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RARE PHOTOS: Asic - The Real Truth

Di Nardo real estate companies traded while insolvent, liquidator says

Property interests transferred to Di Nardo's fiancee before collapse.

Newcastle Herald

Insurers warned against offering dodgy cash settlements

The financial regulator has found insurers often offer cash payouts to repair damage based on a single quote, which can leave customers out of pocket.

AAP

Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says

Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeowners

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Financial watchdog sinks teeth into rapid tech changes

Protecting consumers amid emerging new financial systems and adapting to artificial intelligence are leading challenges for Australia's financial watchdog.

AAP

Deepfake Anthony Albanese used in celebrity scams duping Australians out of $7.4m, Asic warns

Australia’s corporate watchdog says PM is the figure most commonly used in deepfakes to promote phoney investment opportunities

The Guardian - AU

'Central to our plan': Angus Taylor on which agencies the Coalition wants to cut

Opposition leader says the APS under Labor is 'failing Australians'.

The Canberra Times

Watchdog warns novice investors of hidden risks

Australians who want to invest their money aren't always properly informed about the perils that seemingly low-risk products entail, a watchdog has warned.

AAP

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Your will may not decide where your super goes: About 15.7 million Australians are estimated to lack a binding death-benefit nomination

Millions of Australians may believe their superannuation will automatically go to the people they name in their will when they die. But this is not necessarily so. A recent news report by ABC Information & Services News suggests that around 15.7 million Australians may not have a legally binding death-benefit…

The Times of India

Car insurance customers in the dark about fee hikes

Car insurance premiums surged eight per cent while the broader consumer price index rose three per cent, in part due to a surge in vehicle theft in Victoria.

AAP

Car owners should challenge insurers on steep price hikes and ‘call their bluff’, Asic says

Regulator finds many insurers raising premiums faster than inflation and advises customers to ask for better deals

The Guardian - AU

Corporate watchdog cracks down on more rogue operators

ASIC investigations has led to a surge in bans or licence cancellations for businesses and financial managers in the past financial year.

AAP

Companies may find it easier to join the ASX if these rule changes go ahead

Something strange has been happening in many financial markets around the world: the number of companies listed on public stock exchanges has been steadily declining.

The Conversation

World’s smallest GPU silicon passes real-world testing — 240,000-transistor TinyGPU v2.0 renders 3D graphics at up to 15 FPS while v3.0 prepares for 2026 release

The TinyGPU v2.0 'standalone GPU' silicon works, and was demonstrated in a video after it came back from its Tiny Tapeout production run.

Tom’s Hardware

How can I check my offset account is collecting the savings it should?

Do you use an offset account to save money on your mortgage? It might be a good idea to contact your bank and check it has actually been set up and is working as it should.

The Conversation

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The Guardian - AU

Mortgage offset account errors mean some Australians are owed thousands of dollars. Are you among them?

Asic review finds banks repaid millions to borrowers who unknowingly paid too much interest on their home loans

AAP

Shoddy bank record-keeping hits savers as scammers lurk

Many Australian banks are flying blind when customers ask them to confirm the details of mortgage offset accounts, leaving thousands of borrowers at risk.

The Guardian - AU

Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds

Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loans

The Canberra Times

'Bridge to nowhere': government innovation initiative fails to launch start-ups

Review calls for total reset of financial innovation program.

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The Economic Times

KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal

KPMG Australia has penalized seven staff members for misusing confidential client information. Financial penalties up to A$180,000 were imposed after an internal audit leak probe. This scandal has already led to the resignations of the firm's CEO and other senior leaders. The Australian Securities and Investments Commission is also investigating…

AAP

'It breaks your heart': scammers fake a real economist

A well-known economist has spoken about his experience of being impersonated by scammers, warning vulnerable Australians not to fall for their tricks.

The Economic Times

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

AAP

Corporate regulators told not to hinder nation's growth

Corporate regulators ASIC and APRA have been directed to prioritise economic growth and productivity, in new guidance provided by Treasurer Jim Chalmers.

AAP

Super funds accused of slow action on customer support

A study by a consumer advocacy group claims super funds are failing customers but the methods of the "mystery shopper" sting have been called into question.

AAP

Audit firms to be investigated following KPMG scandal

Major consulting companies will have their audit firms investigated by the corporate watchdog in an inquiry triggered by allegations surrounding KPMG.

The Conversation

‘Not fair and honest’: KPMG and other audit firms finally face a reckoning – and a potential break-up

The “big four” audit and consulting firms face a likely crackdown that could even lead to the firms being broken up, following a string of ethical failures.

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