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The ASIC Podcast

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The official podcast of the Australian Securities and Investments Commission (ASIC)

The ASIC Podcast

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Episode 65: Crypto-assets for first time investors

In this episode we discuss crypto-assets for first time investors with Hema Raman, Crypto-Asset Coordinator at ASIC. If you're thinking about investing in crypto-assets, hear from ASIC on what to think about and look out for before you invest.

Episode 64: Markets enforcement outcomes

In this episode, we discuss the work of ASIC’s Markets Enforcement team. We are joined by ASIC Senior Executive Leader, Molly Choucair, to discuss recent Court action against AGM Markets and Antares Energy as well as ASIC’s Immunity Policy.

Episode 63: ASIC enforcement update July to December 2020

In this episode, we discuss ASIC’s Enforcement Update for July to December 2020. We are joined by ASIC Commissioner Sean Hughes who takes us through ASIC’s response to the COVID-19 pandemic and its major enforcement outcomes in 2020. For more information, download the enforcement report and read the media release.

Episode 62: Corporate governance enforcement outcomes

In this episode, we discuss the work of ASIC’s Corporations and Corporate Governance Enforcement team. We explore ASIC’s cases against former Kleenmaid director Mr Andrew Eric Young, former Executive Chairman and Chief Executive Officer of Healthzone Limited, Mr Peter David Roach and former liquidator David Leigh.

Episode 61: Risky business: land banking property investment schemes

Investing in land and property is certainly not a revolutionary idea. Australians have been investing in bricks, mortar and land for decades, but unfortunately not all property investment schemes are the same. 'Land banking' can produce returns for investors but comes with significant red flags. It is often unregulated, leaving investors without protection if things go wrong. In this episode, we explore some of the land banking schemes shut down by ASIC.

Episode 60: Holes in the safety net: A review of TPD insurance claims

In this episode we discuss the findings and recommendations from ASIC’s thematic review of total and permanent disability (TPD) insurance in Australia including what ASIC expects insurers and superannuation trustees to do to address the poor consumer outcomes. We are joined by the Senior Executive Leader of ASIC's Insurers team, Emma Curtis, and the Senior Executive Leader of the Superannuation team, Jane Eccleston. For more information about the review, download ASIC Report 633 Holes in the safety net: a review of TPD insurance claims and read ASIC media release 19-281MR ASIC calls on insurers and trustees to take action to improve consumer outcomes from total and permanent disability insurance.

Episode 58: Oversight of non-financial risk

In this episode, we discuss the first report from ASIC’s Corporate Governance Taskforce: Director and officer oversight on non-financial risk. We are joined by Suneeta Sidhu, the team leader of the Taskforce.

Episode 57: Are car insurance investigations treating consumers fairly?

In this episode, we discuss ASIC's review of how car insurance claims are investigated where fraud is suspected. We are joined by the Senior Executive Leader of ASIC's Insurers team, Emma Curtis, and the Director of Casework at the Financial Rights Legal Centre, Alexandra Kelly. For more information about the review, download ASIC Report 621 – Roadblocks and roundabouts: A review of car insurance claim investigations and read ASIC media release 19-172MR – ASIC’s review finds car insurance investigations treat consumers unfairly.

Episode 56: ASIC's case against former director Bradley Silver

In this episode, we discuss ASIC’s case against Bradley Silver, a former director of a property development company who defrauded his clients of $4.7 million. Read ASIC media release 19-243MR - Gold Coast director and property developer sentenced to eight years' imprisonment - for more information.

Episode 55: ASIC enforcement outcomes, January to June 2019

18 August 2019 In this episode with ASIC Deputy Chair Daniel Crennan QC, we explore ASIC’s Enforcement Update (January to June 2019), ASIC’s Office of Enforcement and work to strengthen ASIC’s enforcement effectiveness by accelerating court-based enforcement matters.

Episode 54: The future of financial services

In this episode with the Chair and CEO of the Ontario Securities Commission, Maureen Jensen and ASIC Executive Director (Markets) Greg Yanco explore digitisation, changing consumer expectations, disruptive business models, innovation and the future of financial services.

