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The Latest Breaking News from ASIC

RAMS franchisees hit back over Westpac 'blame shifting'

Franchisees in a Westpac subsidiary accused of misconduct have challenged the findings and the bank's resulting termination of agreements.

AAP

Coronial investigation into death of Kumanjayi White on hold during criminal investigation – as it happened

This blog is now closed

The Guardian - AU

10 Best MT5 Forex Brokers in 2025

For Forex traders, which trading platform they use is one of the most important decisions they can make, and most traders opt for MetaTrader 5 (MT5).

inkl

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Disability services provider which collapsed with $500,000 tax debt investigated by NDIS regulator

Exclusive: Residents asked to sign contracts with a new company operated by a relative of Core & Capacity’s director after it was declared insolvent

The Guardian - AU

'Hubris': financial giant in hot water over breaches

Macquarie's brokering arm is being taken to court by the financial regulator for allegedly failing to report up to 1.5 billion short sales over 14 years.

AAP

Insurer ordered to pay $750k for misleading contracts

HCF has been fined after a judge found the company misled customers with unfair life insurance contract terms.

AAP

'Uninhabitable, mouldy' home prompts insurance lawsuit

The national corporate regulator is taking a leading insurer to court over delays to a storm damage claim that has left a home mouldy and requiring demolition.

AAP

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New Liberal candidate for Whitlam claimed ‘Marxist brainwashing’ happening at Australian schools

Nathaniel Smith, previously a NSW state MP, is a member of the party’s religious conservative faction

The Guardian - AU

‘Behind every claim is a grieving family’. Death benefits inquiry demands change but lacks penalties

When Lisa’s husband passed away unexpectedly, she assumed accessing his superannuation death benefit would be straightforward. Instead, she spent months navigating a bureaucratic maze.

The Conversation

Super failings laid bare after 'deep grief, suffering'

The peak body for super funds has apologised after a financial watchdog report revealed delays were rife in paying out death benefits to bereaved families.

AAP

Super fund took more than 500 days to approve death benefit for grieving widow, Asic says

Landmark report makes 34 recommendations to overhaul the superannuation sector, citing delays, poor customer service and ineffective procedures

The Guardian - AU

Dishonesty charges dropped against childcare executive

A woman previously accused by ASIC of dishonesty during a takeover bid between two early childhood education companies has had all charges against her dropped.

AAP

ASIC puts payday lenders on notice they may be breaching the law

Late last week, corporate watchdog the Australian Securities and Investments Commission (ASIC) issued a warning to lenders that provide high-fee small-amount loans – known as payday lenders – that they may be breaching consumer-lending laws.

The Conversation

Whatever happens to Star, the age of unfettered gambling revenue for casinos may have ended

Casino operator Star Entertainment has been under financial pressure for some time. The company’s share price has tanked, and the business, with its three casino properties, has been bleeding money.

The Conversation

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AAP

Major super fund sued over tardy death benefit payouts

AustralianSuper is the latest major super fund to face legal action for allegedly failing to pay out benefits to families of dead members in a timely manner.

Pedestrian.tv

How To Lodge Your Insurance Claim If You’ve Been Impacted By Ex-Cyclone Alfred

Over 9,200 claims have been lodged so far, with thousands more expected in the coming days and weeks.

AAP

Brother of Olympian 'Raygun' in court over scam charge

The financial regulator has accused Brendan Gunn, brother of Olympic breakdancer Rachael "Raygun" Gunn, of allegedly dealing with the proceeds of crime.

I ran the Seville marathon with ASICS – here’s 5 things I learnt from my first marathon

Everything I learnt from my first marathon

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AAP

Allianz fined millions over misleading travel insurance

Insurance giant Allianz Australia has admitted misleading consumers about how much could be paid out under its travel policies.

The Conversation

Your super fund is invested in private markets. What are they and why has ASIC raised concerns?

If you are a member of a super fund, some of your long-term savings are probably invested in private markets.

The Conversation

Multiple warnings and huge fines are not stopping super funds, insurers and banks overcharging customers

Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers.

AAP

'Can't work in the dark': ASIC calls out private market

Financial watchdog ASIC is concerned about a lack of transparency in the growing private equity and private credit markets, as well as a slowdown in IPOs.

The Conversation

‘Multiple red flags’: ASIC’s court case against Star executives shows the risks of complacency

This week the corporate regulator is taking on executives and directors of Star Entertainment in the Federal Court, in a landmark case for Australian corporate governance.

AAP

'No-brainer' home ownership boost for HECS debt Aussies

Australians saddled with student debt who want to enter the housing market will be given a helping hand, under changes to lending requirements.

The Conversation

Thousands of Australian pets may soon have ‘useless’ microchips. It’s a symptom of a bigger problem

Late last year, rumours swirled online that HomeSafeID, a private Australian pet microchip registry, had stopped operating.

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