A recent study has upheld the Australian equity market’s record for cleanliness

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A recent review by ASIC found Australian equity markets continue to operate with a high degree of integrity. Report 623 Review of Australian equity market cleanliness: 1 November 2015 to 31

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01 Aug 2019

ASIC acts against SMSF auditor misconduct

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ASIC has acted to disqualify or add conditions to the registration of a number of auditors of self-managed superannuation funds (SMSFs). The actions arose following ASIC concerns about failures to

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23 Jul 2019

ASIC proposes to ban unsolicited telephone sales of life insurance and consumer credit insurance

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ASIC is inviting feedback on its proposal to ban unsolicited telephone sales of direct life insurance and consumer credit insurance (CCI). Such a ban would prevent the sale of complex

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19 Jul 2019

ASIC ensures licensees meet their AFCA membership obligations

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After commencing operations on 1 November 2018, the Australian Financial Complaints Authority (AFCA) advised ASIC that 58 financial services licensees and 217 credit licensees, who previously held external dispute membership with

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15 Jul 2019

ASIC consults on remaking class order on departed former temporary residents’ superannuation

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ASIC has released a consultation paper about whether it should remake a class order that provides conditional relief to superannuation trustees from obligations in the Corporations Act 2001 (Corporations Act) that

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12 Jul 2019

ASIC provides new guidance for certain AFS licence applications

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ASIC has released Information Sheet 240 AFS licensing – Requirements for certain applicants to provide further information (INFO 240) to provide guidance to applicants on recent changes to ASIC’s Australian financial services (AFS)

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11 Jul 2019

ASIC publishes submissions and announces public hearings on responsible lending guidance

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ASIC will hold public hearings as part of the wider public consultation on its guidance on the responsible lending obligations. This consultation commenced in February 2019, and ASIC has received

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02 Jul 2019

APRA and ASIC publish latest data on life insurance claims and disputes

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The Australian Prudential Regulation Authority (APRA) has released its Life Insurance Claims and Disputes Statistics publication, covering a rolling 12-month period from 1 January 2018 to 31 December 2018. The data is

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01 Jul 2019

ASIC: Major financial reporting changes and other focuses

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Announcing its focus areas for 30 June 2019 financial reports of listed entities and other entities of public interest with many stakeholders, ASIC has called on companies to focus on

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20 Jun 2019

ASIC approves AFCA Rules change for legacy complaints

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ASIC has approved changes to the Australian Financial Complaints Authority (AFCA) Rules which give effect to the AFCA authorisation condition introduced by Government on 19 February 2019. Under the Government’s

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19 Jun 2019