Episode 53: Creating Shared Value

In this episode with Peter Yates, Chairman of the Shared Value Project and Deputy Chairman of AIA Australia, ASIC’s Laura Higgins (Senior Executive Leader, Financial Capability) explores how the concept of shared value challenges companies to realign the interest of business and society by redefining their purpose so that generating economic value also produces value for society.

Episode 52: The regulatory toolkit

In this episode with the Assistant Managing Director (Capital Markets) of the Monetary Authority of Singapore, Lee Boon Ngiap, we explore how regulators deploy their tools to detect, combat and deter misconduct in the financial system.

Episode 51: ASIC's case against former financial adviser James Gibbs

On 10 July 2019, ASIC’s case against James Gibbs came to a close and he was sentenced to 10 years imprisonment, with a non-parole period of seven years to serve. James Gibbs stole $4.88 million from his clients when he was acting as their financial adviser. His clients trusted him with their savings, with their money to be used for their retirements, and he devastatingly broke that trust by using that money for his own purposes. In this episode, we hear from Dallas, one of Mr Gibbs' victims who helped build ASIC's case, as well as ASIC investigator, Chris Rowe. Read ASIC media release's for more information: 19-179MR Former Adelaide financial adviser sentenced to 10 years imprisonment

Episode 50: Balancing consumer choice and protection

In this interview with the Chair of the European Securities and Markets Authority Steven Maijoor, ASIC Commissioner Sean Hughes explores the balancing act between consumer choice, innovation and consumer protection and the use of product intervention powers by regulators around the world.

Episode 49: ASIC's case against hacker Steven Oakes

A man sits outside an office building on his laptop. He keeps to himself and passers-by don’t really notice him. He has been outside this office building before, but he is not interested in going inside. Unknown to those around him, and the company operating inside the building, this man is inside their network, accessing confidential information and reading their emails. He’s after inside information. Steven Oakes was sentenced on 25 June 2019 in the County Court at Melbourne to a total effective sentence of three years imprisonment, and ordered that he be released after serving 18 months of the term of imprisonment, on his own recognisance to be of good behaviour for 18 months, after pleading guilty to a total of 11 charges for insider trading, unauthorised access to data with the intention to commit a serious offence (insider trading) and the alteration of electronic devices required by ASIC. In this episode, we hear from the investigators behind ASIC’s case - Peter Ridgley…

Episode 48: International standard setting for insurance supervisors

In this interview with the Secretary General of the International Association of Insurance Supervisors (IAIS) Jonathan Dixon, ASIC Executive Director (Financial Services) Michael Saadat explores the role of the international standard setting body for insurance regulators - the IAIS, its priorities and challenges, and the impact of advancements in technology on regulation.

Episode 47: The power of a ponzi scheme

In this episode we take you behind the scenes of a ponzi scheme, where unbelievably good returns are offered to investors, the scheme operator seems to be trustworthy – but it’s all smoke and mirrors. ASIC investigators Kaan Finney and David McArthur explain how ponzi schemes work, how operators attract investors, how ASIC investigates and shuts down these schemes and most importantly, how can you can avoid getting caught up in a scheme. A ponzi scheme is an investment scam where the promoter convinces people to invest in the scheme. Money is deposited by early investors and used to pay the first round of returns. However, new money invested is used to pay older returns to investors. People are led to believe there is an investment because of this when often there actually is no investment at all or the investment is not what they think it is. There are practical tips on how to avoid ponzi schemes and other types of investment scams on ASIC’s MoneySmart website or you can subs…

Episode 46: ASIC enforcement update July to December 2018

ASIC has today released its enforcement update report for the period 1 July 2018 to 30 December 2018. A copy of the report - outlining key actions taken over the past six months to enforce the law and support our enforcement objectives - can be found here. The report also covers ongoing areas for particular focus, including ASIC Deputy Chair Daniel Crennan QC’s discussion of recent reforms enabling ASIC to pursue harsher civil penalties and criminal sanctions against banks, their executives and others who have breached corporate and financial services law.

