ASIC uncovers widespread compliance plan deficiencies in the managed investment industry

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The responsible entities (REs) of a combined total of nearly $1 trillion in managed investments are failing to maintain adequate compliance plans, an ASIC review has found. ASIC assessed 50

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Trusting trustees with our $4 trillion in superannuation

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ASIC Commissioner Simone Constant delivered a keynote address at the Consumer Rights Forum on 27 May. Here are the highlights of Simone’s speech: Superannuation is one of Australia’s greatest success

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ASIC announces financial reporting and audit focus areas for FY 2025-26

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ASIC has published its financial reporting and audit focus areas for the 2025-26 financial year and highlighted the progress of its ongoing financial reporting and audit surveillance programs. ‘These surveillance

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ASIC consults on plan to increase visibility of firms’ breach and complaints data

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As part of its commitment to enhance transparency and accountability, ASIC is consulting on plans to publish two dashboards containing firm-level Reportable Situations (RS) and Internal Dispute Resolution (IDR) data

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ASIC issues sustainability reporting regulatory guide

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ASIC has published a regulatory guide on sustainability reporting following an extensive public consultation with stakeholders. Regulatory Guide 280 Sustainability reporting (RG 280) provides guidance for entities that are required to prepare

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Active Super ordered to pay $10.5 million penalty in ASIC’s third greenwashing court action

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The Federal Court has imposed a penalty of $10.5 million against Active Super for greenwashing misconduct. In June 2024, the Federal Court found that Active Super contravened the law when

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ASIC shuts down 130 investment scam websites per week

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5Online scammers are squarely in ASIC’s cross hairs with new data revealing more than 10,000 investment scam websites and online advertisements have been shut down by the agency[1]. ASIC’s latest Enforcement

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Advancing Australia’s regulatory roadmap for public and private capital markets

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ASIC has announced its preliminary views on the opportunities and risks emerging from shifts in public and private capital markets and called for feedback and debate on key questions as

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ASIC calls out superannuation trustees for weak scam and fraud practices

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ASIC has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing members to harm. The open letter, signed by ASIC Commissioner Simone Constant, outlines our guidance

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ASIC appoints Scott Gregson as CEO

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ASIC has appointed Scott Gregson as Chief Executive Officer. Mr Gregson will join ASIC on 17 March 2025 following a nearly 30 year career with the ACCC and takes over

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