Tag: Asic

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today released draft legislation cracking down on market offences, such as insider trading.

Australia’s Corporations and Markets Advisory Committee (CAMAC) yesterday did not recommend a new code of conduct for directors in its report on Guidance for directors, however does urge director to take guidance from Chartered Secretaries Australia (CSA) and other professional associations.

The Australian Securities and Investments Commission (ASIC) has revealed it will begin its investigations against mining company Rio Tinto after Stern Hu and three others were found guilty of taking bribes and obtaining trade secrets last month.

ASIC has reached a compensation agreement worth $13.5 million over failed property investment scheme run by Westpoint Group, the forth such settlement approved by the Federal Court. As a result of the settlement with trustee State Trustees of Melbourne  approximately 525 investors in the failed property group will be able to to submit a proof […]

The Australian Securities and Investment Commission (ASIC) will launch a shadow-shopping program in the 2009/10 financial year to review the methods of financial advisers. A shadow shop is an anonymous visit to an adviser to experience what an ordinary consumer would experience when seeking advice. David Whiteley, executive manager of Industry Super Network, says the […]

Despite the turbulence created by the global financial crisis, it remains smooth sailing for business growth across Australia. In 2008, there were 1668610 registered companies, according to the Australian Securities and Investment Commission (ASIC). That’s nearly 67000 more than at year’s end 2007. While there are plenty of reasons to start a company, there’s almost […]