Search Results

Showing 11 - 20 of 208 results for "ASIC"

Fiducian fined $7.3m for greenwashing

KARREN VERGARA  |  TUESDAY, 31 MAR 2026  |  NEWS
... Aspirations Fund (DSAF). Subsidiary Fiducian Investment Management Services (FIMS) entered into the heads of agreement with ASIC to pay the $7.3 million pecuniary penalty. It will also reimburse ASIC for its legal costs of about $650,000. The product ...

ASIC launches sustainability reporting e-modules

KARREN VERGARA  |  MONDAY, 30 MAR 2026  |  NEWS
ASIC has launched sustainability reporting resources in conjunction with the Australian Accounting Standards Board (AASB), aiming to help companies with new sustainability reporting obligations. E-learning Modules 1 to 3 cover core concepts behind the ...

SMC outlines better practice principles for First Nations super members

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026  |  NEWS
... social structures; clearer, sector-wide guidance on acceptable non-standard ID; greater regulatory guidance from APRA and ASIC to set minimum expectations on cultural safety and service standards; and guidance and support for collecting Indigenous status ...

ASIC has 'strong appetite' to hold boards to account

ELIZA BAVIN  |  WEDNESDAY, 11 MAR 2026  |  NEWS
Following the landmark Federal Court decision in the case ASIC brought against Star Entertainment, ASIC chair Joe Longo said the regulator will not shy away from holding company directors to account. The Federal Court found two former senior executives ...

Star Entertainment judgement gives key lessons for directors

ELIZA BAVIN  |  MONDAY, 9 MAR 2026  |  NEWS
... passengers. They must actively and diligently carry out their oversight responsibilities based on the information they have." ASIC chair Joe Longo said the regulator pursued the case because it raised fundamental questions about trust, governance and ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026  |  NEWS
... 31 December 2025, the corporate watchdog received 9686 reports of misconduct (ROMs), raising 13,036 issues, new data from ASIC shows. ASIC said the increase in ROMs was driven largely by corporate governance concerns, including failures to provide company ...

UniSuper accused of greenwashing in GEO option

JAMIE WILLIAMSON  |  MONDAY, 23 FEB 2026  |  NEWS
The Environmental Defenders Office has made a formal complaint to ASIC on behalf of a UniSuper member, claiming the investment criteria of the GEO option was watered down significantly in March 2025, enabling greater investment in companies that do ...

ESG regulations have significantly shifted: Australian Ethical

ANGELIQUE MINAS  |  MONDAY, 22 DEC 2025  |  NEWS
... Diverging from international attitudes, the compliance crackdown by the Australian Securities and Investments Commission (ASIC) was a juxtapositional response to these trends, George said. "The regulator sees the line between what is acceptable and what's ...

ANZ hit with additional $10m penalty

MATTHEW WAI  |  MONDAY, 22 DEC 2025  |  NEWS
... substantial penalty needs to be imposed to achieve both specific deterrence and general deterrence," Beach said. Meanwhile, ASIC chair Joe Longo said ANZ is a "critical part" of Australia's banking system and must do better. "The size of the penalties ...

ASIC releases educational resources on sustainability reporting

JAMIE WILLIAMSON  |  MONDAY, 15 DEC 2025  |  NEWS
ASIC released new educational materials to help smaller companies and report preparers in understanding and applying the foundational concepts behind the sustainability reporting requirements. ASIC has worked with the Australian Accounting Standards ...