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ASIC Updates 2023-24 Licensing and Professional Registration: Crypto, BNPL, and More in Focus

Australia, Business, Community, Compliance, Industry /

ASIC Updates 2023-24 Licensing and Professional Registration: Crypto, BNPL, and More in Focus The Australian Securities and Investments Commission (ASIC) has released its 2023-24 update on licensing and professional registration activities, providing key insights into its gatekeeping role in maintaining market integrity. As detailed in Report 797: Licensing and Professional Registration Activities (REP 797), ASIC […]

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Shaping the Future of Finance: The Role of Leading Global Regulatory Authorities

Business, Community, Industry /

Shaping the Future of Finance: The Role of Leading Global Regulatory Authorities In today’s interconnected financial landscape, regulatory bodies like the U.S. Securities and Exchange Commission (SEC), the Financial Conduct Authority (FCA), and the European Securities and Markets Authority (ESMA) play critical roles in establishing trust, ensuring compliance, and fostering innovation across global markets. From

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Asic to phase in financial sector reforms

Community /

  The new laws include design and distribution obligations, restrictions on the unsolicited selling of financial products (hawking), a deferred sales model for add-on insurance products, reference checking and information sharing requirements for financial advisers and brokers, and new requirements around how breaches are reported to ASIC and disputes are managed internally in firms. “These

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Everything you need to know about NSW’s COVID lockdown financial support

Community /

Businesses forced to close due to the Sydney lockdown will be eligible for weekly payments.(ABC News: James Carmody  NSW’s COVID-19 lockdown will go for at least another four weeks, prompting the state and federal governments to announce more financial lifelines for businesses and individuals. The new measures will cost about $750 million a week and

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How to claim the COVID-19 Disaster Payment: $100 increase for week four of lockdown

Business, Community /

The Federal Government’s COVID Disaster Payment has once again gone through another change – this time bumping up the weekly payment by as much as $100 if a state’s lockdown goes into a fourth week. Prime Minister Scott Morrison announced this afternoon that if you are unable to work due to public health orders, you

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Small business crushed by NSW lockdown extension

Business, Community /

$1 billion a week: NSW lockdown extension threatens to push small retailers into insolvency   An extension of the lockdown for Greater Sydney and surrounds could be the tipping point for small businesses to consider insolvency, leading bodies have warned. The Australian Retailers Association (ARA) estimates that for every week the lockdown continues, retailers collectively

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