Articles tagged with 'consumers' | ASIC

ASIC news hub (consumers)

2020
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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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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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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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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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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