News : ASIC

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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ASIC, Investments

ASIC penalises SMSF admin firm

ASIC SMSF

Squirrel Superannuation Services has been ordered to pay a penalty after ASIC found it falsely marketed investment returns for residential property held via SMSFs.

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ASIC

ASIC prosecutes crypto lender

ASIC cryptocurrency lender

ASIC has commenced legal action against a cryptocurrency lender it claims was operating without a credit licence.

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ASIC, Cryptocurrency

SMSFs warned over crypto scams

ASIC cryptocurrency

Cryptocurrency investment scams trapping SMSFs with the promise of high returns have increased, according to ASIC.

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ASIC

ASIC shuts down Gold Coast firm

ASIC A One Multi

ASIC has moved to shut down an unlicensed financial services business it claims misused funds from SMSFs for its own benefit.

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