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ASIC user-pays model draws flak

The government has taken a mistaken 'one-size-fits-all' approach to the funding of ASIC by proposing a user-pays model based on market capit...

by Tim Stewart

  • IOOF threatened with class action

    Plaintiff law firm Maurice Blackburn is inviting IOOF shareholders to join a class action against the financial services firm relating to IO...

    by Reporter
  • Turnbull backs Australia as financial hub

    Prime Minister Malcolm Turnbull has indicated the government is willing to pull various "tax levers" in order to turn Australia into a more...

    by Tim Stewart
  • FSC backs Trans-Pacific Partnership deal

    The Trans-Pacific Partnership Agreement is set to provide the Australian financial services industry with a platform into major economies wi...

    by Taylee Lewis
  • Draft legislation to combat lost super

    The federal government has released draft legislation aimed at reducing the incidence of lost and inactive superannuation accounts. ...

    by Reporter
  • ASIC cancels Dunfo Capital licence

    ASIC has cancelled the Australian financial services licence of wholesale service provider Dunfo Capital. ...

    by Reporter
  • ASIC sets up robo-advice taskforce

    ASIC has established an internal task force dedicated to examining the issues associated with robo-advice.   ...

    by Linda Santacruz
  • Stockbroker DJ Carmichael fined $300,000

    Western Australian stockbroking firm DJ Carmichael has paid a $300,000 infringement notice penalty for "creating a false or misleading appea...

    by Reporter
  • Fed making a 'mistake' on rates, says AB

    The US Federal Reserve has made a mistake by leaving interest rates on hold in September, echoing its decision not to taper its bond purchas...

    by Reporter
  • Banks must look beyond capital levels: APRA

    APRA chairman Wayne Byres has warned the big four banks that simply holding "plenty of capital" will not be enough for the prudential regula...

    by Huntley Mitchell

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