1-10 of 70 results

ASIC targets superannuation trustees on financial advice fees
Insight 24 May 2024

On 9 May 2024, ASIC released its report, REP 781 Review of superannuation trustee practices protecting members from harmful advice charges, outlining findings from its review of progress by superannuation trustees in addressing risks of member harm from poor financial advice and inappropriate advice ...

ASIC 2024 enforcement priorities
Insight 23 Nov 2023

On 21 November, at the ASIC Annual Forum 2023, ASIC Deputy Chair Sarah Court announced ASIC's enforcement priorities for 2024. The Deputy Chair also addressed ASIC's regulatory enforcement approach generally, by reference to recent criticisms levelled at the regulator. ...

Whistling in the wind: clarification on the limited retrospective application of the corporate and tax whistleblower protection regime
Insight 04 Oct 2023

The Full Court of the Federal Court of Australia has unanimously determined that the updated whistleblower protections that came into effect on 1 July 2019 do not apply to detrimental conduct engag ...

ASIC and APRA announce strategic priorities
Insight 30 Aug 2023

In this Insight, we consider the key trends, similarities and differences we have observed across ASIC and APRA's Corporate Plan. We also explain what to expect on the regulators' supervision and enforcement agendas in the near future. ...

MAC conditions: more disclosure but no real change to market practice
Insight 16 Aug 2023

MAC conditions have long been a feature of managing completion risk in public M&A transactions in Australia—utilising triggers based on either or both quantitative and qualitative measures. However, in 2022 ASIC published its concerns on the formulation of these conditions and, in particular, its expectation that MAC conditions include objective and 'quantifiable' triggers. ...

ASIC spotlight on compliance with client money rules in superannuation
Insight 09 Aug 2023

ASIC has recommended all superannuation trustees should review their compliance with s1017E of the Corporations Act after a thematic review found widespread 'deficiencies'. ...

ASIC ramps up greenwashing-related regulatory interventions, targeting managed funds and ASX listed entities
Insight 16 May 2023

ASIC's latest report, ASIC's recent greenwashing interventions (the Report), outlines its recent surveillance activities and regulatory interventions to tackle misleading marketing and greenwashing. ...

Design and distribution obligations for investment products – ASIC's latest expectations
Insight 10 May 2023

ASIC has released Report 762 (the Report) following its recent review into how investment product issuers are complying with the Design and Distribution Obligations (DDO) regime. The report summarises ASIC's findings and highlights areas for improvement. ...

Breach reporting
Insight 03 May 2023

In this Insight, we provide an overview of the Regulatory Guidance 78: Breach reporting by AFS licensees and credit licensees (RG 78) updates, and discuss some of the issues ASIC has left on the table for round two. ...

ASIC report on life insurance in superannuation
Insight 05 Apr 2023

ASIC report on life insurance in superannuation and actions for superannuation trustees. In this Insight, we highlight further action superannuation trustees should be taking as identified in the Report against the backdrop of their regulatory obligations. ...