Episode 45: Product intervention powers and design and distribution obligations

ASIC has welcomed the passage of key financial services reforms contained in the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) legislation introducing: * a design and distribution obligations regime for financial services firms; and * a product intervention power for ASIC The design and distribution obligations will bring accountability for issuers and distributors to design, market and distribute financial and credit products that meet consumer needs. Phased in over two years, this will require issuers to identify in advance the consumers for whom their products are appropriate, and direct distribution to that target market. The product intervention power will strengthen ASIC’s consumer protection toolkit by equipping it with the power to intervene where there is a risk of significant consumer detriment. To take effect immediately, this will better enable ASIC to prevent or mitigate significant harms to consumers. These reforms…

Episode 44: Former financial adviser Gabriel Nakhl sentenced to 10 years imprisonment

Mr Nakhl engaged in dishonest conduct and was found guilty in the District Court of New South Wales. The court set Mr Nakhl a non-parole period of 6 years. View the ASIC media release (19-055MR) for more information Mr Nakhl was convicted on eight charges (18-178MR), brought by ASIC, of engaging in dishonest conduct with investor funds. The conduct affected 12 investors while Mr Nakhl was a representative of Australian Financial Services Limited (in liquidation) and as sole director of SydFA Pty Ltd (deregistered). The court found Mr Nakhl advised clients to set up self-managed superannuation funds and to invest their superannuation and other funds in products such as shares, managed funds and high interest rate bank accounts. Rather than investing the 12 investors’ funds in these products, Mr Nakhl used these funds 'as he pleased' and for his own purposes. Mr Nakhl then lied to the investors, telling them that he had invested their funds in accordance with his advice and that th…

Episode 43: Climate risk disclosure

ASIC Commissioner John Price joins the podcast to discuss ASIC’s review of climate risk disclosure by listed companies in Australia. You can read the full transcipt below. TRANSCRIPT HOST: Hello, and welcome to the official podcast of the Australian Securities and Investments Commission. In today's episode, we'll be discussing ASIC’s review of climate risk disclosure by listed companies in Australia. My name is HOST Heilbuth and with me this time around is ASIC Commissioner, John Price. John, thanks for your time. JOHN: Thanks very much. HOST: Before we talk about ASIC’s report, can you define what we mean by climate risk? JOHN: A global Task Force on Climate-related Financial Disclosures puts climate-related risks into two main categories. The first is risks related to the transition to a lower-carbon economy. The transition includes policy, legal, technology and market changes – and this presents a number of risks to Australian companies. The second is a series of ris…

Episode 42: Registered liquidators and creditors

Nisansala Peries from ASIC’s Insolvency Practitioners team and Michelle Jakubauskas from ASIC’s Behavioural Research and Policy Unit join the podcast to discuss one way registered liquidators can help people who are owed money by a business (creditors) to navigate the complex landscape of an external administration. Download the letter and read more at asic.gov.au.

Episode 41: ASIC's review of the credit card market

Michael Saadat, ASIC's Senior Executive Leader - Deposit takers, Credit and Insurance, joins the podcast to discuss ASIC's review into the credit card market in Australia. Read the Report Consultation Paper media release Review into Credit Card lending media release Transcript below: ----more---- Lara Heilbuth: Hello, and welcome to the official podcast of the Australian Securities and Investments Commission. In today's episode we'll be discussing ASIC’s review of the credit card market. My name is Lara Heilbuth and with me this time around is Senior Executive Leader of Deposit Takers, Credit and Insurers at ASIC, Michael Saadat. Michael, thanks very much for your time. Michael Saadat: Thank you Lara. Lara Heilbuth: So, ASIC has had a look at the credit card market – can you describe the market for us? Michael Saadat: Yeah sure thing. We’ve done a really big review of the credit card market and the report that we’ve published has lots of really interesting information…

Episode 40: SMSF advice

ASIC Senior Executive Leader Jo Bird joins the podcast to discuss a review of self-managed super funds, and to give some advice to consumers who are thinking of setting up an SMSF. Read the reports of this review Report 575: SMSFs: Improving the quality of advice and member experiences and Report 576: Member experiences with self-managed superannuation funds, and find out more about SMSFs on ASIC's MoneySmart. ----more---- INTRO: Hello, and welcome to the official podcast of the Australian Securities and Investments Commission. In today's episode we'll be discussing ASIC’s review of self-managed super funds. My name is Tessa Loftus and with me this time around is Senior Executive Leader of Financial Advisers at ASIC, Jo Bird. Jo, thanks very much for your time. Thanks Tessa. Q: So, can you tell me what the review was about? There were two aspects to our review. We did a research on the experience of consumers who set up an SMSF and we also did a review of the quality of advice p…

