News : ASIC

ASIC, ATO, Auditing, Compliance, Documentation

Client audit files require specificity

Auditors must structure their record-keeping to reflect specific files pertaining to particular clients in order to satisfy their professional obligations.

Auditors must structure their record-keeping to reflect specific files pertaining to particular clients in order to satisfy their professional obligations.

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ASIC, Financial Advice, Financial Planning

ASIC advisory levies rise materially

The ASIC Cost Recovery Implementation Statement has outlined increases of more than 20 per cent for the majority of financial advisers.

The ASIC Cost Recovery Implementation Statement has outlined increases of more than 20 per cent for the majority of financial advisers.

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ASIC, Financial Advice, Financial Planning

FAR info failure leads to advice block

Around 130 advisers failed to provided ASIC with accurate qualification information, leading to one-fifth being unable to practice as a result.

Around 130 advisers failed to provided ASIC with accurate qualification information, leading to one-fifth being unable to practice as a result.

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ASIC, Compliance, Superannuation

ASIC warns super platform trustees

ASIC has expressed its concerns that platform trustees are failing to appropriately protect Australians' retirement savings.

ASIC has expressed its concerns that platform trustees are failing to appropriately protect Australians’ retirement savings.

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ASIC

ASIC action against Shield operators

ASIC has started court proceedings against four people linked to the operation of the Shield Master Fund alleging they breached director duties.

ASIC has started court proceedings against four people linked to the operation of the Shield Master Fund alleging they breached director duties.

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ASIC, Superannuation

Suspicious lead generation list grows

ASIC has added 19 groups to its list of entities involved in lead generation activities aimed at encouraging consumers to change their super fund.

ASIC has added 19 groups to its list of entities involved in lead generation activities aimed at encouraging consumers to change their super fund.

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ASIC, Financial Advice, Property

Former adviser cops permanent ban

An individual providing advice on property investments via an SMSF has been prevented from any involvement in financial services or credit activities.

An individual providing advice on property investments via an SMSF has been prevented from any involvement in financial services or credit activities.

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ASIC, Compliance, Financial Advice, Financial Planning, SMSF

Banning over disclosure failure

The failure of an SMSF firm manager to disclose a conflict of interest has led to his permanent banning from providing financial services.

The failure of an SMSF firm manager to disclose a conflict of interest has led to his permanent banning from providing financial services.

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ASIC, Retirement

ASIC retirement planner very popular

The Australian Securities and Investments Commission has reported high user engagement with the retirement planner it launched last November.

The Australian Securities and Investments Commission has reported high user engagement with the retirement planner it launched last November.

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ASIC, Cryptocurrency

Fake crypto trading platform alert

ASIC has warned consumers about unsolicited invitations to join WhatsApp share tip groups as they may lead to the use of fake crypto trading platforms.

ASIC has warned consumers about unsolicited invitations to join WhatsApp share tip groups as they may lead to the use of fake crypto trading platforms.

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