Australian Securities and Investments Commission News and Regulatory Updates
ASIC court action finds former Youpla directors breached duties in funeral insurance case
Australian regulators are advancing legal action over the collapse of Youpla, the funeral insurer formerly known as the Aboriginal Community Benefit Fund. The case centers on governance failures ...
ASIC sues Falcon Capital directors over alleged First Guardian governance failures
Australia's corporate regulator is taking court action over the handling of retirement savings invested through the First Guardian Master Fund. The case alleges more than $600 million from over ...
ASIC consults on market operators' financial resource rules in Australia
Australia's corporate regulator is seeking to tighten guidance for licensed market operators as it pushes to strengthen the resilience of the country's capital markets. The consultation focuses on ...
Abbey Labs seeks higher florfenicol dose for Tasmanian salmon farms
Tasmania's salmon sector is facing renewed regulatory scrutiny as applications move forward to expand and intensify the use of florfenicol in farmed fish. The proposals come after the antibiotic's ...
First Guardian recovery prospects remain limited as liquidators recoup small fraction of losses
First Guardian investors face mounting uncertainty over recoveries from the collapsed investment scheme, with liquidators still unable to say how much money, if any, will be returned. The ...
Australian agencies probe VIQ offshore data risk as scrutiny widens
Concerns over whether sensitive Australian government information was processed overseas are expanding after documents show the Australian Taxation Office and the Australian Securities and ...
ASIC flags persistent reporting and audit quality gaps in Australia
Australian corporate reporting oversight is tightening as the securities regulator says core weaknesses in financial statements and audit work continue to undermine investor confidence. The latest ...
Australia prediction markets face licensing hurdle under gambling rules
Australia has yet to receive any formal bid from a prediction market operator seeking to enter the country under its financial services regime. The absence of applications leaves untested whether ...
Australia regulator probes bankers over Firmus IPO marketing
Australia's corporate watchdog is examining how bankers marketed Nvidia-backed data centre operator Firmus ahead of its abandoned share sale. The scrutiny follows the company's decision on October ...
ASIC takeover law case results in $10,000 fine for Palmer Leisure Coolum
A long-running takeover matter tied to a 2012 bid for The President’s Club Ltd has now resulted in a court penalty for Palmer Leisure Coolum Pty Ltd. The Queensland court outcome follows a ...
ASIC report highlights low asset recoveries in Australia liquidations
Australia’s corporate regulator is releasing new insolvency data that gives a more detailed view of how court and creditors’ voluntary liquidations are working across the market. The review ...
DTCC flags rising regulatory focus on data quality in derivatives reporting
Regulatory reporting programs are entering a new phase as supervisors increasingly test whether submitted data is reliable, not just whether deadlines are met. A recent A$2 million penalty imposed ...
ASIC halts Murdoch Clarke mortgage fund offers over disclosure concerns
Australia's corporate regulator has moved to restrict fundraising by a Tasmania-focused mortgage investment vehicle after identifying potential disclosure deficiencies in its product documents. ...
ASIC panel cancels NSW adviser registration for two and a half years
Australia's financial adviser oversight regime is imposing a lengthy ban on a New South Wales adviser over conduct tied to client reviews and ongoing fee arrangements. The restriction starts on 23 ...
ASIC seeks appeal over Rex directors ruling in NSW disclosure case
Australia's corporate regulator is moving to extend court action tied to Regional Express Holdings' 2023 profit forecast after a partial Supreme Court ruling in June 2026. The proposed appeal ...
ASIC accepts auditor registration cancellations after L Audit review
Australia's corporate regulator has accepted the cancellation of Benjamin Alfred Peters' registration as a company auditor after examining his role in an audit of a large proprietary company. The ...
ASX maintains lower payout ratio as chair says exchange reaches turning point
After years of trading outages, settlement delays and a failed technology overhaul, the Australian Securities Exchange says it is entering a new phase in its regulatory recovery. The company is ...
Walker Stores credit licence cancelled after CSLR compensation payments
Australia's corporate regulator has revoked Walker Stores Pty Ltd's Australian credit licence after the Compensation Scheme of Last Resort compensated two complainants tied to unpaid AFCA ...
ASIC cancels NSW adviser Kyle Clifford Frost's AFS licence
Australia's corporate regulator has revoked the financial services licence of New South Wales adviser Kyle Clifford Frost, tightening enforcement against breaches of licensee obligations. The ...
Visy and Pratt group companies pay $4.1 million over late financial report filings
Australia's corporate regulator has imposed more than $4.1 million in infringement notice payments on companies within the Visy and Pratt group over delayed financial reporting. The action covers ...
Australian regulator probes MGF Capital over authorised representative losses
Australian investors are questioning how an investment scheme operating under a licensed financial structure allegedly goes undetected after losses that may reach $138 million. The scrutiny ...
