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Regulatory

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
The Australian government has released draft legislation aimed at promoting competition in the clearing and settlement services market.

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Superannuation funds need to improve the life insurance they provide members, with ASIC finding trustees have not made sufficient effort to do so since it began targeted work in the area in 2019.

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
ASIC has charged a former Reiwa-Capital director Russell Sandiford with dishonest conduct related to a financial product or service.

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
Recent developments in Australia have brought some positive changes for advancing women's rights and gender equality.

ASIC consults on sunsetting class orders

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
ASIC is consulting on the potential remaking of class orders related to managed investment schemes and corporate directors of corporate collective investment vehicles.

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
Assistant treasurer Stephen Jones flagged he will prioritise the passage of the Compensation Scheme of Last Resort (CSLR) laws in a bid to strengthen consumer protections.

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures and bonds issued by public companies, a first for an Australian corporate trustee.

Former director charged with fraud

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
The ex-director of Guevara Capital Access and Online Trading Capital has been charged with eight counts of dishonestly obtaining a financial advantage by deception.

BT's Advance AM hit with stop orders

JAMIE WILLIAMSON  |  FRIDAY, 17 MAR 2023
BT Financial Group has been forced to suspend distribution of three of its Advance Asset Management funds for having non-compliant, "broadly drafted" target market determinations (TMDs).

ASIC bans Queensland adviser

ANDREW MCKEAN  |  WEDNESDAY, 15 MAR 2023
ASIC has banned Queensland-based adviser Douglas Allen from providing financial services for three years.