News : ASIC

ASIC, Financial Planning

Property spruiking diminishes

SMSFs property spruiking

Unlicensed advice remains a concern for ASIC, which has asked advisers to report any instances of such behaviour they might come across.

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ASIC, Financial Planning

ASIC extends early access advice provisions

early access advice

Measures to ease the provision of advice related to early release of superannuation have been extended by six months due to ongoing COVID-19 uncertainty.

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ASIC, Auditing

ASIC adds conditions to auditors registrations

ASIC auditors conditions

ASIC has taken disciplinary action against two SMSF auditors, adding conditions to their registration after independence breaches and audit quality deficiencies were uncovered.

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ASIC, Auditing

ASIC reinstates disqualified auditor

ASIC disqualified auditor

ASIC has reinstated a disqualified SMSF auditor following a decision by the Administrative Appeals Tribunal, but has already made moves to appeal the ruling.

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ASIC

ASIC begins Dixon Advisory civil proceedings

ASIC Dixon Advisory

ASIC has started civil penalty action again investment, retirement and SMSF advisory firm Dixon Advisory over claims of conflict of interest and best interest failures.

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ASIC

Former Queensland adviser charged with fraud

SMSF adviser fraud

A former financial adviser has been charged with fraud, including the unauthorised withdrawal of over half a million dollars from SMSF clients’ bank accounts, following an ASIC investigation.

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ASIC, Financial Planning

Henderson pleads guilty to dishonest conduct

Sam Henderson guilty

Former financial adviser Sam Henderson has pleaded guilty to charges related to false claims he held a Master of Commerce qualification.

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ASIC, Financial Planning

ASIC bans adviser over risky advice

ASIC banned Adelaide adviser

An Adelaide-based adviser has been banned for failing to act in his clients’ best interests, including giving advice that ignored the SMSF investment strategy.

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ASIC, Auditing

ASIC disqualifies 36 SMSF auditors

ASIC disqualification SMSF auditors

A failure to maintain SMSF audit experience has resulted in disqualification for 36 auditors and conditions being imposed on a further six practitioners.

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ASIC

SMSF proprietor hit with injunctions

ASIC SMSF injunctions

ASIC has obtained interim injunctions against PW Kitt Co Pty Ltd and its director in order to investigate the acquisition of almost $7 million in SMSF investor funds.

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