News Articles for Australian Securities and Investments Commission

A former director of a WA tiling company has been charged with making a false statement to the corporate regulator, allegedly hiding the company's debt.

Former test cricketer Wally Edwards and his partner Kerry have purchased the site containing three units from Hero Properties.

RM Capital Pty Ltd and its authorised representative have been penalised $925,000 over what the corporate watchdog has labelled a systemic failure to uphold consumer protection safeguards.

ASIC has hit the ASX with a $150 million charge after it found the share market operator had prioritised profits and returns over robust governance.

Winery owner Andrew Hopkins has revealed his plans for the Fremantle warehouse and former The Sunshine Harvester Works site.

One of the country's biggest superannuation fund trustees will pay a $23.5 million penalty after more than 7,000 of its members experienced unreasonable delays.

Two directors of a Perth insurance broking firm have been convicted and fined $15,000 for failing to lodge financial documents with the corporate regulator for five-years.

The corporate regulator is suing sunken explorer AVZ Minerals and two Perth directors for allegedly failing to disclose an escalating legal dispute linked to a mammoth African lithium deposit.

The state has dropped its charges against Victoria Park businessman Dean Scook, including eleven counts of stealing.

The state's Supreme Court has sentenced Chris Marco to 14 years' imprisonment, after he was found guilty of defrauding investors of $34 million.

The national food charity and rescue organisaton is the first tenant of a new 2,000-square metre warehouse in Kewdale, after securing a 10-year lease from Paul Sarich.

The corporate watchdog has permanently banned Noel Northcott from the financial services industry, after an investigation into a fund's $11.3 million loss.

Two Perth insurance players have been charged over a five-year failure to lodge financial statements after the corporate watchdog launched an investigation.

Trading platform Cboe Australia has gained approval from the corporate watchdog to list new companies on its rival exchange, as the ASX faces a sharp slowdown in IPOs.

ASIC chair Joe Longo has announced he will not seek re-appointment, finishing on May 31 next year.

Duncan Stewart, the brother-in-law of then-Kidman chief executive Martin Donohue, has been sentenced for insider trading in relation to the Wesfarmers takeover of Kidman Resources.

Big Four bank ANZ has been slugged with one of the largest penalties ever for widespread misconduct, ranging from overstating trades to charging dead customers.

A jury has found Chris Marco guilty of defrauding investors of more than $34 million, after a five week trial in the state's highest court.

A former financial adviser has appeared in a Perth court after being extradited from New Zealand, over allegations of stealing $4.1 million from her clients.

A failure by one of Australia's largest superannuation funds to disclose issues to ASIC, including incorrect insurance refunds for dead members, has resulted in Federal Court action.

Beacon Minerals geologist Darryl Mapleson has been sentenced to 12 months jailtime, although is unlikely to spend any time behind bars after agreeing to a $5000 good behaviour undertaking.

Banks will pay more than $93 million to refund low-income customers who were charged excessive fees, after a review by the corporate watchdog.

The corporate watchdog will probe the debt management and credit repair sector, in a bid to strengthen consumer protection.

A funeral fund which scammed thousands of dollars from vulnerable Indigenous people has been handed further fines, after it was found to be misrepresenting its Aboriginal-owned status.

Mineral Resources chair Malcolm Bundey will review the planned departure of Chris Ellison from the company, in a move which gives a glimmer of hope to the founder's supporter base.

The corporate watchdog has cancelled the licence for Perth financial services provider Ballast, a firm which has been involved in regulatory disputes for years.

Australia's corporate watchdog has appointed a high-profile panel to investigate the ASX following outages, compliance breaches and a failed blockchain upgrade.

ASIC chair Joe Longo says surveillance in the private credit space has already uncovered “grubby behaviour” as he takes a closer look at the private markets.

The corporate umpire has launched an inquiry into the Australian Securities Exchange following “repeated and serious failures at ASX”.

The Victorian developers are intending to revitalise the long-vacant site with a ‘mixed-use redevelopment'.

The corporate watchdog is streamlining the timeframe for initial public offerings on the local stock market as new listings diminish to a decade-low.

A former geological consultant to Beacon Minerals has pleaded guilty to insider trading, over almost 6.7 million shares, in the Supreme Court of Western Australia.

ASIC is suing Macquarie Securities for misreporting millions of short sales over 14 years, marking the regulator's first case on short sale reporting.

Ascent Investment and Coaching director Michael Dunjey appeared before a Perth court today, facing 33 criminal charges relating to an allegedly fraudulent scheme.

Australia's corporate regulator has taken aim at Macquarie over longstanding compliance failures in the bank's futures and derivatives trading arm.

The corporate watchdog has launched civil legal action against under-administration gold play Wiluna Mining and its former chairman over “misleading claims to investors” on its last-ditch capital raise.

Corporate regulators have called on the local bourse to put the “highest priority” on resolving the underlying issues that led to a settlement system failure in 2024.

Bond market specialist FIIG Securities has been sued by ASIC over alleged cybersecurity failures which enabled the theft of 385GB of data, which was then published on the dark web.

The corporate watchdog has sued the trustee Australia's largest superannuation fund over the delay in processing thousands of death benefit claims.

The trustee of Australia's largest superannuation fund has been hit with a $27 million fine for failing to merge multiple member accounts, resulting in duplicate fees.