News : ASIC

ASIC

Regulators demand action from ASX

Australian Securities Exchange, ASX, Joe Longo, Reserve Bank of Australia, RBA, Michele Bullock, Australian Securities and Investments Commission, ASIC,

The RBA and ASIC have publicly reprimanded the ASX over a critical system failure last year, calling for more action to prevent a reoccurrence in the future.

read more
ASIC, Investments, SMSF

ASIC seeks closure of rollover scheme

ASIC has sought court orders to wind up a managed investment scheme that used cold calling and superannuation rollovers to get clients to invest.

ASIC has sought court orders to wind up a managed investment scheme that used cold calling and superannuation rollovers to get clients to invest.

read more
ASIC, ATO, Auditing

ASIC sanctions 17 SMSF auditors

ASIC has cracked down on 17 SMSF auditors who failed to meet their compliance obligations, banning some and imposing various disciplinary measures on others.

ASIC has cracked down on 17 SMSF auditors who failed to meet their compliance obligations, banning some and imposing various disciplinary measures on others.

read more
ASIC

Breach reporting relief feedback closing

Australian Securities and Investments Commission, ASIC, SMSF Association,

Advice licensees have limited time to respond to an ASIC proposal that will remove the need to report low-level breaches of misleading conduct provisions.

read more
ASIC

Super rollover firms have assets frozen

Two firms linked to a company that used telemarketers to promote rollovers to SMSFs have had their assets frozen as ASIC investigates their actions.

Two firms linked to a company that used telemarketers to promote rollovers to SMSFs have had their assets frozen as ASIC investigates their actions.

read more
ART, ASIC, ATO, Auditing, Regulation

Adviser and auditor banned

Financial Services and Credit Panel, FSCP, SMSF auditor, ASIC, Administrative Review Tribunal, ART, Glenn Paul Meilak, Terence Murphy

Two separate actions have led to an SMSF adviser and a qualified auditor being banned from practising for failing to maintain the standards expected of them.

read more
ASIC, ATO, Regulation

Financial regulation initiative launched

The government has unveiled a grid aimed at improving the regulation processes involving the Australian financial sector.

The government has unveiled a grid aimed at improving the regulation processes involving the Australian financial sector.

read more
ASIC, financial advice, Financial Planning

ASIC examining telemarketer-sourced clients

ASIC has raised concerns about the poor practices of advisers sourcing clients from telemarketers for the purpose of encouraging them to roll over their super to invest in risky asset classes.

read more
ASIC, Property, SMSF

Court disqualifies, fines property developer

A property developer who promoted the use of SMSFs to invest in unlicensed investment schemes has received a record court-ordered fine.

read more
ASIC, Compliance

CSLR payment sees licence cancellation

ASIC has cancelled the AFSL of an organisation that required the Compensation Scheme of Last Resort to settle an AFCA determination on its behalf.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.