The Latest Breaking News from ASIC

Katy Gallagher and Stuart Robert call for investigation into Greywolf Resources on Q+A, after Aussies lose millions

The Shadow Assistant Treasurer joins calls for ASIC to look into Greywolf Resources, after dozens of Australians lose their hard-earned savings by investing in the purported mining exploration business.

ABC News · Sep 2, 2022

Alan Kohler: To reform financial advice, start again

The regulation of financial advice in Australia has been a disaster, swinging from not enough to too much of the wrong sort. We need a new copper.

The New Daily · Aug 31, 2022

Gas giant Santos accused of 'greenwashing' clean energy claims, in Federal Court case

One of Australia's largest oil and gas companies is being taken to court over claims of 'greenwashing' its clean energy credentials.

ABC News · Aug 30, 2022

How 'bad credit' lender Cigno has dodged ASIC's grasp

Cigno is exactly the sort of business the Australian Securities and Investments Commission had in mind when it asked for stronger powers to ban the sale of harmful financial products.

The Conversation · Aug 4, 2022

'Greedy and evil' payday lender Cigno's game of cat and mouse with ASIC continues

ASIC is investigating whether a third lending model set up by "predatory" payday lender Cigno is legal, while the company takes its fight to be exempt from credit laws to the High Court.

ABC News · Jul 25, 2022

Labor pledges $4m for Aboriginal families affected by Youpla funeral fund collapse

The emergency relief package for families struggling to pay for burials includes a payout for expenses equal to the one they were promised by the disgraced insurer

The Guardian - AU · Jul 24, 2022

Youpla funeral insurance founder’s multimillion-dollar yacht arrives in Vanuatu

The company founded by Ron Pattenden collapsed owing millions in unpaid policies to thousands of low-income Aboriginal families

The Guardian - AU · Jul 20, 2022

New data shows disadvantaged towns paid high price for failed funeral insurer Youpla

New data shows that when funeral insurance company Youpla went into liquidation in March, some of Australia's most disadvantaged towns paid the heaviest price.

ABC News · Jul 13, 2022

Albanese government to force super choice funds to provide performance dashboard

Exclusive: Financial services minister Stephen Jones wants complex funds to provide the same data already required of simpler funds

The Guardian - AU · Jun 18, 2022

Funeral insurer Youpla 'grew and grew' off welfare payments, then collapsed

In 2013, the government was warned that allowing funeral insurers to access Centrelink payments could end badly for customers. Almost a decade later, it did.

ABC News · Jun 15, 2022