News : ASIC

ASIC, Financial Planning

Early access advice simplified

ASIC financial advice COVID-19

ASIC has announced temporary relief measures to assist the financial advice industry during the COVID-19 pandemic, including relaxed rules around the provision of advice.

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ASIC

ASIC permanently bans SMSF adviser

ASIC ban SMSF adviser

ASIC has permanently banned a former-Adelaide adviser from having any involvement in financial services and credit activities.

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ASIC

SMSF property promoter jailed for 10 years

Charterhill SMSF property promoter

Charterhill Group director George Nowak has been sentenced to 10 years’ imprisonment for aggravated deception and dishonest dealings with documents.

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ASIC, Superannuation

Early-release promoter banned

early release superannuation

A banned financial adviser has received a further penalty from ASIC for his part in a scheme that promoted the illegal early release of super via SMSFs.

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ASIC, Financial Planning

Adviser gets permanent ban

Adviser banned SMSF loans

ASIC has ipermanently banned a Queensland adviser who advised clients to make loans from their SMSF to his businesses, breaching his best interests duty.

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ASIC, Regulation

SMSF advice should mirror auditor framework

Licensing regime

The licensing regime governing SMSF advice should be structured along the same lines as the approved SMSF specialist auditor register, a prominent adviser has said.

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ASIC, Property

SMSF property promoter pleads guilty

Charterhill SMSF property Nowak

Charterhill Group founder George Nowak has pleaded guilty to charges of aggravated deception and dishonest dealings with documents.

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ASIC, Auditing

ASIC bans SMSF auditor, acts on five others

ASIC action SMSF auditors

ASIC has taken action against six SMSF auditors after receiving referrals from the ATO to examine their level of compliance with legal obligations.

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ASIC

ASIC permanently bans Sydney SMSF adviser

Sydney-based financial adviser

ASIC has permanently banned a Sydney-based SMSF adviser after she was found guilty of misappropriating money from clients’ funds.

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ASIC

ASIC permanently bans financial adviser

Financial adviser banned

ASIC has permanently banned a financial adviser found guilty last year of fraudulently misappropriating client funds.

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