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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
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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
The Australian Securities and Investments Commission (ASIC) has released a statement of its approach to enforcement and other policy documents discussing how it undertakes investigations and enforcement activity.
Read More ASIC publishes approach to enforcement
Peter Kell
ASIC has released guidance to help promoters comply with their legal obligations when advertising financial products and services.
Read More ASIC releases guidance on advertising financial products
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ASIC today announced measures to help ensure issuers of debt products such as debentures and notes provide investors and financial consumers with the information they need to make informed decisions about investing in these products. These products can be risky.
Read More ASIC warns against investment in retail debt market
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ASIC has released a consultation paper to commence its review of external dispute resolution (EDR) jurisdiction over consumer complaints in cases where members have commenced legal proceedings to recover debts from consumers.
Read More ASIC discussion paper: EDR jurisdiction and debt collection proceedings
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ASIC has commenced a review of the 2009 change that provides consumers with limited access to EDR in the early stages of debt recovery proceedings.
Read More ASIC to review EDR schemes handling of complaints when companies take legal action
ASIC will shortly contact 30 Australian financial services licensees as part of the next phase of its review of financial advice industry practice. The review is intended to provide input into ASIC’s work on educating investors, holding gatekeepers to account and understanding consumer behaviour.
Read More ASIC continues review of financial advisors
ASIC’s review of the practices of 19 pay day and other short-term small amount lenders has found that while the majority are aware of and taking steps to comply with their responsible lending obligations, further improvements need to be made.
Read More ASIC seeks consistency in micro lenders’ responsible lending practices
People planning their retirement finances have two new tools to help them make informed decisions, a new retirement planning publication, Financial Decisions at Retirement, and an upgraded MoneySmart Retirement Planner, the online calculator that shows people how to boost their retirement savings.
Read More New tools to help consumers plan retirement
Peter Kell
Mr Peter Kell, ACCC Deputy Chair and former CHOICE CEO, and Mr Greg Tanzer have been appointed ASIC Commissioners.
Read More Peter Kell and Greg Tanzer appointed ASIC Commissioners
Consumer Action says that ASIC’s report into consumer credit insurance shows that many lenders selling CCI use unfair tactics to sell the product, and that the industry has failed to address problems that have existed for more than 20 years.
Read More ASIC exposes consumer credit insurance dirty tactics
