ASIC warns consumers about paying high fees for credit repair and debt advice services

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ASIC is warning consumers about companies that claim they can fix a poor credit rating. ASIC is running a month-long campaign, with other Commonwealth, state and territory agencies, to help... Read more continue reading

ASIC temporarily extends relief for managed investment and superannuation schemes for certain disclosure obligations

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ASIC has extended two ASIC instruments to allow additional time to consider the policy position in relation to certain disclosure obligations of managed investment schemes and superannuation trustees. The relevant... Read more continue reading

ASIC consults on foreign financial services providers relief proposals

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ASIC has released a consultation paper proposing a modified licensing regime for foreign financial service providers carrying on a financial services business in Australia with wholesale clients. These foreign providers... Read more continue reading

Major changes affecting reported net assets and profit, and other focuses for 30 June 2018 reporting

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Announcing its focus areas for 30 June 2018 financial reports of listed entities and other entities of public interest with many stakeholders, ASIC has called on companies to focus on... Read more continue reading

ASIC gives disclosure relief during transition to AFCA

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ASIC has announced it will give financial firms, including superannuation trustees, transitional relief until 1 July 2019 to allow them time to update mandatory disclosure documents and periodic statements with... Read more continue reading

SME Planners, Accountants & Life Advisers Next In Line For ASIC Scrutiny

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Although recent ASIC enforcement action and the Royal Commission have predominantly focused on the major banks and AMP, it would be foolhardy to assume that non-bank advice firms are not... Read more continue reading

ASIC leads super industry on outreach trip to the APY Lands

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ASIC is on the road this week, leading a group of senior executives from the superannuation industry and the Australian Government to visit South Australia’s remote Anangu Pitjantjatjara Yankunytjatjara (APY)... Read more continue reading

APRA and ASIC release new life-claims data

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The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published new data on life insurance claims and claims related disputes for the period 1... Read more continue reading

ASIC and RBA welcome the new BBSW calculation methodology

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ASIC and the Reserve Bank of Australia (RBA) have welcomed the new BBSW calculation methodology, which commenced last week. The bank bill swap rate (BBSW) rate is a major interest... Read more continue reading

Scammers turn up the heat on Australian investors

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During National Scams Awareness Week (21 – 25 May), ASIC is warning investors to be on high alert to investment scams. Figures released today from the ACCC’s Targeting Scams Report show... Read more continue reading