Australia’s corporate watchdog is bearing down on private credit, warning pressure on property borrowers and refinancing markets is testing the reliability of fund valuations.
Ryan Johnson
With algorithms behind about 85 per cent of Australian equities trading, ASIC is beefing up safeguards against runaway systems, market manipulation and sudden price swings.
Savvy consumers might be getting less than they bargained for from price comparison websites, as the corporate watchdog sniffs out dodgy operators.
Adrian Black
The corporate watchdog is suing former Super Retail Group boss Anthony Heraghty for allegedly misleading the board and the market about the nature of his relationship with a senior executive at the retailer.
Cheyanne Enciso
Choosi’s “Compare. Choose. Apply.” pitch has been found to have misled Australians shopping for funeral and life insurance by a Federal Court after its TV ads aired more than 300,000 times.
Pellew, who founded once viral label Kooey before serving 18 months in Bandyup Prison over a cannabis conspiracy, must spend at least 21 months behind bars for the latest offences.
Former Beacon Minerals project manager Alexander McCulloch has been sentenced to 12 months’ imprisonment for insider trading over share tips that helped two mates pocket more than $177,000.
The corporate watchdog has cleared Mineral Resources founder Chris Ellison and board members over a series of scandals that rocked the miner in late 2024 and shaved billions of dollars off its market value.
Daniel Newell
ASIC found cash settlements in almost two-thirds of reviewed claims, with one offer raised only after a builder revealed its quote was 40 per cent below cost
Sarah Court has conceded some regulation may not justify its cost as ASIC vows to cut red tape for compliant businesses and hit misconduct earlier and harder.
Netwealth allowed more than 1300 Australians to invest $128.5 million in First Guardian before pulling the troubled fund from its platform, the Federal Court found on Thursday.
Trustees could be forced to repay failed investment losses while the government opens the door to a ‘new class’ of adviser through super funds and cracks down on dodgy lead generation practices.
Australians are being urged to treat online investment opportunities with extreme caution after the corporate cop warned of a rise in fake celebrity endorsements.
Advisers raiding client money and directors leaving creditors nursing losses were among the misconduct that saw ASIC ban or restrict scores of operators last financial year.
One in three small business directors do not understand the consequences of breaking company laws, exposing a dangerous knowledge gap among those legally responsible.
Tens of thousands of homeowners have unwittingly spent too much on their mortgage after some of the country’s biggest banks failed to properly link their offset accounts.
ASIC has begun examining internal complaints at the Big Four while warning registered auditors that misconduct could trigger disciplinary or civil action.
ASIC recorded its biggest enforcement year on the back of a damning catalogue of ugly behaviour by some of the nation’s largest financial institutions.
ASIC’s September deadline is putting crypto platforms under pressure and investors are being told to check what happens if one fails.
The super fund failed to report investigations into serious member issues, with the Federal Court finding the corporate watchdog’s oversight was seriously compromised.
The corporate watchdog said platform trustees failed members after repeated warnings, including one case involving a deceased adviser’s falsified signature.
The findings of a major report on car financing in Australia aren't pretty, leaving the industry body to make clear that customers must be treated fairly.
Staff Writers
ASIC rebuked after losing an appeal over pre-existing condition wording used by HCF Life, in a ruling that gives insurers a clearer line between misleading policy terms and unfair contract terms.
HSBC Australia has admitted it failed to protect customers from scams and agreed to pay $35 million in penalty after being hit with legal action by the corporate watchdog.