Episode 39: Indigenous Outreach trip to the APY Lands

ASIC's Indigenous Outreach Officer Nathan Boyle talks with Susan Tilley from Anangu Lands Paper Tracker Radio Program about ASIC's work with indigenous consumers and the recent outreach trip to the APY Lands with super funds. Visit the Paper Tracker website to listen to the full interview. Transcript below: *Opening music* Susan Tilley: Nathan, welcome to the Anangu Lands Paper Tracker radio show. Thank you for joining us today. Nathan Boyle: No worries. Thanks very much for inviting us on. Susan Tilley: Nathan, could you give us an overview of the role and the work of the Indigenous Outreach Program of the Australian Securities and Investments Commission? Nathan Boyle: Yeah sure. The Indigenous Outreach Program, or IOP for short, is a national team of lawyers and analysts who specialise in working with Aboriginal and Torres Strait Islander people, in communities right across the country to really help them to resolve financial services issues that might impact on them. The IOP…

Episode 38: Van Le

Van Le, Director of Innovation and Strategy at Xinja, was a guest at ASIC's Annual Forum in March 2018. She made time to join us on our podcast to discuss open banking. You can read the full transcript of the interview below. ----more---- Host: Hello and welcome to the official podcast of the Australian Securities and Investments Commission. With me today to discuss open banking is Van Le, director of innovation and strategy at Xinja. Van, welcome. Van Le: Thanks very much for having us. Host: So to start us off, can you tell me a little about what open banking is and how it’s going to change banking as we know it? Van Le: I think one of the most exciting opportunities with open banking is that it will enable customers to safely and securely share data about their finances in their banking, which will enable service providers to provide much better choice and transparency so that people can make much better decisions, much more informed and transparent decisions, around what’…

Episode 37: Scott Farrell on open banking

Scott Farrell, Partner at King & Wood Mallesons, joins ASIC SEL Michael Saadat on the podcast to discuss open banking. Scott headed up the Australian government's review into open banking and was asked to recommend the most appropriate model for open banking in Australia.

Episode 36: ASIC's Stretch RAP

On 17 April 2018, ASIC launched its Stretch Reconciliation Action Plan. On this episode, we're joined by Danille Abbott, Chair of ASIC's RAP Strategic Committee and RAP Working Group and descendant of the Wirlomen Noongar people, to talk about the goals of the stretch RAP and ASIC's commitment to reconciliation.

Episode 35: Ian Yates

Ian Yates, Chief Executive of the Council of the Ageing Australia, joins ASIC Deputy Chair Peter Kell on the podcast to discuss preparing financially for retirement. Visit ASIC's MoneySmart website for more information on retirement income planning. Click through for transcript: ----more---- Transcript: Peter: Hello and welcome to the official podcast of the Australian Securities and Investments Commission. My name is Peter Kell and I'm joined this time around by Ian Yates, who is the Chief Executive of the Council of the Ageing Australia and one of the terrific people who we rely on to provide ASIC with insights into the whole area of retirement. Today, we've asked Ian to talk about preparing financially for retirement. Ian, thanks very much for joining us. Ian: It's a pleasure and thank you for having me. Peter: As Chief Executive of COTA, Council of the Ageing, can you tell us Ian what are the main financial issues concerning your members and how does the issue of trust play…

Episode 34: Mark McCrindle

Social researcher Mark McCrindle joins the podcast to discuss home ownership and the changing Australian dream, which was a topic of discussion at ASIC's 2018 Annual Forum.

