Peter Kell
ASIC has welcomed moves by the banking sector and two independent ATM providers to provide free ATM transactions at 76 ATMs in remote Indigenous communities.
Read More ASIC welcomes remote community fee-free ATM transactions
The ASIC personal finance website MoneySmart has launched the Top 5 End of Financial Year Tips.
Read More Get MoneySmart this end of financial year
ASIC has released revised disclosure benchmarks and separate disclosure principles for unlisted mortgage schemes to improve awareness of the investment risks.
Read More ASIC updates guidance for investing in mortgage schemes
Recognising that lenders combine customer information and sophisticated systems to target customers is an important first step towards ensuring that these practices are taken into account in developing consumer policy.
Read More Bank customer profiling identifies consumer vulnerabilities: report
ASIC logo
Elders Insurance has repaid customers approximately $5.3 million as part of a program to rectify underpayments on motor vehicle insurance claims.
Read More Elders Insurance repays customers $5.3 million following underpayment error
ASIC logo
ASIC and the Territory Insurance Office (TIO) have launched a joint Indigenous financial literacy strategy involving audio posters with messages about ATM fees in 12 Aboriginal languages.
Read More ASIC and TIO launch Indigenous audio posters
ASIC logo
The report outlines categories of gatekeepers against whom ASIC has taken action including financial advisers, responsible entities, credit licensees, market participants, directors, company officers, insolvency practitioners and auditors. It includes detailed statistics over a six month period.
Read More ASIC releases first six-monthly enforcement report
ASIC has released the full findings of ‘shadow shopping’ research which examined financial advice given to people to help them plan for retirement.
Read More ASIC releases full report on retirement advice shadow shopping research
ASIC logo
An overview of ASIC news and media releases relevant to consumer financial services from December to March 2012. MoneySmart updates, consumer warnings and enforcement activity are all covered.
Read More ASIC overview December – March 2012
ASIC logo
ASIC has announced that people who migrated to Australia on humanitarian grounds now have access to multilingual resources to help them learn about Australia’s financial system.
Read More ASIC launches multilingual financial resources
ASIC logo
ASIC today announced it is reviewing its regulatory approach to platforms as part of broader efforts to promote investor confidence in the sector.
Read More ASIC wants more rights for investors using platforms
ASIC logo
ASIC today announced it has accepted a court enforceable undertaking (EU) from Commonwealth Bank of Australia (CBA) following concerns that a message sent to its internet banking customers was misleading.
Read More ASIC raises concerns about CBA credit limit increase invitations
