News : ASIC

ASIC, Compliance & Regulation, SMSF

ASIC acts on suspected fraudulent websites

ASIC SMSF scam Joseph Cullia Zoran Markovic

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

ASIC Brite Advisors investment platform

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

ATO SMSF auditors disqualified

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

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ASIC, ATO, Auditing, Compliance & Regulation

Record number of auditors referred to ASIC

ASIC ATO SMSF auditors referral

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

SMSF auditors

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

SMSF property scheme

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

SMSF auditors

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

CommSec Ausiex penalties

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

dixon advisory penalty

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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ASIC, Auditing

Eight auditors fall foul of ASIC

ASIC SMSF auditors

ASIC has taken compliance action against a further eight SMSF auditors by deregistering five and imposing conditions on three between March and June this year.

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