Archive | ASIC

ASIC news hub

2020
03
July
2020
| 01:00 Australia/Sydney
ASIC is working to provide superannuation trustees with clarity on regulatory issues that have arisen from the COVID-19 pandemic. Superannuation trustees must continue to comply with the law and act in the best interests of their members. ...
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26
June
2020
| 01:00 Australia/Sydney
Reports of misconduct are up 20% compared to the same period last year. If you think you or someone you know has been scammed, lodge a report of misconduct with ASIC. For more information about investment scams, visit ASIC’s Moneysmart website. ...
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23
June
2020
| 01:06 Australia/Sydney
September will mark the end of COVID-19 loan deferrals and payment schemes. ASIC asks banks and lenders to work with their customers in the lead-up to September. ASIC taskforces are targeting false and misleading advertising, scams, and the appro...
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22
June
2020
| 03:00 Australia/Sydney
Take steps to minimise the adverse impacts of the collapse or closure of other small and medium enterprises (SMEs) you deal with. What to do if you are owed money – steps to debt recovery as a creditor. It is important to seek advice from a trust...
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22
June
2020
| 02:00 Australia/Sydney
As the director of a company trading a business, it’s your legal duty to monitor the financial position of your business to ensure it can pay its debts when they are due. Temporary relief measures introduced by the government in response to COVID-...
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22
June
2020
| 01:00 Australia/Sydney
If your company has been impacted financially by the COVID-19 pandemic, this article provides information on closing, winding-up or restructuring a company. Advice and support are available for small business owners. Mental health resources – whe...
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18
June
2020
| 09:20 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. ...
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18
June
2020
| 05:33 Australia/Sydney
An increased number of Australians have reported crypto-asset (or cryptocurrency) scams to ASIC. Most crypto ‘investment opportunities’ reported to ASIC appear to be outright scams. Offenders are difficult to catch and lost money can be difficult...
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12
June
2020
| 07:02 Australia/Sydney
ASIC is aware of scammers taking advantage of people during the COVID-19 (coronavirus) pandemic. Beware of fake endorsements of investment opportunities. A fake website – Market Makers Insider/MMI Forex – is misleading traders and investors by di...
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03
June
2020
| 07:30 Australia/Sydney
ASIC is aware of scammers taking advantage of people during this time of heightened uncertainty. Over recent weeks, ASIC has received reports of misconduct from consumers and investors noticing dodgy practices and scams. Scams can take many forms...
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02
June
2020
| 01:00 Australia/Sydney
How to protect your small business. Small business and financial distress. Trading while insolvent. ...
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01
June
2020
| 07:45 Australia/Sydney
Temporary relief measures for financial advisers. ASIC is monitoring how market conditions affect the financial advice industry during COVID-19. We have outlined the steps we will take to reduce regulatory burden for the industry, and will provid...
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28
May
2020
| 07:16 Australia/Sydney
COVID-19 has caused many businesses to experience financial distress. Sometimes, when businesses are in financial distress, pre-insolvency advisers may initiate contact and offer to help. ...
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14
May
2020
| 05:56 Australia/Sydney
ASIC has outlined its expectations for all market participants to act appropriately to ensure Australia’s equity markets remain resilient. ...
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13
May
2020
| 05:14 Australia/Sydney
One-month extension for balance dates up to and including 7 July 2020. Applies to listed and unlisted entities. ...
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13
May
2020
| 05:14 Australia/Sydney
ASIC's 'no action' position extended for public companies' AGMs ASIC guidance for using virtual technology for meetings Financial reporting deadlines extended ...
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07
May
2020
| 08:58 Australia/Sydney
Consider your entity’s trading policy. Consider the information in your possession – and account for the current uncertain and volatile market conditions. Notify the market. Consider conflicts and disclosure obligations arising from margin loans...
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07
May
2020
| 04:07 Australia/Sydney
ASIC is working closely with exchanges and market participants to make sure the financial system is able to operate effectively and markets remain open. We will continue to actively monitor market developments domestically and overseas and take ac...
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06
May
2020
| 06:51 Australia/Sydney
ASIC's guidelines for conducting hybrid and virtual investor meetings. Member participation, voting, content of notice-of-meetings, and what to do if technical issues occur. ...
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06
May
2020
| 01:00 Australia/Sydney
Temporary relief for capital raising. FAQs on financial reporting and audit. Guidelines for virtual AGMs and reporting requirements. ...
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06
May
2020
| 01:00 Australia/Sydney
ASIC’s Moneysmart website has information for investors. Visit the ASX markets announcement platform for information on specific listed entities. Read why retail investors are at risk in the current volatile market. ...
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29
April
2020
| 06:41 Australia/Sydney
ASIC is closely monitoring how lenders are assisting consumers who are experiencing financial difficulties due to COVID-19. Lenders who have concerns or questions about ASIC’s expectations should contact ASICHardship@asic.gov.au.  ...
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29
April
2020
| 01:00 Australia/Sydney
Industry has written to ASIC seeking guidance on a number of matters around regulation of lending during COVID-19. ASIC has responded to provide clarity on issues of hardship, responsible lending and communication. ...
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23
April
2020
| 14:45 Australia/Sydney
ASIC expects general and life insurers to handle claims with good faith. Trusts that insurers will show flexibility in dealing with consumer circumstances. Calls for and expects accurate, clear and proactive communication with consumers. ...
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20
April
2020
| 05:36 Australia/Sydney
Insolvency and exercising COVID-19 safe-harbour provisions. Directors are encouraged to seek advice early from a suitably qualified and independent adviser about the company’s financial affairs and the options available to manage the disruption ca...
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14
April
2020
| 01:00 Australia/Sydney
ASIC has taken a temporary 'no-action' position on the expansion of the scope of personal advice by superannuation trustees. The temporary 'no action' provision applies to personal advice about the COVID-19 early-release scheme. ...
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08
April
2020
| 01:00 Australia/Sydney
Reminder on legal obligations to scheme members during market volatility. Hardship and rolling-withdrawal relief available to non-liquid schemes. ...
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03
April
2020
| 00:00 Australia/Sydney
ASIC is advising tenants who may have received unlicensed from real estate agents to report misconduct to ASIC. ...
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01
April
2020
| 03:15 Australia/Sydney
ASIC and APRA have written to all registrable superannuation entity (RSE) licensees reminding trustees of their obligations during COVID-19. ...
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01
April
2020
| 00:00 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 insurance. ...
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