News : ASIC

ASIC, Compliance, Financial Advice, Financial Planning, Investments

Crole banned over Shield, First Guardian

ASIC’s ongoing actions against individuals involved in the Shield and First Guardian collapses has led to another stakeholder ban.

ASIC’s ongoing actions against individuals involved in the Shield and First Guardian collapses has led to another stakeholder ban.

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ASIC, Auditing

SMSF auditor sentenced to community work

A former practitioner has been sentenced to unpaid community service after he pleaded guilty to acting as an SMSF auditor while disqualified.

A former practitioner has been sentenced to unpaid community service after he pleaded guilty to acting as an SMSF auditor while disqualified.

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ASIC, Compliance, Superannuation

Netwealth found to have violated Corporations Act

The Federal Court has made a declaration Netwealth contravened the Corporations Act in relation to the First Guardian Master Fund.

The Federal Court has made a declaration Netwealth contravened the Corporations Act in relation to the First Guardian Master Fund.

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ASIC, SMSF

ASIC acts against Shield director venture

ASIC has taken action to prevent a former Shield Master Fund director from accepting money for overseas-based investment firms.

ASIC has taken action to prevent a former Shield Master Fund director from accepting money for overseas-based investment firms.

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ASIC, Investments

ASIC moves against First Guardian auditors

ASIC has continued its campaign against parties involved in the collapse of First Guardian, commencing court action against its auditors.

ASIC has continued its campaign against parties involved in the collapse of First Guardian, commencing court action against its auditors.

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ASIC, Crypto Assets

Director banned for SMSF-related scam

A company director has been permanently banned for his involvement in offshore scams that defrauded people of their superannuation.

A company director has been permanently banned for his involvement in offshore scams that defrauded people of their superannuation.

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ASIC, Property

ASIC issues bans over NextGen actions

ASIC has banned two former directors of NextGen Financial Group in relation to the establishment of an SMSF for property investments.

ASIC has banned two former directors of NextGen Financial Group in relation to the establishment of an SMSF for property investments.

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ASIC, Auditing

ASIC acts against 36 SMSF auditors

There has been an increase in the number of SMSF auditors who have had action enforcement taken against them in the second half of 2025/26.

There has been an increase in the number of SMSF auditors who have had action enforcement taken against them in the second half of 2025/26.

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ASIC, Compliance, Financial Advice

Bans for two more former MWL advisers

Two more financial advisers who were authorised by MWL Financial Services have been banned for periods of three to five years.

Two more financial advisers who were authorised by MWL Financial Services have been banned for periods of three to five years.

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ASIC, Financial Advice, Financial Planning

Higher ASIC levy will jeopardise advisers

The FAAA is concerned the sector will be unable to service the 27 per cent increase per adviser in the annual ASIC levy for 2025/26.

The FAAA is concerned the sector will be unable to service the 27 per cent increase per adviser in the annual ASIC levy for 2025/26.

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