Update on the implementation of ASIC register for financial advisers

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The corporate regulator, ASIC, is well advanced with work on an industry-wide public register of financial advisers to be up and running at the end of March. The Government announced

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12 Feb 2015

ASIC ensures QBE meets expected outsourcing standards for dispute resolution

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QBE Insurance (Australia) Limited (QBE) will make changes to its outsourcing of escalated complaints and dispute resolution after ASIC raised concerns about the manner in which it had outsourced complaint

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03 Feb 2015

ASIC cancels registrations of SMSF auditors

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ASIC has cancelled the registration of 440 Self-managed superannuation fund (SMSF) auditors who did not undertake or pass a competency exam necessary to retain their registration. ASIC has also disqualified

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16 Dec 2014

ASIC class order clarifies fee and cost disclosure requirements

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Following a review of fee disclosure practices, ASIC today released a class order clarifying key fee and cost disclosure requirements for Product Disclosure Statements (PDS) and periodic statements for superannuation

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15 Dec 2014

ASIC explained: What does it do and why should Australians care?

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Greg Medcraft, Chairman, Australian Securities and Investments Commission gave a speech yesterday to the National Press Club of Australia, in Canberra. He discussed three main topics: ASIC’s role and why

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04 Dec 2014

ASIC proposes to cut red tape and encourage more electronic disclosure

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ASIC is seeking feedback on proposals to make it easier for businesses to deliver financial services disclosures electronically while preserving choice for consumers. Our proposals also encourage the use of

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17 Nov 2014

Improving the small business environment: ASBC and ASIC meet with professional organisations in North Queensland

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Australian Small Business Commissioner (ASBC), Mark Brennan, and ASIC Regional Commissioner – Queensland, Brett Bassett, recognise the important role regional businesses play in the Australian economy. Earlier this week, Mark

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21 Oct 2014

ASIC releases its submission to the 2014 Senate inquiry into forestry managed investment schemes

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ASIC has released its submission to the 2014 Senate inquiry into forestry managed investment schemes. The submission sets out: ASIC’s role in relation to the regulation of forestry managed investment

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20 Oct 2014

Higher standards needed for life insurance industry

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An ASIC review of life insurance advice has found that the industry needs to improve the quality of advice and ensure that the interests of consumers are given priority. ASIC’s

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13 Oct 2014

ASIC and AFSA announce refreshed memorandum of understanding

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Australian Financial Security Authority’s Chief Executive Veronique Ingram and Commissioner John Price of the Australian Securities and Investments Commission (ASIC) have announced the release of a new Memorandum of Understanding

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03 Oct 2014