AustralianSuper hit with $27m fine as ASIC, court warning other fund trustees to follow the rules
ASIC deputy chair Sarah Court said the $27m fine reflected the severity of misconduct by AustralianSuper, which had “betrayed ...
Independent Financial Adviser1d
ASIC proposes relief from ‘excessively burdensome’ breach reporting
The corporate regulator has put forward changes to the reportable situations regime that would reduce the burden on licensees ...
AustralianSuper fined $27m by ASIC for charging duplicate fees to members with multiple accounts over decade-long period
The nation’s largest super fund has been fined $27 million after the Federal Court found it charged duplicate fees to tens of thousands of its customers over the span of a decade.
JD Supra1d
Australia: ASIC Prepares Guidance Following the Release of BNPL Regulations
On 5 February 2025, the Australian Government (via the Department of Treasury) released an exposure draft on the National Consumer Credit ...
Financial Standard2d
ASIC proposes further breach reporting relief
ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss.
ASIC had raised ‘increasing concerns’ about Rex with the government
Hours after Rex went into administration, the watchdog told Treasurer Jim Chalmers it was probing the airline for deceiving ...
ASIC says Star’s former board was ‘blind to questions of probity’
The regulator is suing the casino operator’s former directors, alleging they did not take enough care when dealing with the ...
‘Multiple red flags’: ASIC’s court case against Star executives shows the risks of complacency
Too often after corporate scandals, directors claim ignorance. The corporate regulator is arguing they should have asked more ...
Second former Star executive settles in midst of ASIC lawsuit
Greg Hawkins was the company’s chief casino officer and the court heard he agreed to a deal with a junket operator despite ...
Armed robbery in Revesby3d
ASIC Offers More Relief for Licensees Under Reporting Rules
ASIC is proposing additional relief to further assist Australian financial services and credit licensees comply with the ...
Energy Central2d
Wall Street Bitcoin Miner MARA Acquires Texas Wind Farm: Using ASIC Hardware
Street, has finalized its acquisition of a wind farm located in Hansford County, Texas. The facility has an interconnection ...
DHG Unveils Next-Generation ASIC Mining Chip to Enhance Global Hashrate Leasing Efficiency
Global leading hashrate leasing service provider DHG today announced the official development of a next-generation ASIC ...