Articles tagged with 'consumers' | ASIC

ASIC news hub (consumers)

2020
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 insurance. ...
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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 d...
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18
June
2020
| 13:33 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 money lost on bitcoin scams...
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12
June
2020
| 15:02 Australia/Sydney
A fake website – Market Makers Insider/MMI Forex – is misleading traders and investors by displaying the name and photo of ASIC Chair James Shipton. Similar false representations are also made via the entity’s Telegram site. Beware of fake endors...
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03
June
2020
| 15:30 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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06
May
2020
| 09:00 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
| 14:41 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
| 09:00 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
| 22:45 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
| 09:00 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. The temporary exp...
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08
April
2020
| 09:00 Australia/Sydney
Your legal obligations to investment scheme members still apply during market volatility caused by COVID-19. ASIC expects responsible entities of managed investment schemes to actively manage scheme liquidity. ASIC has powers to grant hardship re...
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