News : ASIC

ASIC

ASIC halts income fund offering

ASIC Westlawn fund

ASIC has placed an interim stop order on the distribution of a property fund aimed at retail investors because of deficiencies found in its target market determinations.

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ASIC

Mayfair founder sues ASIC for defamation

Mayfair ASIC defamation

The founder of Mayfair 101 has commenced defamation proceedings against ASIC, claiming a recent press release injured his reputation.

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ASIC

Mayfair appeal against ASIC penalty dismissed

Mayfair appeal against ASIC

The Federal Court has dismissed an appeal by Mayfair 101 against a $30 million penalty for false advertising handed to it late last year.

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ASIC

Gore fined for managing company

craig gore fined

A former Gold Coast property developer who defrauded SMSF investors has been fined for managing a company while in jail and disqualified from doing so.

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ASIC, Investments

Ban on Mayfair director overturned

ban Mayfair Mawhinney

A court imposed ban on Mayfair 101 director James Mawhinney has been overturned, but injunctions restraining his actions have been reimposed.

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ASIC, Financial Planning

FPA wants continuation of ASIC levy freeze

ASIC levy freeze

An urgent call has been made by the FPA for the freeze on the annual industry levy to be applied to the 2023 financial year.

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ASIC, Auditing

ASIC outlines four-year priorities

ASIC retirement retirement decision-making

ASIC has nominated retirement decision-making and the supervision of SMSF auditors as areas it will be giving priority to over the coming four years.

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ASIC, Financial Planning

ASIC funding model review starts

ASIC funding model review

Five years after its implementation, Treasury will lead a review into the industry funding model used to pay for the work of ASIC.

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ASIC

Dixon clients urged to lodge AFCA complaint

AFCA Dixon Advisory complaint

ASIC has told former clients of Dixon Advisory to lodge a formal complaint so they may be eligible to receive compensation under any schemes launched in the future.

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ASIC

Adviser banned for early release advice

Adviser banned early release

ASIC has banned an adviser who recommended clients use an SMSF to gain illegal early access to their superannuation.

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