ASIC Media
@asicmedia
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@asicmedia is the Twitter account of ASIC Corporate Affairs, the arm of Australia's corporate regulator that engages with media and government.
Australia
Joined February 2012
We have rolled out a consultation on new regulatory guidance for the buy now pay later industry
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Firstmac Limited has been ordered to pay $8 million in penalties for failing to meet its design and distribution obligations. Read more about it here:
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Buy now pay later products will be subject to stronger regulation with new laws boosting protection for Australian consumers
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Federal Court finds CFD issuers engaged in systemic unconscionable conduct with customer losses totalling over $83 million
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ASIC has commenced civil penalty proceedings in the Federal Court against Swoosh Finance alleging breaches of its responsible lending obligations when it provided loans to 11 customers
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More than 500 retail clients of Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, were denied important consumer protections after being misclassified as wholesale clients, ASIC alleges in documents filed in the Federal Court.
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Former Greensills Group lead auditor Joseph John Santangelo will not be able to audit companies until June 2026 after the Companies Auditors Disciplinary Board found that he failed to carry out or perform adequately and properly the duties of an auditor
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We have published our annual dashboard outlining regulatory costs by sector and subsector for 2023–24 under the ASIC industry funding model
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HSBC Bank Australia Limited failed to adequately protect customers scammed out of millions of dollars, according to documents filed by ASIC in the Federal Court today
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Legal proceedings launched by ASIC have seen the Australian operator of the Kraken crypto exchange ordered to pay $8 million for unlawfully issuing a credit facility to more than 1,100 Australian customers
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We have commenced legal proceedings in the Supreme Court of NSW seeking leave to allege Regional Express Holdings Limited (administrators appointed) engaged in misleading and deceptive conduct and contraventions of continuous disclosure obligations
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ASIC has released the exam results of the Financial Advisers Exam held in November 2024
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Insurers are failing to identify one in six customer complaints, effectively denying those Australians critical protections available through the Internal Dispute Resolution (IDR) regime, an ASIC review has found
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ASIC signals ongoing work to maximise benefits of the reportable situations regime
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We have released a consultation paper outlining proposals to update our digital asset guidance:
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We have released our first publication of industry-wide data reported under the internal dispute resolution data reporting framework
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The Federal Court has ordered Sasha Hopkins to pay $1.25 million and be disqualified for four years. The Court also ordered that The A Team Property Group, five of the investment schemes and associated companies be wound up
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ASIC and APRA have issued a joint letter outlining key observations on registration and notification lodgements since the commencement of the Financial Accountability Regime (FAR) for the banking industry. Read the letter here:
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We have extended the legislative relief that allows insurers and their representatives to give emergency payments to consumers, in certain circumstances, without first giving them a Cash Settlement Fact Sheet
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New regulatory guidance is here. Stay ahead of the game with updated resources to navigate the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024. Key changes take effect from 10 Jan 2025. Learn more:
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