... Whether it's the US, Germany, or the UK, stock markets have seen a public listing plummet in recent decades, and while ASIC says it's not yet a trend here, the ASX delisted 156 in the FY2023-2024. "There's a huge world of private companies ...
... channels in regulation and legislation. Regulations are created by the Australian Securities and Investments Commission (ASIC), while legislation is formed by politicians in Canberra. Both focus on protecting consumers and their investments. In November ...
A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees, including Australian Retirement Trust, Avanteos (Colonial First ...
... leaderboard. ING followed in second place, with Macquarie Bank ranked third. Car finance goes under the microscope Money watchdog ASIC is launching a review into the car finance sector with the aim of driving better consumer outcomes. In particular ...
... misleading - which should have been the responsibility of senior management. Further, when confronted with the allegations by ASIC, Active Super "ran a host of contrived arguments in its defence at trial." Some $3 million of the $10.5 million penalty ...
... expensive plans can be up to $800 annually. Payday lenders pushing borrowers over the edge A new report by money watchdog ASIC shows predatory lenders are pushing battlers to take on bigger loans that create more debt and incur higher fees. ASIC found ...
Australia's largest super fund is being sued by ASIC over the delayed processing of close to 7000 death benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper ...
... expand the investment pool even further, creating an even greater opportunity to put more of that money to work at home. Even ASIC Chair Joe Longo has raised concerns about the shrinking number of companies listing on the ASX. If more super stayed local ...
Fronting the Senate Economics Committee, the Australian Securities and Investments Commission (ASIC) confirmed internal communications between staff at AustralianSuper played a significant role in shaping its case against the super fund. Senator Andrew ...
ASIC is setting its sights on the private markets sector, flagging it will pay particular attention to the surging popularity of opaque private debt investments. The regulator lays out its concerns in discussion paper, Australia's evolving capital ...
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