Stephen Robert Allen, the sole director of K.H.N Holdings Pty Ltd trading as Alkemade & Associates, was sentenced to serve a Community Correction Order of 70 hours over 12 months and fined $20,000 for making false statements to induce others, by the Melbourne County Court on 29 July 2024. Mr Allen was also convicted and …
ASIC is seeking feedback on our proposal to extend the relief currently provided to employee redundancy funds from the AFS licensing and managed investment provisions of the Corporations Act. The relief is due to expire on 1 October 2024. The proposal involves remaking ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150 and extending the relief …
ASIC proposes to extend relief for employee redundancy funds Read More »
Lenders can do more to help consumers build better credit card habits, an ASIC report reveals. Credit card lending in Australia: Staying in control (REP 788), looked at around 20 million credit card accounts across 13 lenders over six years. ASIC Commissioner Kate O’Rourke said, “While many Australians have changed how they use credit cards, …
ASIC report finds credit card debt still a pain for many Australians Read More »
ASIC has released a consultation paper on proposed rules to facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group. It is the first time ASIC is exercising its new powers under the competition in clearing and settlement (CS) reforms. The consultation seeks feedback on our proposals to: implement …
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