AFS licensees have until 16 February to register their financial advisers. Providing personal advice to retail clients without registration will be subject to regulatory action.
January 19, 2024The FAR replaces and extends the BEAR by imposing new accountability obligations on insurers, banks, super funds, and their senior executives.
September 7, 2023New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.
August 2, 2023The CSLR will facilitate the payment of up to A$150,000 in compensation for financial services consumers who have unpaid determinations from AFCA.
June 26, 2023The framework will enhance the Financial Regulator Assessment Authority's assessment toolkit and provide direct insights on APRA and ASIC’s activities.
June 19, 2023ASIC alleges Mercer Superannuation made misleading statements about investment options that were marketed as suitable for members ‘deeply committed to sustainability’.
March 1, 2023The big four will face questions about how they set interest rates, protect customers from scams, and support the flow of credit to small businesses.
February 21, 2023ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.
February 10, 2023AFS licensees are responsible for notifying ASIC by 1 February whether their financial advisers can provide tax (financial) advice services.
January 10, 2023The API provides a machine-to-machine interface solution to submit notifications about reportable situations, removing the need to manually input information into ASIC’s form.
November 23, 2022