The COVID-19 temporary relief measures for financial advisers introduced by ASIC are scheduled to end on 15 April.

ASIC has found eighteen SMSF auditors in breach of independence regulations after conducting reciprocal audit arrangements.

ASIC’s adviser-led disciplinary panels may be called upon to review trends in bad advice and provide input into deterrent measures.

The SMSF Association believes two key pieces of research it has commissioned create a strong case for ASIC to review its consumer guidance for SMSFs.

Mayfair has filed a notice of appeal to overturn a court decision after claiming ASIC’s security report included errors.

ASIC believes the naming of exchange-traded products should be improved and has called for input on how that should be done.

ASIC has started preparations for its new adviser enforcement panel, but will not release guidance on its operation until early next year.

Mayfair 101 Group has had a $30 million penalty imposed upon it by the Federal Court for making false or misleading claims in its product advertising.