Australian Securities and Investments Commission News and Regulatory Updates
ASIC-backed court order puts First Mutual private equity scheme into liquidation
Australia's corporate regulator is moving to secure remaining investor funds after the Federal Court orders First Mutual Private Equity Pty Ltd and its unregistered managed investment scheme to be ...
ASIC seeks to wind up Capital Guard over investor fund concerns
Australian regulators are escalating action against Capital Guard as concerns deepen over the company’s treatment of client money and the existence of some bond investments it marketed. The case ...
ASIC bars Queensland director from managing companies for five years
Australia's corporate regulator is disqualifying Queensland director David Shane Fanning from managing corporations for five years after linking him to the failure of four companies between 2020 ...
ASX ordered to pay $20.5 million penalty over CHESS replacement disclosure
Australia's market operator faces a substantial court-imposed sanction after admitting it misled investors about a project tied to core financial infrastructure. The Federal Court also orders ASX ...
ASIC brings first criminal creditor-defeating charges against NSW restaurateur
Australia's corporate regulator has charged a New South Wales restaurateur over alleged conduct tied to the sale proceeds of a liquidated restaurant business. The case marks ASIC's first criminal ...
Mercer Super faces $10.3 million penalty over ASIC reporting failures
Australia’s corporate regulator has secured a Federal Court order requiring Mercer Super to pay $10.3 million over long-running failures in its breach reporting systems. The ruling covers ...
ASIC sues former Keystone Asset Management directors over alleged Shield fund failures
Australian regulator ASIC is pursuing former Keystone Asset Management directors and compliance committee members over alleged governance and compliance failures tied to the Shield Master Fund. ...
ASIC accepts auditor registration cancellation after independence concerns
Australia's corporate audit oversight is under scrutiny after the securities regulator accepts an application to cancel the registration of company auditor John Gordon Owenell. The move follows ...
ASIC gives crypto firms more time to secure AFS licences
Australia’s financial regulator has given crypto companies more time to meet new licensing requirements. The Australian Securities and Investments Commission extended its no-action position ...
ASIC flags car loan fee and distribution risks in Australia
Australia's corporate regulator is pressing car finance providers to tighten oversight of how loans are sold and serviced after a review found risks to borrowers across fees, hardship handling and ...
