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ASIC

  • Insolvencies Set to Spike Further in 2025: Over 6,400 Cases Already Recorded
    Insolvencies Set to Spike Further in 2025: Over 6,400 Cases Already Recorded
    More businesses than ever are struggling to stay afloat across Australia, with only some light relief predicted in the new year.
    December 18, 2024BY Crystal-Rose Jones
  • Japanese Burger Chain Closes Remaining Australian Branches
    Japanese Burger Chain Closes Remaining Australian Branches
    'After much consideration, we have made the difficult decision to close all MOS Burger locations in Australia,' MOS ...
    August 27, 2024BY Cindy Li
  • 159-Year-Old Brewery in Voluntary Administration
    159-Year-Old Brewery in Voluntary Administration
    A leading retail expert says the ongoing story of struggling Australian business is a sign the economy is ...
    August 1, 2024BY Crystal-Rose Jones
  • Internet Bureaucrats Protect Us Against Everything Except Online Crime
    Internet Bureaucrats Protect Us Against Everything Except Online Crime
    Australians are particularly susceptible to online scams, despite having a full swathe of internet safety regulators.
    May 24, 2024BY Graham Young
  • Australian Lenders Failing to Assist Struggling Customers: ASIC
    Australian Lenders Failing to Assist Struggling Customers: ASIC
    Despite being required by law to have processes to assist customer who are in debt, banks have made ...
    May 19, 2024BY Rex Widerstrom
  • ASIC Bans Retailer From Centrepay for Targeting Vulnerable Indigenous Customers
    ASIC Bans Retailer From Centrepay for Targeting Vulnerable Indigenous Customers
    'ASIC's move is a throwback to the stolen generation,' Urban Rampage said in response to the ASIC ban.
    April 27, 2024BY Celene Ignacio
  • Government to Spend $100 Million Compensating Customers of Failed Funeral Insurer
    Government to Spend $100 Million Compensating Customers of Failed Funeral Insurer
    The company took money from Centrelink for 16 years; now that it has collapsed, the federal government will ...
    February 8, 2024BY Rex Widerstrom
  • Corporate Watchdog Plans to Target Shady Green Funds
    Corporate Watchdog Plans to Target Shady Green Funds
    ASIC chair Joe Longo said greenwashing remains a 'serious threat.'
    November 21, 2023BY Monica O’Shea
  • ANZ Group Found to Have Violated Disclosure Laws in $2.5 Billion Capital Raising
    ANZ Group Found to Have Violated Disclosure Laws in $2.5 Billion Capital Raising
    ANZ failed to disclose to the public that its underwriters purchased about one-third of its $2.5 billion institutional ...
    October 15, 2023BY Celene Ignacio
  • Duplicate Accounts Cost AustralianSuper Members $69 Million: ACCC
    Duplicate Accounts Cost AustralianSuper Members $69 Million: ACCC
    AustralianSuper, the country's largest superannuation fund, has been slapped with a Federal Court action after allegedly failing to ...
    September 8, 2023BY Celene Ignacio
  • ASIC Alleges AIG Misled Customers on Home Insurance Loyalty Discounts
    ASIC Alleges AIG Misled Customers on Home Insurance Loyalty Discounts
    The Australian Securities and Investments Commission (ASIC) launched civil penalty proceedings against two subsidiaries of Insurance Australia Group ...
    August 25, 2023BY Celene Ignacio
  • Illegal Algorithm Costs Insurance Australia $40 Million
    Illegal Algorithm Costs Insurance Australia $40 Million
    Australia's largest insurance company has been hit with the largest-ever penalty imposed by the courts against an insurer ...
    June 30, 2023BY AAP
  • Financial Institutions AMP and MLC Fined Millions for Breaching Customers’ Trust
    Financial Institutions AMP and MLC Fined Millions for Breaching Customers’ Trust
    Australia's Federal Court has issued AMP Group with a $24 million (US$16 million) fine for charging over 2000 ...
    May 21, 2023BY Lis Wang
  • Australian Companies to Be Forced to Reveal Green Credentials
    Australian Companies to Be Forced to Reveal Green Credentials
    Some of Australia's largest banking, insurance, and pension institutions have backed the government's move to force companies to ...
