The high-stakes stand-off between firm and the regulator has been resolved, after it deployed new powers to make an example of the non-bank lender.
ASIC has reported an increase of 50% in investigations and an almost 20% rise in new civil enforcement proceedings in the financial year 2025.
Around $160 million was invested into Shield through Equity Trustees but the scheme was frozen by the regulator in 2024.
SMSF auditors should pay careful attention to ASIC’s surveillance report into the financial reporting and audit of registrable superannuation entities, a leading accounting association has warned.
The boss of the Australian Securities Investments Commission (ASIC) has made a shocking admission while discussing the “widespread misconduct” of ANZ.
Corporate watchdog ASIC is cracking down further on the troubled $4.2 trillion superannuation sector with a new report ...
The regulator has highlighted the next stage of advice reforms as potentially filling the gaps in super funds’ communication ...
The regulator said funds are too focused on product promotion and member retention and demonstrate a lack of urgency in improving retirement communications.
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