Lucy gets ASIC’s top job
18 May 2004
After months of indecision, the Government has finally given Jeffrey Lucy a three-year term as Chairman of the Australian Securities and Investments Commission…
Regulatory & Government
Regulators win in the Budget
18 May 2004
The industry regulators were big winners in last week’s Federal Budget…
We don’t know it all, says APRA boss
18 May 2004
APRA Chairman John Laker wants submissions on the regulator’s proposed changes to corporate governance standards, admitting the body does not have all the answers…
Costello calls competition inquiry
11 May 2004
Treasurer Peter Costello has given the insurance industry a chance to again state its case against state monopolies by announcing a new inquiry into national competition policy…
ASIC puts the show on the road
11 May 2004
Just a few months after the Financial Services Reform Act came into operation, ASIC is forming a roadshow to tell the industry what’s next…
ASIC accuses former broker
11 May 2004
Former Tasmanian insurance broker Robin Brunetti has appeared in Burnie Magistrates Court on one charge of carrying on an unregistered broking business…
FSL reform could save thousands
04 May 2004
There’s plenty of pressure being exerted to keep a NSW parliamentary committee examining fire services levy issue on its toes…
Compliance order for planning business
04 May 2004
ASIC’s post-FSRA compliance audits are biting, with a Victorian financial advisory firm ordered to undergo four compliance audits in the next 18 months…
HIH director bailed to June
27 April 2004
Charles Abbott, former Deputy Chairman of failed insurance giant HIH, appeared in a Sydney court last week charged with dishonestly misusing his position as a company director…
Conroy vows to change the FSRA
20 April 2004
Consumers can’t get the full benefits of the Financial Services Reform Act because it has been “captured by lawyers who are more interested in the legal safeguards”…
ASIC bids to boost youths’ financial literacy
20 April 2004
ASIC’s latest attempt to improve children’s understanding of the financial world is targeted at high school students…
Whitlam case closed
06 April 2004
The High Court has refused to grant the Australian Securities and Investments Commission special leave to appeal against a judgement of the NSW Court of Appeal…
ASIC bids to stop door-to-door sales
06 April 2004
ASIC has obtained orders in the Federal Court to stop the selling of two death benefit funds to indigenous communities…
Former Hobart planner admits to stealing $4.5 million
06 April 2004
Former Tasmanian financial planner Mervyn Mitchell has pleased guilty to 110 charges in relation to the theft of $4.5 million from his clients…
APRA says industry needs stronger rules
30 March 2004
No matter what ASIC and its former Chairman might think, APRA still thinks the insurance industry needs unique – and stricter – corporate governance and fitness…
ASIC takes a ‘practical approach’ to FSRA
30 March 2004
It’s true: ASIC is being more flexible when it comes to the initial stages of implementing the FSRA…
We’re good at what we do, says APRA
30 March 2004
This time last year the prudential regulator was nervously awaiting the release of the HIH Royal Commissioner’s report, but now APRA says it has recovered from the results…
ASIC grants lawyers temporary FSR relief
30 March 2004
The Federal Government’s inquiries into unauthorised foreign insurers and discretionary mutual funds has forced ASIC to grant temporary relief from the FSRA…
Tanzer preaches consumer protection
23 March 2004
The Australian Securities and Investments Commission’s new Executive Director of Consumer Protection and International Relations Greg Tanzer…
Trust money relief for brokers
23 March 2004
ASIC has issued a class order providing limited relief to insurance brokers regarding their ability to pay money into a trust account under section 981B of the Corporations Act…