ASIC news hub

Latest from ASIC

15
September
2020
| 09:00 Australia/Sydney
ASIC is actively monitoring financial services advertising during the COVID-19 pandemic. ASIC will act where we see misleading claims and predatory behaviour. Before publishing financial ads, look at ASIC's Regulatory Guide 234 and where
11
September
2020
| 09:00 Australia/Sydney
Visit ASIC's Moneysmart for resources and information on financial hardship. Visit ACCC's Scamwatch for information about COVID-19 scams. Visit Moneysmart for information on insurance including life insurance and travel
26
August
2020
| 14:59 Australia/Sydney
As an investor, you may still be able to access your money if you’re experiencing financial hardship – contact your responsible entity for more information. Freezing a fund does not always mean that distributions, such as income payments, have
20
August
2020
| 12:29 Australia/Sydney
Mortgage repayment deferrals due to COVID-19 are expiring soon. ASIC encourages all lenders to continue working with customers to find solutions that are right for them. Lenders should develop solutions for customers that are sustainable and can
20
August
2020
| 11:29 Australia/Sydney
ASIC is aware of people pretending to be a legitimate lender (e.g. banks, credit unions) and offering fake loans to Australian consumers. This usually occurs after the consumer completes an online enquiry form expressing interest in a loan. Be
03
August
2020
| 13:35 Australia/Sydney
When choosing an investment product, carefully assess whether the product is appropriate for your circumstances and risk appetite. Investors should read and double check all relevant information before committing to an investment product. If in
Charity scams on the riseopens in new window
Figures from Scamwatch show that charity scam reports have increased significantly in 2020. Reported scams are up nearly 70% compared to the same period in 2019, driven by charity frauds linked to the bushfire crisis.
07
Sep
2020
www.acnc.gov.au
Small businesses navigate COVID-19 pandemic, misconduct and scamsopens in new window
In January to June 2020, small businesses reported 1,200 scams with $4.5 million in losses to the ACCC. While this is fewer reports than in the previous six-month period, it is a more than threefold increase in losses.
31
Aug
2020
www.accc.gov.au
Top 5 tips to avoid scammersopens in new window
FAQs on unwanted communications and how to avoid scammers. Information from the Department of Infrastructure, Transport, Regional Development and Communications.
28
Aug
2020
www.communications.gov.au
APRA's weekly data on the superannuation early-release scheme (issue 16)opens in new window
In the week to 9 August, superannuation funds made payments to 95,000 members, bringing the total number of payments by funds to their members to 4.0 million since inception. The total value of payments during the week was $0.71 billion, with $31.1 billion paid since inception. The average payment made over the period since inception is $7,689 overall and $8,487 when considering repeat applications only.
18
Aug
2020
www.apra.gov.au
ACCC Scam Awareness Week 2020opens in new window
ACCC's Scamwatch has seen a 55% increase in reports involving loss of personal information in 2020, compared with the same period in 2019, totalling more than 24,000 reports and over $22 million in losses.
17
Aug
2020
www.scamwatch.gov.au