Fringe lending practices in ASIC's sights
Mortgage stress could lead consumers to seek out fringe lending practices, now a particular area of ASIC’s focus.
Source: theadviser.com.au
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ASIC's Dixon Advisory complaints call highlights 'urgent' need for CSLR
An industry body has called for its establishment. A broad-based Compensation Scheme of Last Resort (CSLR) must be 'urgently established' in the wake of ASIC's Dixon Advisory complaints call, accordi
Source: ifa.com.au
IPA calls for ASIC's powers to be stripped | Accountants Daily
The IPA wants the Quality of Advice Review to make bold moves towards meaningful reform.
Source: accountantsdaily.com.au
FPA backs ASIC's scrutiny of finfluencers
The industry body has welcomed the news. The Financial Planning Association of Australia (FPA) CEO says it is encouraging to see ASIC take action on the risks posed by social media influencers – or
Source: ifa.com.au
ASIC's COVID relief for advice to automatically repeal next week
The COVID-19 instrument was first announced in 2020. ASIC has announced that the temporary relief for financial advice will be automatically repealed on 15 April 2022. Initially introduced in April 2
Source: ifa.com.au