The Latest Breaking News from ASIC

Three years after it was formed, the committee enforcing breaches of the Banking Code of Practice has used its most serious sanction just twice. That power is writing the name of a bank on a report.

A Sydney debt collector which admitted harassing and threatening customers has complained a $3.25 million penalty sought by ASIC would destroy its business.

The company founded by Ron Pattenden collapsed owing millions in unpaid policies to thousands of low-income Aboriginal families

New data shows that when funeral insurance company Youpla went into liquidation in March, some of Australia's most disadvantaged towns paid the heaviest price.

Exclusive: Financial services minister Stephen Jones wants complex funds to provide the same data already required of simpler funds

In 2013, the government was warned that allowing funeral insurers to access Centrelink payments could end badly for customers. Almost a decade later, it did.

As the Albanese government works on getting legislation ready for its highly anticipated corruption watchdog, calls are growing for it to boost protections for whistleblowers and drop criminal prosecutions against Richard Boyle, David McBride and Bernard Collaery, and to advocate for Julian Assange.

Youpla director Greg Wheeldon says he did his all to save the funeral insurance company from liquidation. But advocates for the thousands of people who lost their cover still want answers.

A specialist team from Australia's Corporate Watchdog will consider allegations that Hunter-based Sweetman Renewables engaged in misleading and deceptive conduct as part of a fundraising campaign.