News : ASIC

ASIC

Mayfair director banned for 20 years

April 19, 2021

Darin Tyson-Chan

The Federal Court has banned Mayfair 101 director James Mawhinney from the financial services industry for 20 years.

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ASIC, Financial Planning

ASIC extends COVID-19 advice relief

April 15, 2021

Jason Spits

Financial advisers will be able to use records of advice for COVID-19-related matters with existing clients for another six months following an extension by ASIC.

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ASIC, Superannuation

Two unlicensed operations shut down

April 13, 2021

Darin Tyson-Chan

Federal Court orders to have two unlicensed financial services companies wound up have been obtained by ASIC.

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ASIC, Financial Planning

ASIC releases new ongoing fee rules

March 25, 2021

Jason Spits

ASIC has released new rules around what consent advisers need to secure when using ongoing fee arrangements with clients.

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ASIC

Court finds against Mayfair advertising

March 23, 2021

Darin Tyson-Chan

The Federal Court has ruled Mayfair 101 Group made false, misleading and deceptive statements in regard to the marketing campaign for its debenture products.

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ASIC, Compliance

SMSF accountant ordered to comply with EU

March 15, 2021

Jason Spits

A Queensland accountant has been ordered by the Federal Court to comply with an ASIC enforceable undertaking and tell clients she is unable to provide SMSF advice.

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ASIC, Financial Planning

Industry bodies slam ASIC levy hike

March 8, 2021

Tharshini Ashokan

Australia’s peak financial services industry bodies have condemned the substantial increase in the levy charged to financial advisers and their licensees.

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ASIC