D’Aloisio joins ASIC front line
28 November 2006
Former Australian Stock Exchange MD Tony D’Aloisio has taken up his position as an ASIC commissioner…
Regulatory & Government
ASIC consults on AFS requirements
28 November 2006
It’s only a week since the Federal Government released its proposals on simplifying regulation for corporate and financial services…
Government further simplifies regulation
21 November 2006
The Federal Government has released 35 proposals relating to corporate and financial services in a bid to further simplify the way the industry is regulated…
Proposals get mostly positive response
21 November 2006
The industry has had a mixed, but mostly positive, response to the Federal Government’s new regulation refinement proposals…
‘Minnow’ pleads guilty
21 November 2006
With most of the big fish already serving time, it’s the little guys of HIH – and its controversial acquisition FAI – now facing court over the corporate collapse…
FICS heads to court
14 November 2006
The Financial Industry Complaints Service is hoping to have its responsibilities and jurisdiction over matters related to the Westpoint collapse clarified once and for all…
APRA staff retention concerns are history
14 November 2006
The Australian Prudential Regulation Authority, which had been experiencing staff retention difficulties, says a recruitment drive for senior managers with at least 10 years’ experience…
Gen Re report goes to APRA
14 November 2006
A report on General Reinsurance Australia has been given to APRA after an 18-month investigation…
Rotation under the microscope
14 November 2006
The Australian Securities and Investments Commission is warning audit firms to ensure their rotation schedules are in order…
Advice firm barred
14 November 2006
A South Australian financial advice business will be re-reading the rules on statements of advice after losing its financial services licence last week…
Builders’ warranty provider guilty
14 November 2006
A former Melbourne-based builders' warranty provider will be sentenced on Friday after pleading guilty to carrying on a financial services business without the necessary licence…
ASIC flexes its muscles
07 November 2006
ASIC has wrapped up enforcement proceedings against a record 352 people or companies this year and also managed several high-profile investigations, including HIH Insurance…
Former Zurich CFO disqualified
07 November 2006
The Australian Prudential Regulation Authority has disqualified former Zurich Australian Insurance CFO John Stanbridge from being or acting as a director or senior manager…
Builders' warranty provider pleads guilty
07 November 2006
Former Melbourne-based builders' warranty provider James Scott has pleaded guilty in the County Court to carrying on a financial services business without holding…
Anti-money laundering bill enters Parliament
07 November 2006
After a long period of consultation and review, the Federal Government has introduced its Anti-Money Laundering and Counter-Terrorism Funding (AML-CTF) Bill into Parliament…
HIH’s Kelly gets 500 hours
07 November 2006
Former HIH Insurance Assistant Secretary Robert Kelly has escaped a jail sentence – one of the few executives to be given a community service penalty over his role in the collapse…
Insurance reps urged to identify licensees
31 October 2006
The Australian Securities and Investments Commission says authorised representatives selling insurance must identify their Australian financial services licensees in business documents…
Hold on to your staff, APRA told
31 October 2006
The Australian Prudential Regulation Authority could do a better job in retaining its staff, according to the International Monetary Fund…
Insurance implications in trade practices reform
24 October 2006
After a long wait, reforms to the Trade Practices Act have been passed by the Senate…
ASIC to enforce US law too
24 October 2006
The investment watchdog may soon be inspecting local companies on behalf of US regulators…