Regulatory Updates

ASIC has banned Astna Shirtika Sahay from engaging in credit activities for five years after discovering that she allowed her …

Draft legislation has been introduced to Parliament which, if passed, will require debt management firms, that are paid to represent …

ASIC is aware of a recent increase in imposter bond investment offers targeting investors in Australia and overseas.  The scam …

A former financial adviser, Keith Flowers (formerly known as Nigel Flowers), has been charged with and has pleaded guilty to …

ASIC has banned a financial adviser with nearly 25 years of experience in the industry, Jim Pavlidis, from providing financial …

The significant reforms to Australia’s insolvency regime that we reported on in our December T-REX, came into effect on 1 …

ASIC has amended its Licensing Kit and online AFSL application form to address the new authorisations in relation to claims …

On 23 December 2020, IOSCO’s Retail Market Conduct Task Force (RMCTF) published the Retail Market Conduct Task Force …

ASIC has introduced a new legislative instrument, ASIC Corporations (AFCA Regulatory Requirement) Instrument 2021/0002, to the definition of “representative” …

ASIC has commenced legal proceedings in the Federal Court against Squirrel Superannuation Services Pty Ltd (Squirrel) for making …

The Federal Court has considered the new whistleblower laws in a recent case, Alexiou v Australia and New Zealand Banking …

In December 2019, ASIC replaced the Banking Code of Practice with a revised version which applied from 1 March 2020. …

Nearly two years after the final Royal Commission Report was received, the Governor General signed the Financial Sector Reform (Hayne …

Welcome to 2021.  We are hopeful that it will be a less tumultuous year, insofar as pandemics are concerned, but …