ASIC’s role as regulator under question

ASIC’s role as regulator under question

The IPA pointed to ASIC’s 2016-17 annual report, noting that the corporate regulator raised $920.24 million for the federal government in fees and charges, a 5 per cent rise from the previous year. However, it also received around $349 million in appropriation revenue...
Ombudsman outlines ‘simple’ changes for small business

Ombudsman outlines ‘simple’ changes for small business

In releasing the ASBFEO position paper, Ombudsman Kate Carnell said it contains practical and realistic solutions that “attempt to make it simpler for businesses to do the right thing and build their confidence to employ”.She said there was an overwhelming...
IPA cautious about regulation of deposit activity

IPA cautious about regulation of deposit activity

Institute of Public Accountants chief executive Andrew Conway said that while APRA’s removal of the 10 per cent speed-limit on investor lending growth may be good for individuals and small businesses, the IPA was cautious about the ability of certain ADI boards to...
New ASIC memorandum to address phoenix activity

New ASIC memorandum to address phoenix activity

Both ASIC and DJSB are part of the Phoenix Taskforce, comprising more than 20 federal, state and territory government agencies, that provides a holistic approach to addressing illegal phoenix activity, ASIC said in a statement.It said the memorandum will help inform...