ASIC update on enforcement and regulatory work

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ASIC has provided the latest six monthly update on its enforcement and regulatory work since September 2019. The update covers our implementation of the recommendations of the Financial Services Royal Commission

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ASIC and APRA welcome law reform on superannuation regulator roles

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The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in superannuation. In response to

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ASIC and APRA welcome law reform on superannuation regulator roles

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The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in superannuation. In response to

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ASIC review of 30 June 2019 financial reports

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ASIC has announced the results from its review of the 30 June 2019 full-year financial reports of 200 entities. Arising from the review, ASIC has made inquiries of 47 entities

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ASIC encourages fair and effective insurance claims handling for people affected by the bushfires

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ASIC is committed to helping Australians affected by the devastating bushfires to rebuild their lives. ASIC Deputy Chair Daniel Crennan QC said that ‘ASIC is working with insurers and other

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ASIC updates responsible lending guidance

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ASIC has published updated guidance on the responsible lending obligations that are contained in the National Consumer Credit Protection Act 2019 (the National Credit Act). Following an extensive consultation, ASIC has

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ASIC releases report on financial advice provided by superannuation funds

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ASIC has released Report 639 Financial advice by superannuation funds. This report examines the ways in which superannuation funds help members obtain financial advice and the quality of personal advice obtained

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ASIC reports on compliance with financial advice fee disclosure obligations

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A new report about fee disclosure obligations released by ASIC has found that consumers receiving financial advice could be at risk of receiving wrong information about advice fees, or in

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ASIC releases updated RG 97 on fees and cost disclosure

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ASIC has released updated guidance on fees and cost disclosure for issuers of superannuation and managed investment products. The updated version of Regulatory Guide 97 Disclosing Fees and Costs in PDSs and

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ASIC fee relief for bushfire-affected customers

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ASIC is offering assistance for customers, including small businesses, who are affected by the current bushfires in New South Wales and Queensland by providing relief from various company-related fees that

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