While it’s impossible to eliminate fraud and corporate failures, ASIC must devote more resources to preventing them by closing gaps in the regulatory oversight of the industry. The biggest gap is the monitoring and surveillance of smaller AFSLs and, as such, smaller AFSLs should be contributing more to the ASIC levy, not advisers, writes Neil Macdonald.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Regulation