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Australias corporate regulator on Wednesday asked the countrys banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving First...

Australia's corporate regulator on Wednesday asked the country's banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving First Nations people into low-fee accounts.

Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members.

ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees.

ASIC has warned it will be drilling down into how complete a “story” companies are telling in their disclosures in financial statements.

Miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

<p><span>ASIC urges directors, preparers of financial reports and auditors to assess the impact of uncertain market and economic conditions on reporting for full and half-years ending 30 June 2023.</span></p>

ASIC has cancelled the registration of a further 29 auditors of self-managed superannuation funds (SMSFs) who failed to lodge their annual statements. This is in addition to the cancellation of 374 S

This after failing to lodge their annual statements to ASIC

An ASIC review has found super fund trustees need to do more to optimise the benefits their members receive from group insurance through super.