Choosi’s “Compare. Choose. Apply.” pitch has been found to have misled Australians shopping for funeral and life insurance by a Federal Court after its TV ads aired more than 300,000 times.
Ryan Johnson
Pellew, who founded once viral label Kooey before serving 18 months in Bandyup Prison over a cannabis conspiracy, must spend at least 21 months behind bars for the latest offences.
Former Beacon Minerals project manager Alexander McCulloch has been sentenced to 12 months’ imprisonment for insider trading over share tips that helped two mates pocket more than $177,000.
The corporate watchdog has cleared Mineral Resources founder Chris Ellison and board members over a series of scandals that rocked the miner in late 2024 and shaved billions of dollars off its market value.
Daniel Newell
ASIC found cash settlements in almost two-thirds of reviewed claims, with one offer raised only after a builder revealed its quote was 40 per cent below cost
Sarah Court has conceded some regulation may not justify its cost as ASIC vows to cut red tape for compliant businesses and hit misconduct earlier and harder.
Netwealth allowed more than 1300 Australians to invest $128.5 million in First Guardian before pulling the troubled fund from its platform, the Federal Court found on Thursday.
Trustees could be forced to repay failed investment losses while the government opens the door to a ‘new class’ of adviser through super funds and cracks down on dodgy lead generation practices.
Australians are being urged to treat online investment opportunities with extreme caution after the corporate cop warned of a rise in fake celebrity endorsements.
Cheyanne Enciso
Advisers raiding client money and directors leaving creditors nursing losses were among the misconduct that saw ASIC ban or restrict scores of operators last financial year.
One in three small business directors do not understand the consequences of breaking company laws, exposing a dangerous knowledge gap among those legally responsible.
Tens of thousands of homeowners have unwittingly spent too much on their mortgage after some of the country’s biggest banks failed to properly link their offset accounts.
ASIC has begun examining internal complaints at the Big Four while warning registered auditors that misconduct could trigger disciplinary or civil action.
ASIC recorded its biggest enforcement year on the back of a damning catalogue of ugly behaviour by some of the nation’s largest financial institutions.
ASIC’s September deadline is putting crypto platforms under pressure and investors are being told to check what happens if one fails.
The super fund failed to report investigations into serious member issues, with the Federal Court finding the corporate watchdog’s oversight was seriously compromised.
The corporate watchdog said platform trustees failed members after repeated warnings, including one case involving a deceased adviser’s falsified signature.
The findings of a major report on car financing in Australia aren't pretty, leaving the industry body to make clear that customers must be treated fairly.
Staff Writers
ASIC rebuked after losing an appeal over pre-existing condition wording used by HCF Life, in a ruling that gives insurers a clearer line between misleading policy terms and unfair contract terms.
HSBC Australia has admitted it failed to protect customers from scams and agreed to pay $35 million in penalty after being hit with legal action by the corporate watchdog.
ASIC says some super funds are still failing grieving families on death benefit claims, with trustees accused of failing to analyse systemic issues and dragging their feet on basic reforms.
Superannuation may become Australia’s number one investment, but a leader lawyer says the spoils will be shared by the funds willing to embrace increased regulatory scrutiny.
The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.
Andrew Brown
While Federal and other State governments are warning of action against KPMG, the Cook Government has conceded nothing except that it is “monitoring and reviewing the allegations” against the firm.
Sean Smith
