News : ASIC

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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ASIC, ATO, Auditing, Compliance, Documentation

Client audit files require specificity

Auditors must structure their record-keeping to reflect specific files pertaining to particular clients in order to satisfy their professional obligations.

Auditors must structure their record-keeping to reflect specific files pertaining to particular clients in order to satisfy their professional obligations.

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ASIC, Financial Advice, Financial Planning

ASIC advisory levies rise materially

The ASIC Cost Recovery Implementation Statement has outlined increases of more than 20 per cent for the majority of financial advisers.

The ASIC Cost Recovery Implementation Statement has outlined increases of more than 20 per cent for the majority of financial advisers.

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ASIC, Financial Advice, Financial Planning

FAR info failure leads to advice block

Around 130 advisers failed to provided ASIC with accurate qualification information, leading to one-fifth being unable to practice as a result.

Around 130 advisers failed to provided ASIC with accurate qualification information, leading to one-fifth being unable to practice as a result.

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