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Latest from ASIC

03
December
2020
| 16:05 Australia/Sydney
You may be entitled to compensation via the Freedom Insurance Remediation Program if you were sold a Freedom Insurance life or funeral insurance policy issued by either AIA Australia, NobleOak Life, or Swiss Re Life & Health Australia between
02
December
2020
| 14:40 Australia/Sydney
Identify the issues you need to consider if financial difficulties are affecting your small business. Three important questions all SME company directors should ask if the business is facing financial difficulty. This video outlines information
02
December
2020
| 14:38 Australia/Sydney
The legal obligations imposed on a company director are complex and serious. A company director can be exposed to personal liability or may be found civilly liable, or even criminally convicted, for conduct relating to how they run a company or
02
December
2020
| 14:34 Australia/Sydney
If a small business owner starts to feel like running their company is becoming difficult, what should they do?
24
November
2020
| 16:36 Australia/Sydney
Company and business name registrations increased slightly in the first nine months of 2020 compared to 2019. Guidance and support are available for companies and small business owners impacted by the COVID-19 pandemic. There has also been a
11
November
2020
| 15:32 Australia/Sydney
Contract-for-difference (CFD) trading is changing for retail clients in Australian markets. From 29 March 2021, maximum ratios will restrict CFD leverage offered to retail clients. These and other changes bring Australia into line with other
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