Tag: ASIC

ASX cops $20.5m fine for misleading on CHESS upgrade

Posted on   |  by David Allen
Australia’s stock exchange operator has admitted it made misleading comments on the status of a critical tech project, and will pay more than $23 million in fines and costs...

Outgoing ASIC chair says put the foot down on FinTech

Posted on   |  by Joseph Brookes
Parts of Australia’s financial services sector are “scared” to innovate to the point they now risk a generational drag on economic progress, outgoing chair of the corporate watchdog Joe...

Gig Guide: ATO veteran tapped to lead APSC

Posted on   |  by David Allen
Jacqui Curtis, the Australian Taxation Office’s long-time chief operating officer, has been named the next Australian Public Service Commissioner and will begin her five-year term in June. Ms Curtis,...

Budget pours $1.8bn into critical govt IT systems

Posted on   |  by Justin Hendry
The Albanese government will spend another $136.1 million upgrading the legacy systems behind the country’s business registers, bringing new money for the latest attempt at the long-running rebuild to...

ASIC calls for urgent action on frontier AI cyber risks

Posted on   |  by Scott Murdoch
Australia’s corporate regulator has urged the country’s financial sector to take urgent action on tackling potential cyber risks from frontier AI systems such as Anthropic’s Mythos. The Australian Securities...

ASIC slaps Canva with $792,000 fine for late reporting

Posted on   |  by Shivangi Lahiri and Byron Kaye
Australia’s corporate regulator has fined Canva, the country’s most valuable tech unicorn, $792,000 for failing to lodge financial reports on time for the 2024 financial year. Canva Pty, Canva...

ASIC turns to outsourcer to deal with legacy registry issues

Posted on   |  by Justin Hendry
Contractors will step in to replace retiring public servants tasked with keeping Australia’s business registers online, exposing the workforce cost of maintaining its legacy environment. As the latest uplift...