ASIC chief preaches “tough love”, says being a director isn’t easy and isn’t meant to be
Being a company director is tough and a wave of incoming regulations is unlikely to make it any simpler, ASIC chair Joe Longo says, but following some basic precepts can help corporate leaders stay compliant with the rules.
ASIC accused of “sledgehammer” approach to Director ID compliance
The corporate regulator is taking a stern approach to company directors yet to sign up for a Director Identification Number, a senior lawyer says, as industry leaders question if the mandatory scheme is still fit for purpose.
ASIC sues PayPal over fee discrepancy terms in small business contracts
ASIC is going after PayPal Australia over fee discrepancy terms in small business contracts, which it says are 'unfair'.
“We always strive to be the most compliant”: Finder CEO defended Earn’s regulatory status days before ASIC lawsuit
The Australian Securities and Investments Commission (ASIC) has sued a division of financial comparison platform Finder, alleging the company offered its recently-shuttered Earn crypto-investment product as an unlicensed financial service.
Telstra Ventures caught in FTX blowback after investing as part of US$350 million round
The Australian-born, San Francisco-based firm invested in FTX as part of its third fund, which closed in September.
Frydenberg issues new directions to ASIC, contradicting the banking royal commission
Treasurer Josh Frydenberg appears to have thrown the most important findings of the banking royal commission under a bus.
In light of ASIC’s management crisis, let’s take a look at how the regulator should be run
The current management crisis at ASIC has seen a deputy chairman resign and the chairman step aside under a cloud.
Budget 2020: $800 million for mega business registry, director ID numbers, e-invoicing and “go digital” business support
This year's budget will see $420 million allocated to creating a national business registry to cut red tape for small business operators.
ASIC ‘concludes’ Retail Food Group investigation but no enforcement action taken
Retail Food Group's share price soared on Tuesday after it told investors ASIC had concluded an investigation and would not pursue enforcement action.
Who really reads the fine print? Fintechs welcome ASIC’s hands-on approach to dodgy finance
ASIC says it will wield new powers to ensure financial services companies are playing good ball, arguing there's been an over-reliance on disclosure.
Royal commission reforms to “broken” banking code delayed as ombudsman urges scrutiny over get-out-of-jail clauses
It will be about 18 months before a royal commission banking code proposal is implemented after lobbyists pushed for a delay.
The new banking code looks impressive, but what does it mean for small businesses?
On July 1, the banking industry got yet another code of conduct, and although it is voluntary, all of the retail banks have signed up.
