Search Results

Showing 11 - 20 of 159 results for "ASIC"

Podcast: Radical super reform for climate change progress with retirement heavyweight Jeremy Cooper

ROSE MARY PETRASS  |  TUESDAY, 16 JUL 2024  |  NEWS
... at Challenger, led the 'Cooper Review' into the super system, and earlier served as deputy chair of the corporate watchdog ASIC. Superannuation, with its long-term investment view, necessarily requires a transition to a sustainable economy to safeguard ...

Banks to refund millions following ASIC review

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... to 18 months, including $24.6 m to ABSTUDY recipients and customers in regions with significant First Nations populations. ASIC Commissioner Alan Kirkland said avoidable fees and complicated bank processes had caused financial distress, especially for ...

Retirement heavyweight pitches climate fix

ROSE MARY PETRASS  |  THURSDAY, 27 JUN 2024  |  NEWS
... renowned non-executive director has historically operated within superannuation and financial services. He was previously ASIC deputy chair. In March this year he pivoted, taking up a chair position on the carbon advisory board to help Future Group set ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
... meant to show how the super fund's investments make a difference, it said gambling investments were off-limits. However, ASIC found that contrary to Active Super's claims; its trustee, LGSS, had been directly invested in Pointsbet and lottery ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
UniSuper was recently hit with fresh allegations of greenwashing by a member who issued a complaint to ASIC in relation to certain holdings. The member believes UniSuper marketing two of its three responsible investment options as 'sustainable' places ...

ASIC consults on guidance for carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 8 MAY 2024  |  NEWS
... to the Australian financial services (AFS) licensing requirements. The Australian Securities and Investments Commission (ASIC) proposed an overhaul of its regulatory guide to address the safeguard mechanism reforms. The proposed updates, which address ...

Greenwashing crackdown will boost ESG fund flows: ASIC

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
... ensure their products are true-to-label in order to avoid greenwashing, the Australian Securities and Investments Commission (ASIC) chair said. Businesses with transparent and clear sustainability goals backed up by genuine ambition and action are not ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  MONDAY, 29 APR 2024  |  NEWS
... hardship as a result of these planned new reporting requirements." Meantime, Australian Securities and Investments Commission (ASIC) chair Joe Longo said growing interest in environmental, social, and governance issues had driven the need for more thorough ...

RIAA: Sustainability goes mainstream

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... managers, government relations, financial advisers, and of course, we are expecting sustainability leads to be there in droves." ASIC Chair Joe Longo will be at the conference to answer questions around greenwashing and product labelling, which are "front ...