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ASIC Media Release

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of Michael James Haley after finding he has ceased to carry on a financial services business.

Mr Haley's AFS licence cancellation became effective on 1 November 2017.
ASIC may suspend or cancel an AFS lic...

By Kwame Slusher



The Australian Competition and Consumer Commission (ACCC) has officially launched an inquiry into digital platform providers like Google and Facebook.

“We will examine whether platforms are exercising market power in commercial dealings to the detriment of consumers, media content creators and advertisers.

“The ACCC will look closely at lon...

By Kwame Slusher


By Eli Singer 


This article was originally published in the December Edition of the GRC Professional 
Please sign in to your member account to download your edition of the magazine. 


As compliance professionals, our main responsibilities involve ensuring our organisation’s compliance with applicable legislative and regulatory obligations...

By Kwame Slusher

ASIC Media Release

Following an ASIC investigation, Ms Tracey Joanne Burnell, 57, of Victoria, has been permanently banned from providing financial services.


Ms Burnell is currently the director of Landlord Protection Group Pty Ltd and the previous sole director of the companies Landlord Protection & Collection Pty Ltd (LP&C) (under external ad...

By Kwame Slusher

ASIC Media Release

ASIC has today accepted an enforceable undertaking (EU) from Foster Stockbroking Pty Limited (FSB) over the stockbroker's capital markets and research businesses, following an ASIC investigation into conflicts of interest.

FSB is an Australian financial services licensee based in Sydney that provides investment banking and tr...

By Kwame Slusher

ASIC Media Release

ASIC has negotiated the imposition of additional conditions on the Australian financial services (AFS) licence of MyPlanner Australia Pty Ltd (MyPlanner) after they found MyPlanner was giving poor financial advice, and lacked adequate monitoring and supervision of its representatives.


As a large number of representatives and ...

By Kwame Slusher



Red Balloon will pay a penalty of $43,200 for excessive surcharges after it received four infringement notices from the Australian Competition and Consumer Commission (ACCC).

The online trader that sells experiences such as sky diving and wine tours, allegedly breached new excessive payment surcharges laws in the Competition and Consumer Act o...

By Kwame Slusher