Australian Securities & Investments Commission

Type: Organization
Name: Australian Securities & Investments Commission
First reported 3 hours ago - Updated 3 hours ago - 1 reports

Family-owned diamond wholesaler with $5 million turnover collapses

A family-owned diamond wholesaler with a turnover of $5 million has collapsed .Sule Arnautovic of Jirsch Sutherland was appointed as liquidator for Miller Diamonds on July 18, with a notice issued to the Australian Securities and Investments Commission ... [Published Smart Company Australia - 3 hours ago]
First reported 4 hours ago - Updated 4 hours ago - 1 reports

Govt moves ahead with asset sales

The federal government is poring over pitches for the four asset sales flagged in the May budget and is expected to name advisors for scoping studies in early August.The government will hand out advisory roles for Defense Housing Australia, Australia ... [Published Business Spectator - 4 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

ASIC urges Federal Court to defend real estate investors

Federal Court judge Bernard Murphy has been urged by Ian Martindale QC, for the Australian Securities & Investments Commission (ASIC), to impose severe penalties on ex-directors of the failed Prime Retirement & Aged Care Property Trust. The maximum fine ... [Published Individual.com - 5 hours ago]
First reported Jul 27 2014 - Updated 12 hours ago - 3 reports

Harsh penalties sought for Prime directors

Ian Martindale QC, on behalf of the Australian Securities & Investments Commission, has urged Federal Court judge Bernard Murphy to impose the maximum fines as well substantial bans on former board members of the failed Prime Retirement & Aged Care Property ... [Published Individual.com - 12 hours ago]
First reported Jul 28 2014 - Updated 14 hours ago - 1 reports

ASIC confers on derivatives reporting

The Australian Securities and Investments Commission (ASIC) is seeking industry feedback to proposed changes to the rules that required compulsory trade reporting of over-the-counter (OTC) derivatives.The proposals aim for an effortless transition to ... [Published Money Management - Jul 28 2014]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Is this referral affecting your impartiality? Federal Court backs ASIC in Walton wind-up

By Michael HughesIn February, we reported on the decision of Justice Davies in the Federal Court of Australia refusing the Australian Securities and Investments Commission’s (ASIC’s) application to remove liquidators appointed to two companies, after ... [Published The Lawyer - 15 hours ago]
First reported 23 hours ago - Updated 23 hours ago - 1 reports

ASIC stops broker licences over reporting failures

The Australian Securities and Investments Commission (ASIC) has cracked down on several insurance brokers that failed to lodge audited annual statements.It has cancelled the Australian financial services licences of Mariner Insurance, Graeme Bartlett ... [Published InsuranceNews.com.au - 23 hours ago]
First reported Jul 27 2014 - Updated 23 hours ago - 2 reports

Waubra Foundation's Wooldridge faces directorship ban

Former health minister and current board member of anti-wind farm group The Waubra Foundation, Michael Wooldridge, is at risk of being banned as a company director for his part in the collapse of Prime Trust,  The Australian  reports.Court documents suggest ... [Published Business Spectator - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

ASX agrees to changes after ASIC review

The (ASX) has agreed to make changes to its operations to address a number of issues highlighted by the Australian Securities and Investments Commission (ASIC) in a recent review.The changes will affect the way the ASX monitors market participants and ... [Published Financial Standard - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Property trusts paying 80pc returns raise ASIC's ire

Investors have been cautioned about the possible high risks and poor transparency of unlisted property trusts. It is unusual for such a warning to be issued by the Australian Securities & Investments Commission. The Property Funds Association counters ... [Published Individual.com - Jul 27 2014]
First reported Jul 23 2014 - Updated Jul 24 2014 - 2 reports

ASIC obtains court orders against former Ballast adviser

The Federal Court in Perth has issued orders to restrain a former authorised representative from providing financial advice and dealing in financial products.The Australian Securities and Investments Commission (ASIC) obtained the orders against Western ... [Published Financial Standard - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 24 2014 - 2 reports

ASIC warns of fly-by-night schemes

The Australian Securities & Investments Commission (ASIC) has warned investors to be careful when investing in property via superannuation. The watchdog has introduced new disclosure rules for unlisted property schemes, to make investors more aware of ... [Published Individual.com - Jul 24 2014]

Quotes

"While the government is attempting to walk away from school funding reform we see it continuing to provide funds to a program that is questionable to say the least and is sitting on surpluses of taxpayers’ money" he said
The monitoring program was put inin place in July 2013 to ensure the group's compliance "with regulatory requirements for personal advice, the effectiveness of its advice audit and pre-vet functions and its remediation of poor advice" ASIC said
"Mr Lewski’s wrongful acts caused $33 million to be removed from the trust," ASIC said. "The circumstances suggest that he is highly likely to repeat such conduct, should the opportunity arise again."
"Our proposals in Option 2 (our recommended option) are designed to address the issues we have identified under the current derivative transaction rules (reporting) that either impose unnecessary compliance costs on reporting entities or cause ‘gaps' in derivative trade data reported to regulators" the regulator said

