by Maja Garaca Djurdjevic | Feb 8, 2019 | News
The court has disqualified Michael Grochowski and Ian Stephens from managing corporations for five and a half years and four years, respectively, due to their being officers of companies that had failed and been wound up by the court, ASIC said.The court found that...
by Maja Garaca Djurdjevic | Feb 7, 2019 | News
The Telecommunications Industry Ombudsman’s (TIO) Systemic Spotlight has revealed that fraudsters steal a consumer’s mobile number by convincing the mobile service provider to switch the number to a new SIM card in the fraudster’s possession, known as “SIM swaps”.Once...
by Maja Garaca Djurdjevic | Feb 6, 2019 | News
The ASBFEO, Kate Carnell, noted the commissioner’s acknowledgement that the Australian Banking Association (ABA) Code of Banking Practice is “the chief protection for small business borrowers” and welcomes the strengthening of the code with enforceable code...
by Maja Garaca Djurdjevic | Feb 6, 2019 | News
These recommendations, and the government’s response, will inform ASIC’s priorities and strategic direction moving forward, ASIC said in a statement following the release of the report on Monday.The royal commission report identified ASIC’s enforcement culture as the...
by Maja Garaca Djurdjevic | Feb 5, 2019 | News
The ATO warned that scammers have been developing new ways to get taxpayers’ money and personal information over the summer break.”We are seeing the emergence of a new tactic, where scammers are using an ATO number to send fraudulent SMS messages to taxpayers...
