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ASIC Consults on New Guidelines for Credit Advertisements

ASIC has released a consultation paper about credit advertising to promote good practice and help industry comply with their legal obligations when advertising credit products and services.
Originally Published: 
Tuesday, June 5, 2012

Bankwest Amends Credit Card Advertising following ASIC Action

The Bank of Western Australia Ltd (Bankwest) has agreed to make changes to recent advertising for their Bankwest Breeze MasterCard (the Breeze MasterCard) following concerns raised by ASIC that the advertisements were misleading or likely to mislead.
Originally Published: 
Monday, June 4, 2012

Former AWB Managing Director Acknowledges Directors Duty Breaches

Mr Lindberg made admissions of four contraventions of section 180(1) of the Corporations Act 2001 arising from AWB’s supply of wheat to Iraq under the United Nations (UN) Oil-for-Food Programme (OFFP) and subsequent inquiries conducted by AWB in relation to that supply.
Originally Published: 
Thursday, May 31, 2012

ASIC Chief Elected Chair of IOSCO Board

ASIC chairman Greg Medcraft was elected chairman of the board of the International Organization of Securities Commissions (IOSCO), following a vote of board members at IOSCO’s annual conference in Beijing.
Originally Published: 
Thursday, May 17, 2012

ASIC Updates Guidance for Investing in Mortgage Schemes

ASIC has released revised disclosure benchmarks and separate disclosure principles for unlisted mortgage schemes to improve awareness of the risks of investing in these products
Originally Published: 
Wednesday, May 9, 2012

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