Topic: ASIC

ASIC is Australia's peak corporate regulator. We can advise members on what it does and what it means for you


Advocacy: A Price to Pay

Significantly higher penalties could well be on the way for corporate offenders following the recent report from ASIC’s Enforcement Review Taskforce.

The Regulator: Flight of the Phoenix

New measures are needed to curb the disturbing and costly rise in illegal phoenix activity.

Strengthening penalties for corporate and financial sector misconduct

The AICD has lodged a submission in response to the ASIC Enforcement Review Taskforce’s position paper on strengthening corporate and financial sector misconduct.

Regulator: Funding Changes Ahead

Industry needs to prepare for changes to how the Australian Securities and Investments Commission (ASIC) is funded, writes John Price.

Combatting illegal phoenixing

On 31 October 2017, the AICD lodged a submission on several measures proposed to combat illegal phoenixing. In the submission, the AICD reiterated support for the introduction of director identificati...

Directors Counsel: FoFA being interpreted in the courts

The principles behind the Future of Financial Advice legislation may be emphasised by powers given to ASIC, writes Bob Baxt.

APRA and ASIC’s key insights on risk culture in the financial sector

Poor risk culture at financial institutions has the potential to hurt investors, consumers and the entire financial system. At an AICD event, APRA’s Chairman and an ASIC Commissioner gave their though...

ASIC gets busy with financial reports and information for directors

ASIC has released a number of resources to assist preparers, directors and auditors improve the quality of financial reports in the FY17 reporting season. AICD Senior Policy Adviser, Kerry Hicks, unpa...

What directors need to know: FY17 financial reporting

While directors are not expected to be accounting experts, they play an important role in ensuring the accuracy and quality of annual financial reports. Aletta Boshoff, IFRS Advisory Specialist at BDO...

ASIC shares lessons for emerging market issuers and gatekeepers

The continued prevalence of emerging market issuers has led the corporate regulator to release a report on the key challenges associated with these issuers and what directors and other gatekeepers can...
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