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The Latest Breaking News from ASIC

Man charged with murder after woman’s body found in Penrith hotel – as it happened

This blog is now closed

The Guardian - AU

Corporate cop wants finer silk to take on big business

Commonwealth caps on how much the financial market regulator can pay lawyers are giving major corporations an advantage in court.

AAP

The ‘big 4’ accounting firms often consult for the same clients they audit. Should that be allowed?

Public trust in the auditing profession is under intense pressure. A series of high-profile scandals, both in Australia and overseas, has severely damaged its reputation.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Insurer misled with claim on pre-existing conditions

Health insurer HCF wrongly claimed it could deny coverage to someone with a pre-existing condition, even if they had not been diagnosed when signing up.

AAP

One ASIC more than enough, says corporate cop chief

Splitting the Australian Securities and Investments Commission doesn't have the backing of the chairman who says a funding boost is needed to catch more crooks.

AAP

Regulator sues QBE over broken discounting promise

The Australian Securities and Investments Commission has launched civil proceedings against QBE over its discounting claims from 2017 to 2022.

AAP

Harvey Norman misled customers with 'interest-free' ads

Retail giant Harvey Norman misled consumers with a widespread ad campaign offering interest-free and no-deposit purchase options, the Federal Court has ruled.

AAP

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Could a recent ruling change the game for scam victims? Here’s why the banks will be watching closely

In Australia, it’s scam victims who foot the bill for the overwhelming majority of the money lost to scams each year.

The Conversation

How did public service leaders talk to staff about Robodebt? What they said – or didn’t – is revealing

In July 2023, after the release of the damning Robodebt Royal Commission report, Prime Minister Anthony Albanese declared:

The Conversation

Do recent class actions against ‘flex commission’ car loans mean consumer voices are getting stronger?

It’s been more than five years since the banking royal commission, but its findings continue to have an impact on the financial services sector.

The Conversation

At least $4 million owed after well-known builders go under

One had previous connections with 3 Property Group.

The Canberra Times

Vanguard hit with record fine over $1b 'ethical' fund

Vanguard has been hit with the largest fine imposed in Australia for greenwashing, as a court ordered it to pay $12.9 million for financial misconduct.

AAP

Liquidator appointed as Fone Works ordered to wind up shop

Newcastle customers were offered specials four days before the order.

Newcastle Herald

ASIC lawsuit a warning shot to car dealerships

ASIC has said a case against a Sydney car dealership over excessive loans should be a warning to others in the industry that they too will be under scrutiny.

AAP

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news in one place.

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The Conversation

Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products

At a time most people are trying to cut their weekly grocery bills, Australia’s supermarket giants have been hit with legal action for allegedly misleading shoppers over the price of hundreds of products.

The Guardian - AU

The Australian tenants who are charged to pay their rent

An increasing number of real estate agents are moving tenants’ payments on to so-called ‘rent-tech’ platforms. Renters say they have little power to say no

AAP

Crying poor claim as insurers accused of price gouging

A crackdown on how insurers respond to climate change has been declared by the corporate watchdog, as a union accuses some of the biggest firms of crying poor.

The Guardian - AU

Labor suspends government work being done by firm accused of fabricating Indigenous data

Finance department suspends McNair yellowSquares from contracts until whistleblower claims are investigated

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news in one place.

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The Guardian - AU

Whistleblower claims false survey data was provided to Australian defence department

Exclusive: Details on a military recruitment survey were allegedly fabricated, claims whistleblower who is seeking protection under Australia’s complex disclosure laws

The Guardian - AU

Whistleblower claims he was told to fabricate data for AEC during Indigenous voice campaign

Fake survey data was supplied on project designed to gauge awareness among Indigenous Australians of referendum process, the market researcher claims

International Business Times

Australia's Financial Regulator Cracks Down On Over 600 Crypto Investment Scam Websites In 1 Year

Australia's ASIC has been on a year-long crackdown on investment scams, taking down websites that lure Australian consumers – among its targets in the crackdown were crypto investment scams.

The Guardian - AU

Morning Mail: Asic’s crypto site crackdown, Sydney Metro extension opens, Larry Emdur’s golden moment

Regulator playing whack-a-mole; travel times to be slashed in NSW capital; diplomatic push under way for Gaza ceasefire deal

The Guardian - AU

Asic taking down average of 20 scam websites a day

Crypto scams accounted for 615 takedowns, the regulator says, as total number exceeds 7,300 in 12 months

The Conversation

Australia’s corporate watchdog is suing our largest stock exchange. What’s going on?

The Australian Securities Exchange (ASX) is unusual in the world of finance.

AAP

Australian shares finish higher for fourth straight day

The ASX200 has finished up 0.3 per cent as Commonwealth Bank, Pro Medicus, Evolution Mining, Seven Group and other big companies report earnings.

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