ASIC cancels suspended Australian Financial Services licence for failing to lodge annual statements

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ASIC has cancelled the Australian Financial Services (AFS) licence of Parramatta-based company Rural & General Insurance Broking Pty Limited (RGIB) for failing to comply with their legal obligations and licence

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07 Apr 2017

ASIC establishes Financial Advisers Consultative Committee

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ASIC yesterday announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership. ‘ASIC has extensive engagement with participants

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30 Mar 2017

Global Money Week: ASIC offers practical tips and resources to teach kids about money

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To mark Global Money Week (27 March – 2 April 2017), ASIC’s MoneySmart offers practical tips and resources for parents to help them teach children about money to establish good

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29 Mar 2017

ASIC reports on how large financial advice firms have dealt with poor advisers

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ASIC has released the findings of its review of how Australia’s largest financial advice firms have dealt with past poor advice and non-compliant advisers, including how these firms have dealt

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20 Mar 2017

ASIC launches new teaching resource to build the financial capability of Indigenous students

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ASIC has launched a new financial literacy teaching resource – Knowing, Growing, Showing – to support authentic learning opportunities for Indigenous students. The resource is aligned to the Australian Curriculum

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17 Mar 2017

ASIC consults on ‘sunsetting’ class order about licensing relief for trustees of wholesale equity schemes

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ASIC yesterday released a consultation paper proposing to either remake or repeal ASIC Class Order [CO 07/74] Wholesale equity schemes: Licensing relief for trustees. This is due to expire (‘sunset’)

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16 Mar 2017

ASIC’s Enforcement Report highlights key outcomes from the second half of 2016

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ASIC yesterday released its enforcement report for the period 1 July 2016 to 31 December 2016. ASIC’s enforcement results over the six-month period include: The report also covers ASIC’s key

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09 Mar 2017

ASIC updates its guidance on fee disclosure statements

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ASIC has released an updated Regulatory Guide 245 Fee disclosure statements (RG 245) to reflect regulatory and legislative changes since the guide was first published, including revisions to the Future

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23 Feb 2017

ASIC consults on ‘sunsetting’ class order about reporting requirements for Australian financial services licensees who are natural persons

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ASIC has released a consultation paper proposing to remake ASIC Class Order [CO 03/748] Reporting requirements under s989B. This is due to expire (‘sunset’) on 1 October 2017. This instrument grants

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20 Feb 2017

The Hon. Kelly O’Dwyer MP launches Financial Literacy Annual Highlights Report

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The Minister for Revenue and Financial Services, the Hon. Kelly O’Dwyer MP yesterday launched the National Financial Literacy Strategy Annual Highlights Report 2015-16 at an event at Parliament House in Canberra.

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17 Feb 2017