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... Read more continue reading

My Dealer Services urges decisive industry action from victorious Labor government

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Self-licensing specialist My Dealer Services (MDS) has called on the Labor government to start its second term with a period of decisive action, focused on growing the number of advice... Read more continue reading

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... Read more continue reading

CPD: Consumer protection essentials – AFCA and advice complaints

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As essential component of a robust framework for protecting financial consumers is the presence of mechanisms that hold individuals and organisations to account for causing consumer harm and allow consumers... Read more continue reading

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... Read more continue reading

Vanguard welcomes the Government’s next steps on advice reform

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Vanguard Australia has welcomed draft legislation released on Friday by the Federal Government as an important next step in supporting Australians to achieve better financial outcomes through accessible, affordable financial... Read more continue reading

Acenda welcomes release of draft legislation to improve access and affordabality of financial advice

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Acenda welcomes the release of the latest tranche of reforms aimed at improving access to affordable advice for more Australians. “Access to affordable, quality financial advice is critical in helping... Read more continue reading

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... Read more continue reading

ASIC raises red flags over private markets amid IPO decline

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The Australian Securities and Investments Commission (ASIC) has intensified its recent scrutiny of the private markets, raising concerns over transparency, investor protections and the potential for increased regulatory oversight[1]. Jamie... Read more continue reading

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... Read more continue reading