“Financial and emotional devastation”: Farmers speak up about bank repossession tactics
Dozens of devastated farmers have laid bare their anguish after their properties were repossessed through alleged misconduct.
ASIC sues PayPal over fee discrepancy terms in small business contracts
ASIC is going after PayPal Australia over fee discrepancy terms in small business contracts, which it says are 'unfair'.
ASIC shapes up as small business sheriff, pledging more action on unfair contracts and dodgy lending
The Australian Securities and Investments Commission has issued its new corporate plan, pledging to crack down on unfair contract terms and dodgy deals offered by big business partners and financiers.
Scrapped: Business registry modernisation scheme halted after projected $2.3 billion blowout
It was meant to slash costs and complexity for Australian businesses. Instead, the federal government has scrapped the Modernising Business Registers program, owing to billion-dollar blowouts, crushing delays, and a significant underestimation of the task at hand.
‘Tell the full story’: ASIC sounds alarm on companies’ financial statements amid heightened scrutiny
ASIC has warned directors and auditors it will be drilling down into how complete a “story” companies are telling in their narrative disclosures in financial statements this year.
Business restructuring appointments surge as experts welcome SME “lifeline”
Business restructuring practitioner appointments are surging compared to 2022 levels, data from Australia's corporate regulator shows, as one accountant describes being "overwhelmed" by rising interest among struggling SMEs.
BNPL products like Afterpay will now have similar regulation to credit cards
After years of scrutiny, BNPL products such as Afterpay will now be regulated under The Credits Act. Assistant Treasurer Stephen Jones announced the move on Monday.
Future Super pays $13,000 ASIC fine over Facebook post that ‘overstated’ its green impact
Sustainability focused superannuation fund Future Super has become the latest Australian company to be handed a fine by the corporate regulator for so-called 'greenwashing'.
Australia-first as watchdog ASIC takes Mercer Super to court over greenwashing
ASIC alleged Mercer's sustainable superannuation products invested in no fewer than 15 fossil fuel companies including AGL Energy, BHP Group, Glencore, and Whitehaven Coal.
Greenwashing the top priority among a dozen key ASIC focuses for 2023
ASIC says greenwashing, along with predatory lending and misleading insurance pricing, will be a “continuing focus” for the agency in 2023.
ASIC’s $1.5 billion business registry overhaul now under review after cost blowouts and major delays
A troubled project to consolidate ASIC's technical hairball of business registries has been sent back to the mechanic’s shed before the budget.
Swyftx quietly announced the closure of its Earn product while everyone was on Christmas break
Australian cryptocurrency exchange, Swyftx, is closing its high-interest Earn product. It notified customers during the Christmas long weekend after ASIC began legal proceedings against similar products in the market.