Episode 33: Close the Gap

On 16 March 2018, ASIC held a Close the Gap event featuring two leading Indigenous entrepreneurs: * Liam Ridgeway, co-founder of Ngakkan Nyaagu (NGNY), an Indigenous digital enterprise * Jasmin Herro, founder of Outback Global, a leading Indigenous supplier of workwear The Close the Gap campaign aims to create equality in health between Indigenous and non-Indigenous Australians. This campaign also measures progress in economic development and employment, and these aspects were the focus of ASIC's event. Liam and Jasmin were also kind enough to speak on our podcast after the event. In the episode, you will hear from Liam and Jasmin about how and why they started their businesses and what impact they seek to have as Indigenous entrepreneurs. Transcript Host: Hello and welcome to the official podcast of the Australian Securities and Investments Commission. In today’s episode we will be talking to two outstanding Indigenous entrepreneurs who we’ve just heard from at our Close…

Episode 32: Add-on insurance

ASIC Senior Executive Leader Michael Saadat joins the podcast to discuss add-on insurance, and ASIC's work to shine a light on poor practice, remediation outcomes, and efforts to protect consumers in the future. Click through for the transcript: ----more---- Episode 32 transcript: Add-on insurance 16 March 2018 ASIC podcast – Episode 32 transcript Host: Hello and welcome to the official podcast of the Australian Securities and Investments Commission. In today's episode we'll be discussing add-on insurance and the work that ASIC is doing in this area. My name is Tessa Loftus and with me this time around is Senior Executive Leader of Deposit Takers, Credit and Insurance at ASIC, Michael Saadat. Michael, thanks very much for your time. Michael Saadat: Thanks very much Tessa. Host: So before we talk about ASIC's work in this area, could you give me a little bit of an explanation of what add-on insurance is, and what it's for? Michael Saadat: Add-on insurance is a type of insuran…

Episode 31: Conflicts of interest in financial advice

ASIC Senior Executive Leader Jo Bird joins the podcast to talk about the results of Report 562: Financial advice: vertically integrated institutions and conflicts of interest, a new report into conflicts of interest in financial advice at the biggest financial institutions in Australia. Read the Report

Episode 30: Risk management systems

ASIC Senior Manager Tim Walker joins the podcast to discuss Regulatory Guide 259, the importance of well-implemented risk management systems, and ASIC's expectations in this area.

Episode 29: ASIC's Annual Report

ASIC Chairman Greg Medcraft joins the podcast to discuss ASIC's Annual Report for 2016-17.

Episode 28 - ASIC's Data Strategy

ASIC's Chief Data Officer John Wallace joins the podcast to discuss ASIC's 2017-20 Data Strategy. You can read the data strategy at ASIC's website.

Episode 27 - ASIC's approach to small business

ASIC Commissioner John Price joins the podcast to discuss ASIC's approach to small business, including ASIC's 2017-2020 Small Business Strategy.

Episode 26: Investors and initial public offerings

Jane Eccleston, ASIC Senior Executive Leader, Corporations, joins the podcast to discuss ASIC's recent report into investors and initial public offerings. Both the media release and the report can be found here.

Episode 25: Crowd-sourced funding

ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation. ASIC is currently inviting submissions on Consultation Papers 288 and 289. Any submissions, queries or comments can be sent to csf@asic.gov.au. (Submissions are due by 3 August 2017.)

Episode 24: Paul Muthaura, Chief Executive of the Capital Markets Authority in Kenya

Paul Muthaura, Chief Executive of the Capital Markets Authority in Kenya, joins the podcast to talk about the relationship between technological innovation and regulation, particularly in terms of the M-Pesa, a mobile-based financing service in the Kenyan economy.

Episode 23: Stories from the market integrity beat

Two members of ASIC's Market Integrity Team, Tom Veidners and Wendy Prince, join the podcast to talk about some of the work they undertake, including a few recent examples. For more about ASIC's market integrity work, you can subscribe to our Market Integrity Update.

Episode 22: Financial advice: Review of how large institutions oversee their advisers

ASIC's Louise Macaulay (Senior Executive Leader - Financial Advisers) joins the podcast to discuss ASIC's recent review of how large institutions oversee their financial advisers. The full report is available here.

Episode 21: ASIC's First Business App

Miles Larbey, ASIC's Senior Executive Leader, Financial Capability joins the podcast to talk about ASIC's new First Business App, which is aimed at assisting Australians in starting their own business. You can find out more information about the app at ASIC's MoneySmart website. Download the app via the Apple Store Download the app via Google Play

Episode 20: Mark Adams on ASIC's RegTech Roundtable

On 8 February, ASIC hosted a roundtable in Sydney and Melbourne for those with an interest in RegTech. The roundtable facilitated discussion on the current RegTech landscape and its development and future potential to promote good risk management and compliance outcomes, and drivers and barriers to RegTech in Australia, including what the industry and ASIC can do to help promote the development and application of RegTech. Mark Adams, ASIC Innovation Hub co-ordinator, joins the podcast to talk about the roundtable, why ASIC held it, what topics came up and where we go from here.

