ASIC

• Ian Rogers

1derful not only lives to try and fight another day, it is a literal Lazarus. read more

• Ian Rogers

Justice Ashley Black’s scathing judgement in the 1derful case lets the defendants, Fletch Capital, Craig Seymour and Michael Birch off the hook in one way. read more

• Ian Rogers

Without trust as a foundation, the tower of business comes toppling down. read more

• Bernard Kellerman

The Federal Court has found Firstmac Limited breached provisions by failing to take reasonable steps that would have resulted in one of its investment products being consistent with its target market.. read more

• Ian Rogers

ASIC has approved a new version of the Australian Banking Association’s Banking Code of Practice. The new Code won’t commence until the end of February 2025. read more

• Ian Rogers

The Federal Court has found Cigno Australia Pty Ltd and BSF Solutions Pty Ltd engaged in credit activity without an Australian Credit licence and charged consumers prohibited fees. read more

• John Kavanagh

Whether ‘racist’ or reasonable, ASIC’s final stop order preventing Urban Rampage from signing up customers to Centrepay credit arrangements is a landmark use of its Design and Distribution Obligation.. read more

• Ian Rogers

Efforts by banks, telcos and others to combat the scourge of scams are bearing fruit. The Targeting Scams report reveals a 13 per cent decline in reported scam losses to $2.7 billion over the year to.. read more

• John Kavanagh

ASIC chief executive Warren Day is leaving the regulator to join the Commonwealth DPP. read more

• Ian Rogers

In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more

• John Kavanagh

Finance company Solvar is changing its credit risk profile, raising the minimum credit acceptance criteria for new customers and focusing growth on its prime and low-risk Australian loan book. read more

• John Kavanagh

ASIC has warned lenders it will focus on compliance with financial hardship obligations in the year ahead and is ready to take action through the courts. read more

• George Lekakis

Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more

• John Kavanagh

Lenders’ compliance with their hardship obligations will come under greater scrutiny next year after ASIC added it to its list of enforcement priorities. read more

• John Kavanagh

For first time ASIC has opened consultation on an industry code before approving it, and there is plenty for interested parties to get their teeth into. read more

• John Kavanagh

There are gaps in Australian financial institutions’ management of cyber security risk, with most companies operating on a reactive rather than proactive basis, a new survey has found. read more

• George Lekakis

Commonwealth Bank is investigating another compliance breach at its online stockbroking arm, Commonwealth Securities. read more

• George Lekakis

Lower tax expenses and a dramatic surge in interest-related revenue helped payments services provider Indue Limited to a slightly improved bottom line performance last year. read more

• John Kavanagh

APRA and ASIC have issued an information package setting out their approach to their joint administration of the Financial Accountability Regime and, for authorised deposit-taking institutions, detail.. read more

• John Kavanagh

ASIC has commenced proceedings against Cigno Australia and its associate BSF Solutions, alleging they provided credit without a licence. It was only three months ago that ASIC won a case against a pai.. read more