OnePath Custodians made false or misleading representations and deducted fees from members for advice services they did not receive.
December 3, 2023Mercer Financial Advice was fined for failing to provide compliant fee disclosure statements and charging fees for services never rendered.
November 24, 2023ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.
November 24, 2023HESTA performance figures used in Facebook and Instagram ads and in a webinar did not specify the period the figures related to.
November 13, 2023The list includes entities that are offering services to Australians without authorisation, as well as “impostor” entities and websites.
November 8, 2023ASIC says Telstra Super did not respond to more than 100 complaints within the 45 days required under the new internal dispute resolution regime.
November 7, 2023ASIC has a new website takedown service to remove or limit access to fraudulent and malicious websites on the internet.
November 3, 2023The new information package includes guidance for banks on transitioning to the FAR, including a template for producing accountability statements.
October 4, 2023Bobbob and its sole director are prohibited from providing financial services to retail clients for 12 months and paid A$53,000 in penalties.
September 29, 2023ANZ was ordered to pay a A$15mn penalty, on top of A$8.3mn in remediation paid to over 186,000 credit card accounts.
September 27, 2023