News : ASIC

Crypto mining scheme called out

April 22, 2024

Cryptocurrency Blockchain mining ASIC NGS Companies

ASIC has commenced legal action against three blockchain mining companies that encouraged individuals to transfer their entitlements into SMSFs and convert them into cryptocurrency.

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ASIC, Compliance & Regulation, SMSF

ASIC acts on suspected fraudulent websites

ASIC SMSF scam Joseph Cullia Zoran Markovic

February 9, 2024

Jason Spits

Two Victorian men have been charged with fraud and dealing with the proceeds of crime after an ASIC investigation into an alleged SMSF scam.

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ASIC

ASIC freezes investment firm’s assets

November 3, 2023

Todd Wills

ASIC has successfully applied to the Federal Court to freeze the assets of a company that provides SMSF investment services after it failed to provide financial statements and auditor reports.

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ASIC, Auditing

More SMSF auditors sanctioned

October 20, 2023

Todd Wills

ASIC has taken enforcement measures against 11 registered SMSF auditors, resulting in the disqualification of three practitioners during the September quarter.

Record number of auditors referred to ASIC

September 8, 2023

Jason Spits

The number of referrals of auditors to ASIC by the ATO has climbed to its highest level in five years due to concerns about independence and evidence gathering.

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ASIC, Auditing, Compliance & Regulation

Eight SMSF auditors disciplined

July 28, 2023

Todd Wills

ASIC has disqualified the registrations of five SMSF auditors and placed additional conditions on the registrations of three SMSF auditors for failing to meet their auditing obligations.

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ASIC, Compliance & Regulation, SMSF

Unlicensed property scheme shut down

June 16, 2023

Jason Spits

The Federal Court has ordered an unlicensed SMSF investment scheme to be wound up and a lifetime ban from managing corporations for one of its directors.

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ASIC, Auditing

ASIC sanctions more SMSF auditors

April 21, 2023

Darin Tyson-Chan

ASIC has taken enforcement action against 11 registered SMSF auditors, including the disqualification of seven practitioners.

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ASIC

CommSec and Ausiex hit with penalties

November 4, 2022

Swagatalakshmi Roychowdhury

CommSec and Ausiex have been ordered to pay a collective fine of more than $27 million for overcharging brokerage fees.

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ASIC

Dixon Advisory hit with $7.2m penalty

September 23, 2022

Darin Tyson-Chan

Dixon Advisory has had a $7.2 million penalty imposed on it after it was found six of its authorised representatives did not act in their clients’ best interests.

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