Search Results

Showing 51 - 60 of 204 results for "ASIC"

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... Parker said. Although some aspects of liability have been reduced, the Australian Securities and Investments Commission's (ASIC) regulatory actions have not. "Enforcement action will be pragmatic and proportionate: those are the key words I want to let ...

Litigation immunity sparks legal expert outcry

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... debated this week. The proposed immunity aims to give the watchdog the Australian Securities and Investments Commission (ASIC) time to bring companies up to speed about the new regime. Multiple groups have come out in support of a delay, including the ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
... Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable Plus ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
... disengagement by ACCR was a powerful signal that investors need to reevaluate their trust in emissions-intensive companies. "ASIC is pursuing corporate greenwash as a form of investor deception," Buckley said. Making public statements that a company ...

Aus funds hit by outflows, global gains for passive ESG

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
... analyst Shamir Popat. He added that action against greenwashing by the Australian Securities and Investments Commission (ASIC) did not materially contribute to underperformance. "ESG integration has become the norm for most fund managers, and investors ...

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

THE GREENER WAY  |  TUESDAY, 16 JUL 2024  |  NEWS
... 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 ...