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ASIC
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, 2024
BY
Crystal-Rose Jones
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, 2024
BY
Cindy Li
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, 2024
BY
Crystal-Rose Jones
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, 2024
BY
Graham Young
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, 2024
BY
Rex Widerstrom
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, 2024
BY
Celene Ignacio
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, 2024
BY
Rex Widerstrom
Corporate Watchdog Plans to Target Shady Green Funds
ASIC chair Joe Longo said greenwashing remains a 'serious threat.'
November 21, 2023
BY
Monica O’Shea
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, 2023
BY
Celene Ignacio
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, 2023
BY
Celene Ignacio
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, 2023
BY
Celene Ignacio
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, 2023
BY
AAP
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, 2023
BY
Lis Wang
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, 2022
BY
Victoria Kelly-Clark
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, 2022
BY
AAP
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, 2022
BY
Marina Zhang
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, 2021
BY
Rebecca Zhu
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, 2021
BY
AAP
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, 2021
BY
Epoch Times Sydney Staff
and
Daniel Y. Teng
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, 2020
BY
Sophia Jiang
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, 2020
BY
Daniel Y. Teng
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, 2020
BY
AAP
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, 2020
BY
Sophia Jiang
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, 2020
BY
AAP
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, 2020
BY
Daniel Y. Teng
TOP NEWS
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
1hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
1hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
3hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
4hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
4hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
8hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
9hr
By
Naveen Athrappully
How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
10hr
By
Jacob Burg
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
16hr
By
Melanie Sun
Kentucky Derby Champion Golden Tempo Wins 2026 Belmont Stakes
17hr
By
Ross Kelly