More Content

All (572) | News (565) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (0) | Press Releases (2)
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Melbourne University in Teach for Australia sub... [Published Melbourne Age - 1 hour ago]
Family-owned diamond wholesaler with $5 million... [Published Smart Company Australia - 3 hours ago]
ASIC puts an end to PIS monitoring program [Published Financial Standard - 4 hours ago]
Govt moves ahead with asset sales [Published Business Spectator - 4 hours ago]
ASIC urges Federal Court to defend real estate ... [Published Individual.com - 5 hours ago]
Diamond dealer shuts up shop, buyers interested [Published Jeweller Magazine - 6 hours ago]
Harsh penalties sought for Prime directors [Published Individual.com - 12 hours ago]
Is this referral affecting your impartiality? F... [Published The Lawyer - 15 hours ago]
Clive Palmer conned by Coalition [Published Brisbane Times - 17 hours ago]
ASIC stops broker licences over reporting failures [Published InsuranceNews.com.au - 23 hours ago]
GOLD COAST DIRECTOR FACES FRESH ASIC CHARGES [Published Gold Coast Business News - 23 hours ago]
(TRO) TriAusMin Limited Announces Results of Sc... [Published Noodls - 23 hours ago]
Prime Trust founder Bill Lewski should be banne... [Published Sydney Morning Herald - 23 hours ago]
ASX agrees to changes after ASIC review [Published Financial Standard - Jul 28 2014]
Prime Trust crew face corporate chop [Published Individual.com - Jul 28 2014]
ASIC confers on derivatives reporting [Published Money Management - Jul 28 2014]
Waubra Foundation's Wooldridge faces directorsh... [Published Business Spectator - Jul 28 2014]
Wooldridge facing directorship ban [Published Business Spectator - Jul 27 2014]
Property trusts paying 80pc returns raise ASIC'... [Published Individual.com - Jul 27 2014]
Former minister facing long ban [Published Individual.com - Jul 27 2014]
Prime Trust director gave false evidence [Published WA Today - Jul 27 2014]
Who are you, Solly Lew? [Published Cowra Guardian - Jul 26 2014]
Civil or criminal? [Published thestar.com.my - Jul 26 2014]
ASIC consults on OTC derivatives reform [Published Banking Technology - Jul 25 2014]
Road to courts paved with gold, but there's a c... [Published Brisbane Times - Jul 25 2014]
DART ENERGY : Scheme Booklet [Published 4 Traders - Jul 25 2014]
Australia activist escapes jail over mine hoax [Published News.net - Jul 25 2014]
Macquarie tight-lipped on EU details [Published Financial Standard - Jul 25 2014]
Automated advice and social media remains uncha... [Published Money Management - Jul 25 2014]
Macquarie says its on track on EU [Published Money Management - Jul 25 2014]
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Blogs

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JPMorgan Lied To Fed, Did Not Report Losing Tra... [Published Zero Hedge - May 26 2014]
Long before Virtu was forced to pull its IPO due to the backlash against HFT frontrunners in party due to being stupid enough to post its perfect trading record of 1 trading day loss in 5 years which could only be the result of a grossly rigged market, ...
Reading notes: Submissions to the ACNC Senate I... [Published Core Economics - May 18 2014]
I previously commented  on the batch of submissions (all 16 of them) that were available during the weekend following the May 2, 2014 deadline for submissions. In the following week, 132 submissions were added for a total of 148 (one being a duplicate ...
US News Covers Taib Money-Snatching [Published Sarawak Report - May 12 2014]
Another top international news organisation has endorsed and corroborated the information Sarawak Report has exposed about Taib Mahmud’s extraordinary and illicit wealth. The major news service Bloomberg/Business Week has just brought out an extensive ...
Genworth Announces Filing Of Prospectus For Aus... [Published PR Newswire: Financial Services - Apr 23 2014]
RICHMOND, Va., April 22, 2014 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced that a prospectus has been filed with the Australian Securities and Investments Commission by Genworth Mortgage Insurance Australia Limited ("Genworth Australia"), ...
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Press Releases

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Genworth Announces Number Of Shares To Be Offer... [Published Financial Services - May 13 2014]
Making competition king – the rise of beh... [Published Financial Conduct Authority (FCA) - Mar 25 2014]
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