ASIC news hub

Latest from ASIC

01
October
2020
| 16:59 Australia/Sydney
Banks and lenders are contacting small business customers whose loan repayment deferrals are expiring. Contact your bank or lender if you have deferred your business loan repayments Support and resources are available to Australian businesses
23
September
2020
| 08:45 Australia/Sydney
Banks and lenders are contacting customers whose repayment deferrals are expiring. Contact your bank or a financial counsellor if you have deferred your mortgage repayments. ASIC provides free information and tools on Moneysmart to help you with
17
September
2020
| 08:57 Australia/Sydney
ASIC is stopping unsubstantiated claims in prospectuses about COVID-19 treatments and forecast returns. Any forecasts or forward-looking statements must have a reasonable basis. ASIC’s Corporate Finance Update newsletter has more
16
September
2020
| 08:59 Australia/Sydney
Most transactions in January to June 2020 were takeovers – a departure from the recent trend towards schemes. ASIC will continue to focus its M&A activities on structural and conduct elements of transactions. As the uncertainty around the
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
Current COVID-19 (coronavirus) scamsopens in new window
The ACCC's Scamwatch has received over 4850 scam reports mentioning the coronavirus with over $5 820 000 in reported losses since the outbreak of COVID-19 (coronavirus). Common scams include phishing for personal information, online shopping, and superannuation scams.
05
Nov
2020
www.scamwatch.gov.au
APRA's weekly data on the superannuation early-release scheme (issue 23)opens in new window
Over the week to 27 September, superannuation funds made payments to 36,000 members, bringing the total number to 4.4 million since inception. The total value of payments during the week was $267 million, with $33.8 billion paid since inception. The average payment made over the period since inception is $7,671 overall and $8,384 when considering repeat applications only.
09
Oct
2020
www.apra.gov.au
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