News : ASIC

ASIC guidance drops balance figures

December 8, 2022

New ASIC guidance for the provision of SMSF advice has dropped references to specific minimum balances, noting it was not the driving factor of suitability.

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ASIC, Auditing

ASIC wins appeal to disqualify auditor

December 5, 2022

Jason Spits

ASIC has won the latest round in a series of actions regarding the disqualification of an SMSF auditor, with a final determination yet to be made.

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ASIC, financial advice

Online-only adviser exam dates released

December 1, 2022

Jason Spits

ASIC has released the dates on which it will conduct adviser exams in 2023, noting they will only be offered remotely.

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ASIC, Auditing

ASIC acts against six SMSF auditors

November 29, 2022

Jason Spits

ASIC has taken action to remove five SMSF auditors from practice and imposed conditions on another auditor following referrals from the ATO.

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ASIC

Former van Eyk chief sentenced

November 16, 2022

Jason Spits

The former head of van Eyk Research has been sentenced to imprisonment and community service for breaching his duties as a director.

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ASIC

ASIC consumer protection focus to continue

November 3, 2022

Darin Tyson-Chan

Consumer protection will continue to be a high priority for ASIC in 2023 given the challenges investment markets are still experiencing.

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ASIC

ASIC halts income fund offering

October 24, 2022

Swagatalakshmi Roychowdhury

ASIC has placed an interim stop order on the distribution of a property fund aimed at retail investors because of deficiencies found in its target market determinations.

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ASIC

Mayfair founder sues ASIC for defamation

October 17, 2022

Swagatalakshmi Roychowdhury

The founder of Mayfair 101 has commenced defamation proceedings against ASIC, claiming a recent press release injured his reputation.

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ASIC

Mayfair appeal against ASIC penalty dismissed

October 11, 2022

Swagatalakshmi Roychowdhury

The Federal Court has dismissed an appeal by Mayfair 101 against a $30 million penalty for false advertising handed to it late last year.

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ASIC

Gore fined for managing company

October 4, 2022

Swagatalakshmi Roychowdhury

A former Gold Coast property developer who defrauded SMSF investors has been fined for managing a company while in jail and disqualified from doing so.

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