11+ hour, 16+ min ago   (879+ words) Effective from 4 September, Garry Crole was banned from performing as a director or responsible manager or any function involved in carrying on a financial services business, which ASIC said was a result of concerns related to his former roles as…...

3+ day, 11+ hour ago   (513+ words) Shane Monte Silva, formerly an authorised representative of FSGA and financial adviser at AS Financial Planning Pty Ltd, was initially banned by the regulator on 10 December 2025 after finding he had contravened financial services laws when providing superannuation switching advice to…...

6+ day, 11+ hour ago   (600+ words) Garry Crole has been banned by the regulator for 10 years from performing as a director or responsible manager or any function involved in carrying on a financial services business, effective from 4 September. ASIC said the ban is the result of…...

6+ day, 12+ hour ago   (1040+ words) This provision allows super trustees to seek financial assistance from the Financial Services mister to cover losses resulting from fraud. In this case, that related to the $240 million lost across 2,079 members connected to Diversa. In his opening statement, Diversa independent…...

1+ week, 13+ hour ago   (248+ words) According to MLC Expand, the guide will show advisers and their clients how to locate important Australian Taxation Office (ATO) super information in MyGov. This includes total super balance, concessional contribution cap history, non-concessional contribution information and transfer balance cap…...

1+ week, 13+ hour ago   (484+ words) Image credit: Songsak C / stock.adobe.com Managed accounts have exploded in the advice industry over recent years off the back of increased need for efficiency within advice practices in a bid to nudge capacity higher, leading to total funds…...

1+ week, 4+ day ago   (1008+ words) Shield and First Guardian have dominated conversations across advice for at least the last 12 months after the funds collapsed and financial calamity ensued leaving investors’ retirement savings in the wind and financial advisers picking up the bill. Before that it…...

1+ week, 5+ day ago   (349+ words) On 29 June, ASIC moved to cancel Capital Guard’s Australian financial services (AFS) license and later applied to the Supreme Court of New South Wales to wind up Capital Guard AU Ltd and seek the appointment of an independent liquidator to…...

3+ week, 9+ hour ago   (339+ words) The panel found that the relevant provider, anonymised as Mr H, charged a client fees over a 14-month period but failed to provide the services being paid for. “The [Sitting Panel] reasonably believes that the relevant provider has contravened a…...

3+ week, 3+ day ago   (585+ words) This Wednesday, Financial Services Minister Daniel Mulino announced to the National Press Club a suite of reforms that looked to correct issues with the Compensation Scheme of Last Resort (CSLR), super protections and access to financial advice. “We will also…...