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Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.

ASIC's harsh words to directors: 'It's not meant to be easy'

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
ASIC chair Joe Longo had some choice words for company directors who complain about keeping up with their regulatory obligations.

ACNC tightens screws on NFPs with complex corporate structures

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
The Australian Charities and Not-for-profits Commission (ACNC) announced it will focus on the misuse of complex corporate structures this year.

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The Australian Securities and Investments Commission (ASIC) has banned Brian Jacques Creigh from providing financial advice or being involved in a financial services business.

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The financial regulator said the absence of ASIC action should not be regarded as endorsement or agreement.

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
David Sipina, a Croydon local, who had a role at defunct investment manager Courtenay House, has pleaded guilty to carrying on a financial services business without a licence and dealing in the proceeds of crime.

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
The regulator found the adviser acted dishonestly and showed "serious incompetence and irresponsibility".

ASIC extends ETF class order

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
ASIC has released a new legislative instrument that extends relief to a broader class of quoted funds.

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
A new whitepaper from GSFM and Epoch Investment Partners outlines how policymakers should approach AI regulation.

ASIC ends legal battle: Provide Capital's appeal quashed

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
The Federal Court has dismissed an appeal by Provide Capital; it must now comply with a notice issued by ASIC to produce documents and pay the regulator's legal costs.