ASIC appoints new NSW Regional Commissioner
16 June 2004
Jennifer O’Donnell has been appointed as ASIC’s NSW Regional Commissioner…
Regulatory & Government
ASIC winds up island insurer
08 June 2004
An unauthorised foreign insurer ceased trading last week when ASIC obtained orders from the Federal Court to wind up its business…
Melbourne adviser banned
08 June 2004
ASIC has banned Melbourne financial adviser Lance Pitt from providing financial services for two years…
ACCC picks key men
01 June 2004
Australian Competition and Consumer Commission Chairman Graeme Samuel has bolstered the commission’s firepower with the appointment of two commissioners…
ASIC warns on minimum training standards
01 June 2004
ASIC has warned Australian financial services licensees to ensure that training they are giving their representatives complies with the rules…
Sydney adviser faces 21 charges
01 June 2004
A former director of Sydney-based Macquarie Towns Financial Services is facing 21 charges of dishonest misconduct…
Former SA broker sentenced
25 May 2004
Former AC Insurance Brokers Director Desmond Allomes has been given a suspended 27-month jail term on three charges of breaching the Insurance Act…
Lucy gets ASIC’s top job
18 May 2004
After months of indecision, the Government has finally given Jeffrey Lucy a three-year term as Chairman of the Australian Securities and Investments Commission…
Regulators win in the Budget
18 May 2004
The industry regulators were big winners in last week’s Federal Budget…
We don’t know it all, says APRA boss
18 May 2004
APRA Chairman John Laker wants submissions on the regulator’s proposed changes to corporate governance standards, admitting the body does not have all the answers…
Costello calls competition inquiry
11 May 2004
Treasurer Peter Costello has given the insurance industry a chance to again state its case against state monopolies by announcing a new inquiry into national competition policy…
ASIC puts the show on the road
11 May 2004
Just a few months after the Financial Services Reform Act came into operation, ASIC is forming a roadshow to tell the industry what’s next…
ASIC accuses former broker
11 May 2004
Former Tasmanian insurance broker Robin Brunetti has appeared in Burnie Magistrates Court on one charge of carrying on an unregistered broking business…
FSL reform could save thousands
04 May 2004
There’s plenty of pressure being exerted to keep a NSW parliamentary committee examining fire services levy issue on its toes…
Compliance order for planning business
04 May 2004
ASIC’s post-FSRA compliance audits are biting, with a Victorian financial advisory firm ordered to undergo four compliance audits in the next 18 months…
HIH director bailed to June
27 April 2004
Charles Abbott, former Deputy Chairman of failed insurance giant HIH, appeared in a Sydney court last week charged with dishonestly misusing his position as a company director…
Conroy vows to change the FSRA
20 April 2004
Consumers can’t get the full benefits of the Financial Services Reform Act because it has been “captured by lawyers who are more interested in the legal safeguards”…
ASIC bids to boost youths’ financial literacy
20 April 2004
ASIC’s latest attempt to improve children’s understanding of the financial world is targeted at high school students…
Whitlam case closed
06 April 2004
The High Court has refused to grant the Australian Securities and Investments Commission special leave to appeal against a judgement of the NSW Court of Appeal…
ASIC bids to stop door-to-door sales
06 April 2004
ASIC has obtained orders in the Federal Court to stop the selling of two death benefit funds to indigenous communities…