We’ve imposed additional conditions on Macquarie Bank Limited’s Australian financial services licence after multiple and significant compliance failures. brnw.ch/21wSss7
ASIC Media
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ASIC Media
@asicmedia
@asicmedia is the Twitter account of ASIC Corporate Affairs, the arm of Australia's corporate regulator that engages with media and government.
- We partnered with the RBA to issue a joint letter to ASX addressing our increasing concern over the management of operational risk at ASX, following the CHESS batch settlement failure incident that occurred on 20 December 2024. brnw.ch/21wRG8n
- We’re calling on the super industry to urgently improve how death benefit claims are handled. Our report outlines 34 recommendations for trustees, aimed at fixing serious failures in how some claims are processed. Read the report: brnw.ch/21wRG7s
00:00 - The Federal Court has imposed a penalty of $10.5 million against Active Super for greenwashing misconduct brnw.ch/21wRooF
- We are suing FIIG Securities Limited for systemic and prolonged cybersecurity failures
- We are suing AustralianSuper, the trustee of Australia’s largest superannuation fund, over delayed processing of nearly 7,000 death benefit claims
- The latest issue of the ASIC enforcement and regulatory update is now live!
- In a win for Aussie consumers AustralianSuper has today been fined $27M for failing to merge accounts—costing 90,700 members $69M in fees & lost earnings. Read more on the judgement here: brnw.ch/21wQQCS #Superannuation #ConsumerProtection #Accountability
- We have rolled out a consultation on new regulatory guidance for the buy now pay later industry brnw.ch/21wQwM9
- Firstmac Limited has been ordered to pay $8 million in penalties for failing to meet its design and distribution obligations. Read more about it here: brnw.ch/21wQdbd
- Buy now pay later products will be subject to stronger regulation with new laws boosting protection for Australian consumers brnw.ch/21wQ7aQ
- Federal Court finds CFD issuers engaged in systemic unconscionable conduct with customer losses totalling over $83 million asic.gov.au/about-asic/new…
- ASIC has commenced civil penalty proceedings in the Federal Court against Swoosh Finance alleging breaches of its responsible lending obligations when it provided loans to 11 customers brnw.ch/21wPvLu
