The podcast Inside ASIC this week puts scammers squarely in ASIC’s cross hairs. As artificial intelligence becomes more prolific in modern society, scammers are using the tool to produce highly convincing scams that leave even the experts second-guessing. The Commission’s taken down more than 10,000 investment scam websites and online advertisements and we are continuing to do a big piece of work to ensure banks are protecting consumers. In this episode of Inside ASIC we caught up with: Senior M...
Jul 08, 2025•14 min•Ep. 68
In our latest podcast episode Inside ASIC we look at some of the big issues with insurance after recent devastating natural disasters in Australia. We dive into a report ASIC’s just released about what insurers need to do to lift their game and look at why the loss of a home or property is just the start of what can be a long and stressful battle for Australians to rebuild disrupted lives. In this episode of Inside ASIC we caught up with: ASIC Commissioner Alan Kirkland Julia Davis Senior Policy...
Jun 24, 2025•14 min•Ep. 67
What is our corporate regulator doing specifically to drive positive outcomes for Aboriginal and Torres Strait Islander peoples? In this episode of Inside ASIC we’re going to be looking at some of the work being driven by the specialist Indigenous Outreach Program team within ASIC. It’s not work that gets a lot of attention in the national media - but it’s a critical piece of what the Commission does when serious financial harm is at stake. Danille Abbott - who’s a senior manager of the Indigeno...
Jun 17, 2025•14 min•Ep. 66
There are a host of companies making claims about their environmental credentials. For ASIC this has been a serious focus as many financial products like super funds have made green claims about how they invest… but simply can’t stack them up. Vanguard Investments Australia was ordered to pay a record $12.9 million penalty for making misleading claims, Mercer Super was ordered to pay $11.3 million, and Active Super copped a penalty of $10.5 million for greenwashing misconduct. This episode featu...
Jun 10, 2025•15 min•Ep. 65
We might just be witnessing a really fundamental change in Australia’s financial markets to the the rise of private markets. Through superannuation investments, many Australians have indirect exposure to private assets. Private markets operate differently than public markets and are inherently less transparent. In this episode of Inside ASIC we are all about understanding private versus public markets. Why it matters - and what’s the role of our corporate regulator when these deals are being don...
Jun 04, 2025•16 min•Ep. 64
Amid tales of grieving families and people with disabilities left waiting for payments from their superannuation fund, ASIC turns a spotlight the sector. In this episode of Inside ASIC we caught up with: Pippa Lane, Acting Senior Executive Leader - Superannuation and Life Insurance at ASIC Xavier O’Halloran, the CEO of Super Consumers Australia The content and information is not intended to be financial advice and that consumers should seek independent financial advice on any matters discussed....
May 27, 2025•14 min•Ep. 63
Hear more about ASIC's work on everything from beating increasingly sophisticated scams, to cracking down on greenwashing and holding super funds to account. In Season 2 of Inside ASIC we’re going to keep pulling back the curtain on the forensic work happening at the Commission. Over 6 episodes we’ll hear from key players inside ASIC on everything from protecting consumers from increasingly sophisticated scams… to cracking down on greenwashing - and holding super funds to account....
May 23, 2025•2 min•Ep. 62
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.
Jun 25, 2021•15 min•Ep. 61
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.
May 05, 2021•14 min•Ep. 60
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 ....
Apr 15, 2021•11 min•Ep. 59
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.
Feb 11, 2020•6 min•Ep. 58
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.
Jan 15, 2020•11 min•Ep. 57
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 saf...
Nov 13, 2019•9 min•Ep. 56
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.
Oct 01, 2019•9 min•Ep. 54
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 invest...
Sep 09, 2019•11 min•Ep. 53
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.
Sep 06, 2019•13 min•Ep. 52
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.
Aug 18, 2019•15 min•Ep. 51
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.
Jul 31, 2019•9 min•Ep. 50
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.
Jul 25, 2019•8 min•Ep. 49
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.
Jul 11, 2019•10 min•Ep. 48
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 ...
Jul 10, 2019•7 min•Ep. 47
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.
Jun 26, 2019•12 min•Ep. 46
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 effecti...
Jun 25, 2019•15 min•Ep. 45
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.
Jun 24, 2019•12 min•Ep. 44
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 co...
May 10, 2019•9 min•Ep. 43
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...
Apr 09, 2019•10 min•Ep. 42
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....
Apr 07, 2019•9 min•Ep. 41
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 P...
Mar 25, 2019•4 min•Ep. 40
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, th...
Oct 11, 2018•6 min•Ep. 39
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 ....
Sep 19, 2018•10 min•Ep. 38
