ASIC annual report underscores transformation

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ASIC’s program of transformation continued in 2023–24, according to the agency’s latest annual report. ASIC Chair Joe Longo said the report highlighted a range of key regulatory and enforcement outcomes... Read more continue reading

New mandatory climate disclosure laws critical for investors to navigate the climate transition

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Global index provider Scientific Beta has welcomed new Australian laws which will force large organisations including financial institutions to adopt mandatory climate disclosures.  ASIC has urged businesses to prepare for... Read more continue reading

Appointments to the ASIC Executive Leadership team

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The Australian Securities and Investments Commission’s program of transformation work has continued with key appointments to its senior executive leadership team. Regulation and Supervision Following an international search, ASIC Chair... Read more continue reading

Appointments to the ASIC Executive Leadership team

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The Australian Securities and Investments Commission’s program of transformation work has continued with key appointments to its senior executive leadership team. Regulation and Supervision Following an international search, ASIC Chair... Read more continue reading

Investor alert: Reports of stolen shares due to identity theft on the rise

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ASIC is warning investors to be on high alert following a significant increase in reports of stolen shares since August 2024 from people who have had their personal identity compromised.... Read more continue reading

Division 296 Bill bad policy – especially taxing unrealised capital gains

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The fate of the controversial Division 296 Bill, which imposes an additional 15 per cent tax on the earnings of superannuation balances exceeding $3 million, is now with the Senate... Read more continue reading

ASIC’s enforcement priorities – practical adviser implications

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ASIC is fundamentally a consumer protection agency. The various functions it performs, including market oversight, surveillance, enforcement and education, ultimately all roll up to one core purpose – ensuring good... Read more continue reading

‘Greenruling’ – greenwashing risks on the rise

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The Australian regulator is taking an increasingly aggressive stance against greenwashing, having issued approximately $11.4 million in penalties within the funds management industry since 2022, and this amount is set... Read more continue reading

ASIC receives new powers under financial market infrastructure reforms

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ASIC welcomes the new Australian financial market infrastructure (FMI) laws, which introduce new powers essential to ensuring a stable and efficient Australian financial system. Financial market infrastructures (FMIs) are the... Read more continue reading

ASIC to target misconduct in banking and superannuation sectors

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ASIC has released its Enforcement and regulatory update (1 January to 30 June 2024), which sets out recent outcomes in enforcement and regulation. In the first half of the year, ASIC... Read more continue reading