Financial institutions are meant to have reliable payment systems in place. But more work needs to be done to ensure they do this.
Articles on ASIC
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Too often after corporate scandals, directors claim ignorance. The corporate regulator is arguing they should have asked more questions.
Treasurer Jim Chalmers will announce on Wednesday a package of reforms to the retirement phase of the superannuation system, to make it easier to navigate and consumer friendly.
Australia’s corporate regulator is closely examining the way death benefit and other insurance claims are processed across the entire superannuation sector.
There’s a push for reforms to make banks more responsible for detecting, deterring and responding to scams, rather than just asking consumers to be ‘more careful’.
The Australian Securities Exchange – or ASX – is supposed to keep financial markets ‘fair, orderly and transparent’. Why is it being taken to court?
ASIC is stultifying under ineffective governance and a mandate so broad that it can point to almost any action as being relevant to its duties.
If big money is going to invest in clean energy and technology, the rules have to be clear. Australia’s launch of a green finance strategy last week was a good start but there is further to go.
While the ACCC, ASIC and a new senate inquiry begin to flush out greenwashing, we take a closer look at dodgy climate claims. Complaints and court cases are stacking up. Here’s what you need to know.
The licence didn’t extend to trading in cryptocurrenices, and had been granted to a firm FTX took over, rather than FTX itself.
UN Secretary-General António Guterres says rules around corporate emissions reporting are “wide enough to drive a diesel truck through”.
ASIC suspects some super fund trustees of using inside information for personal gain, but they might not be caught by the insider trading laws.
The implosion of the Australian Securities and Investments Commission, has gone from tragedy to farce.
The royal commission wanted the corporate cop to first ask ‘why not litigate?’. The treasurer’s new guidelines suggest it should instead ask ‘why not negotiate?’.
The National Consumer Credit Protection Amendment bill goes against two explicit recommendations of the banking royal commission.
It was one of only two recommendations the government rejected.
Independent MP Helen Haines’s bill will likely not pass without the government’s support, but it proposes a robust body with suitable accountability mechanisms. It’s worth serious consideration.
If anything, the standards are becoming easier, rather than harder, to apply.
It’ll be up to the borrower, not the lender to determine whether what’s offered is suitable under changes to be detailed in the budget.
ASIC is passing up opportunities to prosecute, all the more so in this ‘very different economic environment’.
Top contributors
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Senior Lecturer, Faculty of Law, University of Wollongong
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Professorial Fellow, University of Canberra
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Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
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Professor of Law, The University of Western Australia
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Senior lecturer, Queensland University of Technology
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Adjunct Professor of Law, University of New England
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MinterEllison Professor of Risk and Regulation, UNSW Law; Director, Centre for Law Markets and Regulation, UNSW Law, UNSW
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Associate Professor, Corporate Law, University of Sydney Business School, University of Sydney
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Professor of Public Policy & Law, Centre for Governance & Public Policy, Griffith University
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Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
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Emeritus Professor, Melbourne Law School, The University of Melbourne
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Lecturer in Accounting, The University of Queensland