Advisers face up to ASIC action
25 March 2003
ASIC has taken action against two South Australians who have been accused of irregularities in their dealings with customers…
Regulatory & Government
APRA accepts enforceable undertaking
25 March 2003
APRA has accepted an enforceable undertaking from Strategic Capital Superannuation Services, a Perth-based trustee of Strategic Capital Superannuation Fund…
FSRA dollar-chasers
18 March 2003
With less than 12 months until the FSRA is up and running, insurers and brokers are so concerned about completing so-called “wordy” licensing agreements…
Majority of providers yet to apply for licence
18 March 2003
With less than 12 months until the FSRA comes into play, more than three-quarters of Australia’s financial service providers haven’t even thought about applying for licences…
Now that we have your attention – ASIC speaks
11 March 2003
Ian Johnston, ASIC’s Executive Director of Financial Services Regulation, says the recent “ASIC Speaks” seminars around Australia were a big success, raising broker awareness…
APRA bans super trustees
11 March 2003
APRA has disqualified two trustees of failed Melbourne-based Colors Superannuation Fund…
APRA to compile report on unauthorised foreign insurers
04 March 2003
Nobody really likes unauthorised foreign insurers, but that doesn’t mean they’re not popular with brokers…
Maine Insurance – ASIC’s warning
04 March 2003
ASIC has warned people who arranged insurance policies though Maine Insurance in Guildford in central Victoria to make sure they really have insurance…
ASIC speaks loud and clear: get moving!
25 February 2003
ASIC’s whistle-stop “ASIC Speaks” tour of Australia is getting the message through: get your licence applications in by June, or risk missing out…
FSR advice service expanded
25 February 2003
While the instructions may be clear from ASIC, there has been concern among brokers that there’s still plenty of fog about when it comes to the licensing application details…
NIBA, IFSA welcome CGT move
25 February 2003
The announcement of capital gains tax roll-over relief for intermediaries has been welcomed by NIBA and IFSA…
ASIC keeps a close eye on product disclosure
18 February 2003
ASIC’s surveillance program of Product Disclosure Statements has produced some interesting feedback for providers of financial products…
UMP can pay its way with taxes
18 February 2003
The Australian Prudential Regulation Authority says the potential $43 million tax liability of United Medical Protection (UMP) will not affect the company’s future…
ASIC adds three more to the HIH list
11 February 2003
The Australian Securities and Investments Commission has referred the names of three more people to the Director of Public Prosecutions over the HIH collapse…
ASIC swoops on landlord product
11 February 2003
A “landlord protection plan” run by a Brisbane debt recovery specialist has landed it in hot water, with the Australian Securities and Investments Commission and Australian Prudential Regulation Authority declaring it is an insurance product and the company…
Brokers restrained, ASIC goes for liquidation
11 February 2003
The NSW Supreme Court has permanently restrained Sydney companies Blundell & Associates Pty Ltd and Blundell Coleman Insurance Brokers Pty Ltd from carrying on…
Auditor disqualified
11 February 2003
The Australian Prudential Regulation Authority has advised that Melbourne auditor Neil Curwood has been disqualified from being an auditor of superannuation entities…
ASIC project to halt internet scammers
11 February 2003
The Australian Securities and Investments Commission is working on Australia’s largest and most advanced language technology research project in a bid to stop rip-off artists operating on the internet…
ASIC updates PS146
04 February 2003
While Sunrise Exchange News was in recess, ASIC updated Policy Statement 146, the vital guidelines on training for financial products advisers…
All change: the FSRA arrives
17 December 2002
March 11 marked the beginning of a new era in the Australian financial services industry…