Tag: ASIC

$50m fines proposed for social media scam slackers

Posted on   |  by Brandon How
Social media companies failing to fight scams on their platforms will be subject to fines of up to $50 million under a new framework brought before Parliament on Thursday....

ASX misled market on blockchain tech upgrade, regulator alleges

Posted on   |  by Joseph Brookes
Australia’s corporate regulator is suing the ASX over its bungled Clearing House Electronic Subregister System (CHESS) replacement project, alleging it misled the market by announcing the project was on...

Business data spine salvage mission underway

Posted on   |  by Joseph Brookes
The corporate regulator is preparing a fully costed roadmap for a business “data spine” that could underpin a $1.3 billion salvage mission from the registry overhaul frozen by the...

AI submission summaries not up to snuff, ASIC finds

Posted on   |  by Joseph Brookes
Australia’s corporate regulator will not implement AI technology to read and summarise hundreds of submissions to public consultations after a trial found the machine summaries were “bland” and not...

$206m for cyber and data uplift amid business register fallout

Posted on   |  by Brandon How
A $206.4 million Budget commitment to improved data capability and cybersecurity has been given to Australia’s two financial regulators, among a series of smaller cyber upgrades. The funding, included...

ASIC sets sights on business ‘data spine’

Posted on   |  by Justin Hendry
Australia’s corporate watchdog has shed light on ongoing efforts to investigate a ‘data spine’ of business and company data, one of the core benefits of the registry overhaul scrapped...

First director faces court over ATO ID scheme breach

Posted on   |  by Justin Hendry
Australia’s corporate watchdog has launched first-of-its-kind legal action against an unnamed company director for allegedly failing to sign up to the federal government’s compulsory director ID program. The director,...