ASIC guide to detail role
11 July 2006
In case you didn’t know… ASIC has stepped up its commitment to better regulation initiatives by launching a guide to how the regulator works…
Regulatory & Government
Cooper cools off at Cooma
11 July 2006
Brad Cooper has been shifted from Sydney to a southern NSW prison to serve out the remainder of his eight-year sentence for 13 crimes…
Assistant HIH secretary pleads guilty
11 July 2006
Another key executive is facing jail time over the collapse of HIH…
New charter to benefit ASIC and industry
04 July 2006
The financial services watchdog is looking to improve the way it regulates the businesses under its purview…
Turnbull sued over HIH
27 June 2006
He knew there was always a chance, but now he has the paper to prove it…
Trowbridge joins APRA
27 June 2006
Federal Treasurer Peter Costello has announced the appointment of industry veteran John Trowbridge to the three-member executive of the Australian Prudential Regulation Authority…
Another delay for compensation arrangements
27 June 2006
ASIC has delayed the introduction of laws that would compensate investors affected by an HIH or Westpoint-style collapse, saying the Federal Government…
Deceptive agent banned for life
27 June 2006
A Victorian insurance agent is facing a lifetime ban from providing financial services after ASIC found he acted dishonestly and deceptively…
ASIC issues eight-year ban
27 June 2006
A Sydney-based company director who sold insurance has been banned from managing corporations for eight years under action brought to the Federal Court by ASIC…
Anti-money laundering consultation postponed
20 June 2006
The second period for consultation on the draft anti-money laundering reform package – expected to begin in May – has been delayed a few weeks…
Tasmanian broker faces court
20 June 2006
A Tasmanian insurance broker has faced nine Australian Securities and Investments Commission charges in relation to dishonest conduct and failure to disclose fees and charges…
Broker out for life
20 June 2006
A Melbourne broker has received a lifetime ban from providing financial services after allegedly lodging a false loan application and creating false insurance invoices…
Commissions offside with Treasury
14 June 2006
The Federal Government says moving away from commission-based fee structures will have long-term benefits for consumers and the financial advice industry…
States cutting workers’ comp rates
06 June 2006
Victoria and NSW are cutting their workers’ compensation premiums, with NSW claiming a 15% cut in the past six months and Victoria announcing a 10% cut from July 1…
Former FAI man pleads guilty
06 June 2006
Former FAI General Insurance Financial Controller Tony Boulden has pleaded guilty to breaching the Corporations Law…
Insurers face global regulation
06 June 2006
Australian prudential regulation should be in line with international accounting standards by the end of the year, the industry watchdog says…
Victorian banned for life
06 June 2006
A Victorian financial adviser has been stripped of his licence after fraudulently obtaining loans for insurance premiums…
That’s it for conflict, says Cooper
30 May 2006
Regulation is often viewed as a four-letter word in the financial services industry, but the Australian Securities and Investments Commission has some good news…
ASIC still has teeth: Lucy
30 May 2006
ASIC has hit out at suggestions it is a toothless tiger that avoids going after the big fish of corporate Australia…
Two face trial over insurance allegations
30 May 2006
Two Victorian men who allegedly distributed builders’ warranty insurance for projects valued at more than $100 million have been committed to stand trial in the Victorian County Court…