News : ASIC

374 auditor registrations voided

January 31, 2023

A total of 374 SMSF auditors have had their registration with the Australian Securities and Investments Commission cancelled for compliance issues.

read more

ASIC

Ex-SMSF adviser guilty of dishonest conduct

January 25, 2023

Darin Tyson-Chan

A former financial adviser has pleaded guilty to three counts of engaging in dishonest conduct while running a financial services business.

read more

ASIC, financial advice, Tax

Adviser register to show tax advice capability

January 9, 2023

Jason Spits

ASIC’s adviser register will show which financial advisers can provide tax advice but the accuracy of information will depend on licensees.

read more

ASIC, financial advice

Greater clarity from INFO 274

December 21, 2022

Darin Tyson-Chan

ASIC Information Sheet 274, which provides guidance on the provision of SMSF advice, should give advisers more certainty when discussing fund set-ups.

read more

ASIC

First court action under DDO rules

December 19, 2022

Darin Tyson-Chan

ASIC has commenced civil action in the Federal Court against Firstmac Limited, in what is the initial move of this sort against a financial product provider.

read more

ASIC

Balance change a breakthrough for SMSFs

December 12, 2022

Jason Spits

The removal of references to a specific starting balance for an SMSF in ASIC guidance is a key shift for the sector, the SMSF Association has claimed.

read more

ASIC, Superannuation

Former super fund executives face court

December 12, 2022

Darin Tyson-Chan

Two former superannuation executives have appeared before the Adelaide Magistrates Court over allegedly contravening the Corporations Act.

read more

ASIC, Superannuation

ASIC guidance drops balance figures

December 8, 2022

Jason Spits

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.

read more

ASIC, Auditing