Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Regulators release feedback on financial institutions’ preparation for…
ASIC has released feedback on responses to the ‘Dear CEO’ letter (PDF 73KB) from selected major Australian financial institutions, detailing their preparation for the end of London Interbank Offered Rate (LIBOR) – an initiative supported by the…
ASIC to provide additional time for unlisted entity…
ASIC today announced that it will extend the deadline for unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act 2001 (the Act) by one month for balance dates from…
RBA: Regulators Release Feedback on Financial Institutions’ Preparation…
ASIC has released feedback on responses to the ‘Dear CEO’ letter from selected major Australian financial institutions, detailing their preparation for the end of London Interbank Offered Rate (LIBOR) – an initiative supported by the Australian…
ASIC commence proceedings against Mayfair 101 and Mayfair…
ASIC has commenced proceedings in the Federal Court of Australia against companies in the Mayfair 101 group, alleging that its advertisements, promoted on Mayfair’s websites and in online media, are misleading or deceptive. Mayfair Wealth…
Charterhill director George Nowak sentenced to ten years’…
On 2 April 2020, Mr George Nowak was sentenced in the District Court of South Australia to ten years of imprisonment with a non-parole period of six years and three months. Part way through his…
20-075MR Facilitating capital raisings during COVID-19 period
ASIC is committed to refocusing its regulatory efforts on challenges created by the COVID-19 pandemic. In line with this approach, ASIC is helping listed companies raise capital quickly by giving temporary relief to enable certain…
Statement by the Council of Financial Regulators –…
As Australia's financial system adjusts to the coronavirus (COVID-19), financial regulators and the Australian Government are working closely together to help ensure that Australia's financial markets continue to operate effectively and that credit is available…