ASIC Takes Action Against Telstra Super in First Proceeding Under its New Regime
Original media release by ASIC (6/11/2023). ASIC has commenced civil penalty proceedings in the Federal Court alleging Telstra Super failed to comply with internal dispute resolution requirements....
View ArticleStrong Consumer Voice for Superannuation Sector Announced
Original media release from the Hon. Stephen Jones MP, Assistant Treasurer and Minister for Financial Services (20/12/2023). The Albanese Government is strengthening the superannuation system to...
View ArticleOmbudsman Warns of “Unsustainable” Increase as AFCA sees a Record 100,000...
Original media release and data below, including the note to editors, is from the Australian Financial Complaints Authority (AFCA) (9/01/2024). Australia’s financial dispute resolution scheme has for...
View ArticleASIC Releases Summary for Indigenous Financial Services Framework Workshop
Original news release from ASIC (31/01/2024). ASIC has published a summary document from a 30 November 2023 virtual workshop which focussed on building an understanding of identification verification...
View ArticleASIC Calls on Industry to Address Issues and Improve Oversight on Choice...
Original media release from ASIC (21/02/2024). An ASIC review has called out the risk to retirement outcomes for Australians, of holding their superannuation in persistently underperforming options,...
View ArticleASIC Steps Up Surveillance and Website Takedowns to Shut Down Scams
Original media release from ASIC (4/03/2024). New data has revealed nearly 3,500 investment scam websites have been knocked out by ASIC’s scam website takedown capability since it was launched in July...
View ArticleClosing the Super Gender Balance Pay Gap
Original media release by and from Super Consumers Australia (7/03/2024). Super Consumers Australia welcomes the Federal Government’s announcement to pay super on top of Commonwealth Paid Parental...
View ArticleRegulatory Initiatives Announced for Financial Sector
Original media release from the Hon. Jim Chalmers (MP, Treasurer) and the Hon. Stephen Jones (MP, Assistant Treasurer, Minister for Financial Services). The Albanese Government will introduce a...
View ArticleIndustry Information Package Released in Preparation for the Financial...
Original media release by and for the Australian Securities and Investments Commission (14/03/2024). The Australian Securities and Investments Commission (ASIC) and the Australian Prudential...
View ArticleInquiry into Wholesale Investor and Wholesale Client Tests
On 20 March 2023, the Parliamentary Joint Committee on Corporations and Financial Services commenced an inquiry into the wholesale investor test for offers of securities (Section 708 of Chapter 6D of...
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