What's wrong with ASIC?
It’s been four years since the Hayne royal commission delivered its blistering attack on ASIC, but business leaders worry about ongoing malaise in the corporate cop
Stay updated with breaking news from Danielle Press. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It’s been four years since the Hayne royal commission delivered its blistering attack on ASIC, but business leaders worry about ongoing malaise in the corporate cop
At the annual Association of Superannuation Funds of Australia conference, financial services regulators detailed their top priorities, including cybersecurity threats and fraud in the super industry.
ASIC Commissioner Danielle Press confirmed the regulator has been in touch with Treasury on how differing ‘reasonable minds’ could agree on a common ground in Levy’s recommendations.
<p><span>ASIC reminds company directors to ensure material business risks are adequately disclosed in annual reports, to better inform shareholders and prospective investors.</span></p>
The corporate regulator has taken action against hundreds of self-managed super fund auditors after they reportedly failed to meet compliance standards over several years.