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ASIC quarterly update January to March 2021

first_imgASIC quarterly update January to March 2021 ASIC has today released its first quarterly update report, which covers the period from 1 January to 31 March 2021.The January to March 2021 period saw ASIC continue to support Australia’s economic recovery from the COVID-19 pandemic. We supported banks, superannuation trustees and insolvency practitioners to understand and comply with changes in the regulatory environment. ASIC also provided information to consumers impacted by the COVID-19 pandemic and natural disasters.During January to March 2021, ASIC continued to progress its work related to Government reforms that expanded ASIC’s role in superannuation to include conduct regulation. We are working closely with APRA to drive good conduct in the superannuation sector.The report also covers ASIC’s use of new regulatory tools such as the product intervention power, and our preparation for new tools introduced by recent law reforms.Read the full report /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:APRA, ASIC, Australia, Australian Securities and Investments Commission, covid-19, environment, Government, law, law reform, pandemic, regulation, superannuationlast_img read more