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News

Calls to restore ASIC funding

CHOICE has put its weight behind the growing calls for the government to provide more resources, rather than cuts to funding for the Australian Securities and Investment Commission (ASIC).

Retirement Planning

Push for greater ASIC powers

The government is considering a move which would see ASIC granted the powers to remove financial products.

News

Aldi warned over surcharges

The supermarket chain Aldi this week has been warned by the Australian Securities and Investments Commission (ASIC) over its lack of in-store disclosure on credit card surcharges, as well as tap-and-go payment surcharges. n n

Finance News

Recovering from financial oblivion

The Weirs lost their life savings in the Storm Financial collapse, but what lessons have they learned and what advice would they give to others?

Government grabs your cash

Under the new ‘three-year rule’ the Australian Securities and Investments Commission (ASIC) has reported that it has collected more than $360 million from 80,000 dormant bank accounts.

‘Deeming’ accounts to disappear

ASIC forces banks to come clean on deeming accounts

ASIC blocks 250,000 websites

ASIC revealed Tuesday that it had ‘accidently’ blocked 250,000 websites in March.

Internet

Government web filter stuff-up

1200 Australian websites were blocked by ISPs after an ASIC stuff-up.

Government grab for inactive bank accounts

As of May this year any bank account which has not seen activity for three years can be transferred into the Government’s hands. Previously the account had to have been inactive for seven years, but the Federal Government rushed the legislation amendment through late last year in a bid to raise $109 million this financial year (it is unclear how they have arrived at this figure).

Superannuation

Missing money

Can you imagine money that is rightfully yours, just sitting somewhere, unclaimed? The Australian Investment Strategies Commission (ASIC) is urging Australians to lay their claim on $600 million, which has recently been turned over by banks, credit unions, insurance companies and companies taken over.

Legal & General

Blacklisted investments

Even the most savvy investors can have the wool pulled over their eyes but a simple check on the Australian Securities and Investment Commission (ASIC) database may help sort the good investments from the bad.

Seniors Finance

Resolving financial difficulty

The thought of taking control of your finances can seem daunting, especially if you’re struggling with debt or just finding it difficult to make ends meet. There are a range of free services to help get your finances back in order.

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