ASIC accepts another enforceable undertaking ASIC accepts another enforceable undertaking Editor: In 2012, in response to the growth in SMSFs, ASIC established the SMSF Taskforce, and the Taskforce continues to […]
From Float To Failure: The Ugly Story Of Dick Smith
From Float To Failure: The Ugly Story Of Dick Smith Early last month, the Senate announced an inquiry with terms of reference that cover the collapse of Dick Smith Electronics. […]
ASIC consults ‘robo-advice’
By Bottrell Group on April 29, 2016 in Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office
ASIC consults on proposed guidance about ‘robo-advice’ ASIC today released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice). ASIC […]
Case: PSI and the ‘results Test’
Case: PSI and the ‘results Test’ Gavin: It seems the ‘results test’ is a pretty hard barrier to get over. Here’s another example, with some lessons for the average punter. […]
ASIC Fee Increases from 1 July 2015
ASIC Fee Increases from 1 July 2015 Source:- http://asic.gov.au ASIC fees under the corporations, credit, SMSF auditor and business name regulations will be increased on 1 July 2015 based on […]
ASIC warning on buying property through an SMSF
ASIC warning on buying property through an SMSF ASIC is aware that there has been a sharp rise in promoters recommending investors either set up or use and existing SMSF […]
Macquarie Investment Management to refund clients
Macquarie Investment Management to refund clients Macquarie Investment Management Limited (Macquarie) is due to refund over $5.5 million to around 2,300 clients affected by system errors. The errors occurred between […]
ASIC Reduces red tape for changes of auditors
ASIC Reduces red tape for changes of auditors ASIC today announced a fundamental change to its approach to consenting to the resignation, removal and replacement of auditors. ASIC will now […]
Cold calling firm FXTS Guru cut off following ASIC concerns
A cold-calling operation promoting FX and binary option products to investors worldwide has agreed to stop contacting Australian investors following ASIC concerns. The outcome is part of ASIC’s ongoing work […]
Port Macquarie man convicted and fined
Port Macquarie man convicted and fined Following an ASIC investigation, a Port Macquarie man has been convicted and fined for managing a company while he was a bankrupt. Grant John […]
Decision in Mariner civil action
Decision in Mariner civil action ASIC notes the Federal Court’s decision in its legal action against Mariner Corporation Limited and its current and former directors. On 19 June 2015, the […]
ASIC updates guidance on collective action by investors
ASIC updates guidance on collective action by investors ASIC today released updated regulatory guidance for investors to help them in taking collective action to improve the corporate governance of listed […]
ASIC takes civil action against Padbury Mining and two directors
ASIC has started civil penalty proceedings against Padbury Mining Limited (Padbury) and two of its directors regarding Padbury’s announcement last year of a multi-billion dollar funding deal for the Oakajee […]
Life insurance industry reform proposals
Life insurance industry reform proposals ASIC notes the announcement of a life insurance industry reform package by the Financial Services Council, the Association of Financial Advisers and the Financial Planning […]
BT pays $20,400 penalty for misleading statements
BT pays $20,400 penalty for misleading statements BT Funds Management Ltd (BT) has paid $20,400 in penalties after ASIC issued two infringement notices for misleading statements contained in the online […]
