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Everything from ASIC - Australian Securities & Investments Commission

ASIC issues new legislative instruments for financial resource requirements and platforms

From ASIC - Australian Securities & Investments Commission

ASIC has released four new legislative instruments and updated its guidance regarding the financial resource requirements that apply to some categories of Australian financial services licensees and platforms. The new

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08 Sep 2023

ASIC focuses on protecting vulnerable consumers and small businesses in 2023-24

From ASIC - Australian Securities & Investments Commission

ASIC will take further enforcement action to protect Australian consumers and small businesses in an environment where scams, digitally-enabled misconduct and predatory lending practices are increasingly prevalent. Releasing ASIC’s latest Corporate

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29 Aug 2023

ASIC welcomes appointment of three Commissioners

From ASIC - Australian Securities & Investments Commission

ASIC Chair Joe Longo has welcomed the Treasurer’s appointment of three new Commissioners to ASIC. The Treasurer has announced the appointment of Ms Katherine O’Rourke, currently a First Assistant Secretary at Treasury,

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28 Aug 2023

ASIC review finds insurers can and should improve claims handling

From ASIC - Australian Securities & Investments Commission

ASIC is calling on general insurers to improve their claims handling practices and resourcing after a review of home insurance claims found weaknesses across five key areas. ASIC’s Report 768 Navigating the

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17 Aug 2023

ASIC extends transitional relief for foreign financial services providers

From ASIC - Australian Securities & Investments Commission

ASIC is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing

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09 Aug 2023

ASIC welcomes the establishment of an ASX Advisory Group and the appointment of Alan Cameron AO as Independent Chair

From ASIC - Australian Securities & Investments Commission

ASIC Chair Joe Longo has welcomed the establishment of a new Advisory Group to advise ASX Clear and ASX Settlement on strategic clearing and settlement issues. Importantly, this includes input

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04 Aug 2023

APRA and ASIC commence early consultation on FAR

From ASIC - Australian Securities & Investments Commission

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have released key materials for consultation, to support the implementation of the Financial Accountability Regime (FAR)

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21 Jul 2023

Review finds super trustees need to improve retirement outcomes planning

From APRA - Australian Prudential Regulation Authority ASIC - Australian Securities & Investments Commission

A thematic review of how superannuation trustees are supporting their members under the Retirement Income Covenant has found that trustees need to make more progress to enhance retirement outcomes. The

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19 Jul 2023

ASIC acts to ensure better banking outcomes for Indigenous consumers

From ASIC - Australian Securities & Investments Commission

An ASIC review has found that some individuals in high-fee transaction accounts, including First Nations people, are paying up to $3000 in overdraw fees over a year. Banks need to

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06 Jul 2023

ASIC calls on super trustees to appropriately deal with member money when it is first received

From ASIC - Australian Securities & Investments Commission

ASIC is calling on superannuation trustees to ensure they are meeting their legal obligations for dealing with incoming money from consumers if a new or increased interest in a super

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27 Jun 2023

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CPD: Consumer protection brief – advisers at the frontline of preventing financial abuse
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