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Exposing high-pressure cold calling tactics and social media click-bait leading to superannuation switching

For many Australians, retirement planning is a critical step toward securing their financial future. Australians often look to financial services professionals for support when forging

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May 7, 2024

ASIC consults on updated guidance for carbon market participants

ASIC has today released a consultation paper on proposed updates to its regulatory guidance for participants in the carbon market in relation to Australian financial

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May 6, 2024

ASIC and UK Financial Reporting Council sign agreement to recognise audit qualifications

ASIC and the Financial Reporting Council (FRC) in the United Kingdom (UK) have signed a Memorandum of Understanding (MoU) on Reciprocal Arrangements which sets out

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May 6, 2024

Henry Heng sentenced for failing to disclose interests as a company director

The founder of listed bottled water producer Eneco Refresh, Henry Eng Chye Heng, has been sentenced to a recognisance release order upon providing security of

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May 3, 2024

ASIC wins first court outcome regarding a non-cash payment facility involving crypto assets

The Federal Court has found BPS Financial Pty Ltd (BPS) engaged in unlicensed conduct when offering the ‘Qoin Wallet’, a non-cash payment facility which used

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May 3, 2024

Greenwashing: A view from the regulator

Check against delivery In 2002, the word ‘greenwashing’ was first added to the Oxford English dictionary.[1] This would suggest it’s a relatively recent development –

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May 2, 2024

Scam alert: Scammers are changing the way they impersonate financial services businesses in sophisticated bond and term deposit scams

ASIC is warning consumers about an increase in the sophistication of fake bond and term deposit scams where scammers are impersonating little-known legitimate financial services

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May 2, 2024

Financial Services Licensee sentenced for failing to lodge annual financial reports

Australian Financial Services Licensee Odyssey Equity Finance Pty Ltd (Odyssey) of Keilor East, Victoria, was sentenced on 24 April 2024 in the Dandenong Magistrates’ Court

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May 1, 2024

ASIC protects small business by disqualifying four directors for failures relating to the management of small proprietary companies

During the period 1 January to 31 March 2024, ASIC has banned four directors from managing corporations following their role in the collapse of multiple

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May 1, 2024

Improving superannuation member services — Dealing with death benefit claims

The way in which superannuation trustees approach their interactions with Australians can have a significant impact on people’s lives, especially in times of emotional and/or

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May 1, 2024
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