation trustee for three and a half years.

Don't deal with Aussie Rob, ASIC warns

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
The Australian Securities and Investments Commission (ASIC) has banned Aussie Rob Financial Services and Lifestyle Trader director Robert Lloyd Wilson from providing financial services, and warned the public "not to deal with the failed businessman".

Hockey Review to push for industry deregulation

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
The Government's Financial System Inquiry will undertake "a general health check" on the industry aimed at removing regulation, Treasurer Joe Hockey said.

Finance broker gets 6 month ban

STAFF WRITERS  |  WEDNESDAY, 16 OCT 2013
ASIC has banned finance broker Alexander Dryden of West Croydon, South Australia, from engaging in credit activities and suspended his Australian credit licence for six months.