    December 13, 2022BY Victoria Kelly-Clark
  • Buy-Now-Pay-Later, Fast Cash Sector Warned by Australian Regulator
    Buy-Now-Pay-Later, Fast Cash Sector Warned by Australian Regulator
    Buy now, pay later, and fast cash providers are in the sights of the corporate regulator as households ...
    November 3, 2022BY AAP
  • Australian Financial Experts Welcome ASIC’s Warning to Unlicensed Financial Influencers
    Australian Financial Experts Welcome ASIC’s Warning to Unlicensed Financial Influencers
    Financial experts have welcomed the Australian Securities and Investments Commission's (ASIC) warning to social media financial influencers for ...
    March 22, 2022BY Marina Zhang
  • Australian Bank Fined $113 Million, Admits to Charging 11,000 Deceased Customers
    Australian Bank Fined $113 Million, Admits to Charging 11,000 Deceased Customers
    The Australian Securities and Investments Commission (ASIC) has launched six civil penalty proceedings against Westpac bank for multiple ...
    November 30, 2021BY Rebecca Zhu
  • ASIC Ends Criminal Case Against AMP
    ASIC Ends Criminal Case Against AMP
    Financial services group AMP will not face criminal prosecution three years after a banking royal commission found it ...
    July 15, 2021BY AAP
  • ASIC Server Hit by Cyber Security Breach
    ASIC Server Hit by Cyber Security Breach
    Australia's financial services watchdog has suffered a cybersecurity breach forcing it to halt credit applications. The Australian Securities ...
    January 26, 2021BY Epoch Times Sydney Staff and Daniel Y. Teng
  • Australian States On Watch for School Banking Programs Following ASIC’s Review
    Australian States On Watch for School Banking Programs Following ASIC’s Review
    The Australian Securities and Investment Commission (ASIC) has said there is no solid evidence showing that school banking ...
    December 20, 2020BY Sophia Jiang
  • ASIC Deputy Chair Daniel Crennan Resigns
    ASIC Deputy Chair Daniel Crennan Resigns
    The deputy chair of Australia's corporate regulator has quit after it was revealed he mistakenly claimed nearly $70,000 ...
    October 25, 2020BY Daniel Y. Teng
  • Australian ASIC Chairman Stands Aside Over Expenses
    Australian ASIC Chairman Stands Aside Over Expenses
    The chairman of the corporate watchdog ASIC is standing aside pending a review of expenses. Shipton was told ...
    October 22, 2020BY AAP
  • Australian Bank Fined $15 Million for Fraudulent Loan Scheme That Generated Billions in Revenue
    Australian Bank Fined $15 Million for Fraudulent Loan Scheme That Generated Billions in Revenue
    The National Australia Bank (NAB)has received a $15 million fine from the Federal Court for its 19-year home ...
    October 21, 2020BY Sophia Jiang
  • NAB Superannuation Providers to Pay $57 Million in Penalties
    NAB Superannuation Providers to Pay $57 Million in Penalties
    Two NAB-owned superannuation businesses have been ordered to pay $57.5 million in penalties after the Federal Court found ...
    September 14, 2020BY AAP
  • New Laws Give Class Action Claimants a Better Chance at Higher Compensation
    New Laws Give Class Action Claimants a Better Chance at Higher Compensation
    Treasurer Josh Frydenberg has tightened the screws on third-party litigation funders, introducing new laws to increase regulation and ...
    May 22, 2020BY Daniel Y. Teng
TOP NEWS
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    1hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    1hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    3hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    4hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
    4hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    8hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
  • US Bankruptcy Filings Increase 7 Percent Yearly
    9hr By Naveen Athrappully
    US Bankruptcy Filings Increase 7 Percent Yearly
  • How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
    10hr By Jacob Burg
    How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
  • Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
    16hr By Melanie Sun
    Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
  • Kentucky Derby Champion Golden Tempo Wins 2026 Belmont Stakes
    17hr By Ross Kelly
    Kentucky Derby Champion Golden Tempo Wins 2026 Belmont Stakes
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