Find financial news and analysis across NZ and Australia.
11 results for “asic”
DroneShield Ltd is assisting ASIC with an investigation into market announcements and director share trading from November 2025, leading to a 16% share price drop.
The Federal Court of Australia has ordered Westpac Banking Corporation to pay a $26 million civil penalty. The fine follows systemic failures to respond to over 200 online financial hardship requests between 2017 and 2023.
Regulators have issued urgent warnings to the A$4.2 trillion superannuation sector to bolster cyber resilience following historical breaches and new AI-powered threats. The move follows the 2025 credential stuffing attacks where A$500,000 was stolen from member accounts.
The Corporations Amendment (Digital Assets Framework) Act 2026 has received Royal Assent, bringing digital asset platforms under Australia's AFSL regime. Existing operators face a June 30, 2026 deadline to apply for licensing as the industry moves toward a formal commencement in April 2027.
The Australian Securities and Investments Commission has issued an alert warning consumers about sophisticated, AI-driven crypto-asset investment scams. Operating on popular messaging apps like WhatsApp, these schemes use deepfakes and fake trading data to deceive younger investors.
Commonwealth Bank has issued a critical alert warning investors of sophisticated 'pump and dump' schemes using AI deepfakes and fake social media ads to target Australians.
Telix Pharmaceuticals, Domino's Pizza, and Polynovo top the list of the most shorted shares on the ASX as of May 4, 2026, according to the latest ASIC data.
New Zealand KiwiSaver provider Koura Wealth has doubled its maximum Bitcoin fund allocation limit to 20%, citing increased institutional investment and growing member demand. The change is accompanied by an adjustment to the fund's automatic rebalancing threshold.
AustralianSuper has appointed Sarah Carney as its first Head of AI and Automation as the fund targets a 5% productivity boost and launches new digital advice tools for its 3.6 million members.
The Customer Owned Banking Association has warned Australians of sophisticated phishing scams exploiting the fuel crisis to steal credit card information.
New Zealand's FMA and Westpac NZ have issued a major alert following a spike in AI-driven deepfake scams. With 64% of bank fraud now originating on social media, authorities are calling for greater platform accountability.