News : ASIC

ASIC

Adviser banned for best interests failure

ASIC SMSF adviser

ASIC has banned a financial adviser for six years for failing to prioritise his SMSF clients’ interests.

read more
ASIC

NALI implications in ASIC factsheet

ASIC factsheet NALI

ASIC’s estimation of the time trustees spend managing SMSFs may add a concerning dimension to the NALI rules relating to fund expenses.

read more
ASIC

Adviser banned for SMSF property advice

adviser banned SMSF property

An adviser who told many of his clients to invest in property via an SMSF has been banned after it was found he did not act in the best interests of clients.

read more
Accounting, ASIC

ASIC rejects return of accountants’ exemption

ASIC accountants’ exemption

ASIC has not backed the return of the accountants’ exemption, noting the quality of advice from accountants is not higher than that of financial planners.

read more
ASIC, Auditing

ASIC acts on SMSF auditor misconduct

ASIC SMSF auditors misconduct

ASIC has disqualified two SMSF auditors and added conditions to the registration of another following referrals from the ATO.

read more
ASIC, Superannuation

Illegal early-access promoter jailed

Illegal early access superannuation

The operator of a scheme providing illegal early access to superannuation benefits has been given a three-year jail sentence.

read more
ASIC, Financial Planning

Lime FS shuts robo-advice arms

Lime FS robo-advice

The robo-advice arms of Lime FS Pty Ltd have been voluntarily closed amid compliance issues raised by the corporate regulator.

read more
ASIC, Financial Planning

Adviser sentenced to 12-year prison term

ASIC fraud Jayaweera Growth

A former Brisbane-based adviser has been sentenced to 12 years’ imprisonment for stealing almost $6 million of his clients’ funds.

read more
ASIC, Financial Planning

Ex-adviser to face dishonesty charges

dishonest conduct SMSF clients

Twelve charges relating to dishonest conduct regarding SMSF clients have been brought against a former financial planner.

read more
ASIC, Superannuation

ASIC specifically flags SMSF downsides

ASIC SMSF downsides

ASIC has claimed an SMSF isn’t an appropriate strategy in certain situations and potential trustees should be aware of the downsides of SMSFs before establishing one.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.