The 'existential' threat facing the corporate watchdog Corporations and regulators are struggling to adapt to modern business conditions and regular Australians are suffering as a result, says ASIC boss Joe Longo. AAP · Jan 24, 2025
Risk or reward: mandatory climate reporting to begin The start of mandatory reporting on climate risks for large companies and financial institutions is expected to bring challenges for entire supply chains. AAP · Dec 30, 2024
NAB sued for failing customers in financial hardship Customers facing issues such as domestic violence and serious medical conditions were let down by NAB in their requests for support, a lawsuit alleges. AAP · Nov 18, 2024
Corporate cop wants finer silk to take on big business Commonwealth caps on how much the financial market regulator can pay lawyers are giving major corporations an advantage in court. AAP · Nov 1, 2024
One ASIC more than enough, says corporate cop chief Splitting the Australian Securities and Investments Commission doesn't have the backing of the chairman who says a funding boost is needed to catch more crooks. AAP · Oct 23, 2024
Watchdog sues ASX Ltd for 'misleading' upgrade claims Share market operator ASX made misleading statements when it said a platform upgrade was "on track" and "progressing well", the corporate regulator alleges. AAP · Aug 13, 2024
Huge growth of private capital catches regulator's eye The Australian stock market has been shrinking thanks to a growing number of private equity buyouts and questions are being asked as to why. AAP · Jul 26, 2024
China food giant sued for Aussie wheat-market meddling Australia's corporate watchdog has taken a Chinese state-owned food processor to court over accusations it manipulated the market for wheat prices. AAP · Jul 25, 2024
PwC to face scrutiny over advice to clients that might allegedly ‘mislead or subvert’ foreign investment review board ATO discloses concerns that date back to 2019 in response to questions from Greens senator Barbara Pocock The Guardian - AU · Jun 4, 2024
Mortgage defaults rise as borrowers struggle to keep up The number of borrowers experiencing financial hardship is mounting and banks have been warned to do more to help households struggling to meet repayments. AAP · Jun 4, 2024
AI race being lost in climate of fear, inquiry told Investment in AI is lacking and Australia is missing out thanks to a climate of fear over risks posed by the technology, a Senate inquiry has been told. AAP · May 21, 2024
'Abandoning customers': lenders fail battling borrowers Mortgage stress in Australia is at its highest level since the global financial crisis but many borrowers are finding it too hard to get help from their bank. AAP · May 19, 2024
Sustainable investment must be real not faked: ASIC The corporate watchdog wants Australia to attract sustainable investment, not scare it off, but not at the expense of well-meaning consumers and investors. AAP · May 1, 2024
Two cryptocurrency companies collapse owing $160m Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses. AAP · Apr 12, 2024
AAP · Mar 20, 2024 Directing companies shouldn't be a Sisyphean task: ASIC The chair of Australia's corporate watchdog has drawn on Greek mythology to call out company directors who think their jobs are too hard.
The Guardian - AU · Nov 16, 2023 Loan sharks taking advantage of desperate Australians amid cost-of-living crisis, Asic warns Corporate watchdog says lenders targeting people with small, high-interest loans, leading to ‘debt spirals’
AAP · Nov 12, 2023 'Alarming': big gaps in organisations' cyber security The corporate regulator has called on organisations to prioritise cyber security after a survey revealed significant threats to the private data of Australians.
The Guardian - AU · Apr 6, 2023 Crypto exchange Binance has Australian financial services licence cancelled by Asic Regulator says Binance must cease trading by 21 April after it incorrectly classified hundreds of retail customers as wholesale investors
AAP · Mar 28, 2023 Share market operator probed for bungled system upgrade Corporate watchdog ASIC is investigating Australian share market operator ASX for potential breaches after a botched overhaul of its transaction system.
Sports Illustrated · Mar 25, 2023 Phillies, Nola Fail to Agree on Extension Ahead of Opening Day The starting pitcher is set to hit free agency in the offseason.
AAP · Nov 3, 2022 Buy-now-pay-later, fast cash sector warned The corporate regulator has warned it's keeping a close eye on lending products being offered to consumers in the tougher economic environment for households.
AAP · Oct 14, 2022 ASIC secured $230m in corporate fines Two of the big four banks are among the corporations hit with penalties totalling almost $230 million secured by ASIC in the last financial year.
Daily Mirror · Sep 9, 2022 Joey Lawrence and Samantha Cope announce they are expecting first child together Joey Lawrence, 46, best known for playing Joey Russo in Blossom and Joe Longo in Melissa & Joey, already has two teenage children with ex-wife Chandie Yawn-Nelson, who he was married to for 15 years
The Guardian - AU · Jun 7, 2022 Embattled buy now, pay later sector to be regulated under credit laws Financial services minister Stephen Jones says government will also move to regulate cryptocurrency exchanges like other financial markets
The Guardian - AU · May 31, 2022 Consumer groups urge ASIC to mount full investigation into collapsed funeral fund Youpla Letter from Save Sorry Business coalition also asks that regulator continue misleading and deceptive conduct case against company in federal court