Briefs: Mortgage House censured and CBA aims at quantum leap 03 December 2014 4:57PM Banking Day staff Briefs, The Australian Securities and Investments Commission said it censured Mortgage House, a non-bank lender, after it inappropriately used an ASIC trademark to sell one of its products it named 'MoneySmart'. ASIC said that MoneySmart was their registered trademark, which appears in the name of ASIC's MoneySmart, a dedicated website for consumers and retail investors. ASIC said using the name could have misled borrowers to believe the company was in some way endorsed by ASIC or ASIC's MoneySmart. ASIC said that Mortgage House admitted that it did not check if MoneySmart was trademarked and said it provided ASIC with an undertaking to rectify its advertising compliance processes. Commonwealth Bank of Australia will provide A$5 million in funding to help Australian-based ARC Centre for Quantum Computation and Communication Technology in a quest to build a "silicon based quantum computer" and will also assist the centre to buy and maintain the necessary equipment and conduct experiments for research and development, the bank said yesterday.