ASIC proposes to start communicating with company directors more routinely regarding findings from its audit inspections.
December 15, 2021Westpac has already agreed to admit to the allegations, remediate A$80mn to customers, and pay A$113mn in penalties, subject to court approval.
November 30, 2021The CCIV has the potential to unlock significant opportunities for the Australian funds management industry, says Financial Services Council CEO Sally Loane.
November 30, 2021The court said Colonial First State Investments engaged in a 26-month "concerted campaign" that sought to take advantage of members.
October 20, 2021Some policies inaccurately refer to obsolete requirements for whistleblowers to identify themselves or make disclosures in good faith or without malice to qualify for protection.
October 14, 2021ASIC calls on market participants and listed companies to be on the lookout for and report suspected ‘pump and dump’ activity in listed securities.
September 23, 2021The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
September 1, 2021NAB charged fees for personal advice without providing customers fee disclosure statements, providing them late, or containing false misleading information.
August 27, 2021Westpac Securities Administration and BT Funds Management were fined for failing to act in their clients' best interests in a case that dates back to 2016.
August 26, 2021Company officers failed to provide registered liquidators access to the company's books and submit reports on company activities and property.
August 18, 2021