Episode 19: Commissioner Cathie Armour on Hochtief AG insider trading matter

On 8 December 2016, the Federal Court found that German construction group holding company Hochtief Aktiengesellschaft (Hochtief AG) engaged in insider trading in contravention of section 1043A(1)(d) of the Corporations Act 2001, and has ordered Hochtief AG to pay a financial penalty of $400,000, as well as ASIC's legal costs. ASIC Commissioner Cathie Armour joins the podcast to discuss the details of the case, as well as its wider significance for Australia's financial markets. You can read ASIC's media release on the matter here

Episode 18: Whistleblowers

ASIC Commissioner John Price joins the podcast to discuss ASIC's approach to whistleblowers and how they can be better encouraged and protected. More information on the topic is available here.

Episode 17: ASIC's Workplace Giving Program

On this episode, we have a quick chat to ASIC in the Community Manager Justine Butler about ASIC's workplace giving program, which has been awarded a silver medal in the inaugural Workplace Giving Excellence Awards in Melbourne. The awards are part of the Australian Charities' Fund One Million Donors campaign, and recognise employers and their staff who show leadership in supporting charities and community groups.

ASIC View Episode 16: Fees for no service report

Joanna Bird, Senior Executive Leader, Financial Advisers joins the podcast to discuss ASIC's recent Report 499 - Financial Advice: fees for no service. The report provides an update on ASIC's work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services. The report summarises ASIC's work to ensure customers are fairly compensated. The report is part of ASIC's Wealth Management Project, which is focusing on the conduct of the largest financial advice firms, including the advice arms of AMP, ANZ, CBA, NAB and Westpac groups. The report is available for download here, while you can read ASIC's media release on the topic here. ASIC's MoneySmart website has updated information on how much financial advice costs and what to expect from a financial adviser. Read the transcript

ASIC View Episode 15: Macquarie, van Eyk and responsible entities

In August this year, The Supreme Court of New South Wales found that Macquarie Investment Management Ltd contravened the Corporations Act by failing to comply with its duties as a responsible entity of the van Eyk Blueprint International Shares Fund. The Court made declarations of contravention and ordered that MIML pay a civil pecuniary penalty of $400,000, as well as $200,000 for ASIC's legal costs. ASIC Commissioner Greg Tanzer joins the podcast to talk about the case and why ASIC considers it such an important outcome. You can read ASIC's media release on the outcome here Please note the judge's comments that Greg quotes in the podcast are slightly abridged. The full comments are available via the link at the bottom of the media release.

ASIC View Episode 14: Add-on insurance report

ASIC has reviewed the sale of add-on general insurance policies through car dealers and found that the market is failing consumers. ASIC Deputy Chairman Peter Kell joins the podcast to discuss the report. The report can be viewed here. The media release can be viewed here. More information on add-on insurance can be found at ASIC's MoneySmart website.

ASIC View Episode 13: Review of Australian equity market cleanliness

Greg Yanco, Senior Executive Leader, Market Supervision at the Australian Securities and Investments Commission, joins the podcast to talk about ASIC's recent review into Australian equity market cleanliness. The report is available here, and the relevant media release is available here.

ASIC View Episode 12: Due diligence practices for Initial Public Offerings

ASIC Commissioner John Price joins the podcast to talk about ASIC's recent report examining the due diligence practices of issuers of securities under an initial public offering (IPO). Read our media release Read the report

ASIC View Episode 11: ASIC's Innovation Hub

This week, ASIC Commissioner John Price joins the podcast to discuss ASIC's Innovation Hub and how it's helping fintech startups. You can find out more about ASIC's Innovation Hub by going to the webpage.

ASIC View Episode 10: ASIC's Indigenous Outreach Program

This week, ASIC View welcomes Michael Saadat, Senior Executive Leader, Deposit Takers, Credit and Insurers, and Nathan Boyle, an analyst with ASIC's Indigenous Outreach program to talk about ASIC's Indigenous Outreach Program and the work they are doing to help Aboriginal and Torres Strait Islander people with financial products and services. They discuss types of financial problems being reported to ASIC's Indigenous Help Line like lost key cards and problems with identification, issues with debt collectors, renting products and appliances, life insurance and debt management. Michael also talks about the work ASIC is doing to help superannuation funds better understand the needs of Indigenous consumers. Find out more about ASIC's Indigenous Outreach Program. ASIC's MoneySmart website has money tips for Indigenous consumers. Read the transcript

ASIC View Episode 9: Deputy Chair Peter Kell on investment scams

During Consumer Fraud Week 2016, the Australian Securities and Investments Commission is warning consumers and investors to 'Wise Up to Scams' and do some simple checks before they part with their money. ASIC Deputy Chair Peter Kell joins the podcast to talk about how investment scams work, and how best to identify and avoid them. Read ASIC's media release on Consumer Fraud Week 2016 and visit ASIC's MoneySmart website for more tips on avoiding investment scams. Read the transcript

ASIC View Episode 8: Commissioner Cathie Armour on ASIC's insider trading work

On the latest episode of ASIC View, ASIC Commissioner Cathie Armour discusses ASIC's work in insider trading matters. Topics discussed include the damage done by insider trading, ASIC's surveillance and enforcement strategies and other related key areas of interest. Media releases for matters mentioned during the podcast: - Mr Xiao/Hanlong mining - Kamay and Hill

ASIC View Episode 7: ASIC Forum robo-advice session

The following is an excerpt from a session at ASIC's 2016 Annual Forum on robo-advice. The session covers: * How does robo-advice sit alongside traditional financial advice? * Where does robo-advice cause the most disruption? * How does the current regulatory framework apply to robo-advice? * What are the issues that are unique to robo-advice? * The podcast also discusses ASIC's Consultation Paper 254 Regulating digital financial advice (CP 254) and draft Regulatory Guide 000 Providing digital financial product advice to retail clients. Speakers include ASIC's Joanna Bird and Louise Macaulay, Senior Executive Leaders of the Financial Advisers team as well as a panel discussion from: Greg Miller, Executive General Manager, Wealth Advice, NAB Chris Brycki, Founder and Chief Executive Officer, Stockspot Kate Jackson-Maynes, Partner, King & Wood Mallesons Dr June Smith, Lead Ombudsman, Investment and Advice, Financial Ombudsman Service Australia

ASIC View Episode 6 - Commissioner Greg Tanzer on ASIC's latest enforcement report

On the latest episode of ASIC View, Commissioner Greg Tanzer speaks about ASIC's enforcement report for July-December 2015. He covers: - the key statistics from the report - major outcomes that support ASIC's priorities - ASIC's ongoing areas of focus - and much more. You can download the report here and read the media release here.

ASIC View Episode 5: Limited AFS licences for accountants providing SMSF advice

From July 1st this year, accountants will need to have a limited AFS licence if they are providing SMSF advice. ASIC Commissioner Greg Tanzer talks to Hilarie Dunn about why this change is necessary and what it may mean for you. More information can be found at ASIC's Information Sheet 179.

ASIC View Episode 4: Park Trent

Louise Macaulay (Senior Executive Leader, Financial Advisers at the Australian Securities and Investments Commission) speaks to the podcast about ASIC's recent case involving Park Trent. This episode covers:- Why ASIC decided to take action- How ASIC conducted its investigation- Information on Self-Managed Super Fundsand more.

ASIC View Episode 3: Chairman Greg Medcraft on Culture

ASIC Chairman Greg Medcraft joins the podcast to talk about culture and its importance to the financial industry.

ASIC View Episode 2: How ASIC deals with reports of misconduct

Warren Day (Senior Executive Leader, Assessment and Intelligence at the Australian Securities and Investments Commission) talks about what happens when you make a report of alleged misconduct or a complaint to ASIC. You can find more information in our Information Sheets: Reporting misconduct ASIC's approach to enforcement

ASIC View Episode 1: Financial Services Enforcement

Tim Mullaly (Senior Executive Leader, Financial Services Enforcement at the Australian Securities and Investments Commission) talks about the work he and his team does, the methods they employ to achieve their goals and some of the emerging issues in the financial services sector.

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