5. Audit Oversight

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 Manager of Enforcement, Sarah Bower Consumer advocate Steph Tonkin Senior lawyer, scams, Sam Riggall 24-280MR ASIC sues HSBC Australia alleging failures to adequately protect customers from scams | ASIC The content and information is not intended to be financial advice and that consumers should seek independent financial advice on any matters discussed.

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 & Communications Officer at the Financial Rights Legal Centre The content and information is not intended to be financial advice and that consumers should seek independent financial advice on any matters discussed.

What is our corporate regulator doing to drive positive outcomes for Aboriginal and Torres Strait Islander people? 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 Indigenous Outreach Program.   Jessica Naimo is a senior lawyer at ASICSenior Financial counsellor and Boandik woman Bettina Cooper who helped build the First Nations debt helpline, called Mob Strong Debt Help. 24-084MR ASIC orders end to Centrepay credit arrangements in Urban Rampage stores | ASIC Further information: ASIC’s Indigenous Outreach Program | ASIC  Moneysmart: Indigenous - Moneysmart.gov.au  The podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.

There are a host of companies making claims about their environmental credentials. For ASIC this has been a major focus as many financial products like super funds have made green claims about how they invest, but simply can’t stack them up.  In this episode we look at why the Corporate Regulator is taking Greenwashing seriously, and features interviews with:Marita Hogan, Senior Executive Leader, Enforcement and Compliance at ASIC  Andrei Bacu, an ASIC Analyst with the superannuation team Professor Jeremy Moss from the University of New South Wales ASIC Media Release: ⁠24-061MR ASIC wins first greenwashing civil penalty action against Vanguard | ASIC⁠ The podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.

We might be witnessing a really fundamental change in Australia’s financial markets with 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 done behind closed doors, with: Senior Executive Leader Market Conduct Andrew Templer  Senior Executive Leader Strategic Projects Jane Eccleston   Carole Comerton-Forde - Professor of Finance at Melbourne University The podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.

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  ASIC report: Taking ownership of death benefits: How trustees can deliver outcomes Australians deserveThe podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.

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.

In this episode of Inside ASIC we look at what ASIC does to balance the priorities it pursues, and why sometimes ASIC finds itself in the spotlight for the work it’s doing. Looking at some of the biggest strategic threats to our financial system that could be looming over the horizon, the Chair of ASIC Joe Longo explains the breadth of the work ASIC does, and how it deals with finite resources.

Auditors play an important role in giving investors confidence in the integrity of companies’ financial reporting, helping them make informed investment decisions. The role of auditors has been in sharp focus in recent times, so this episode starts to unpick ASIC's work to improve the integrity and quality of financial reporting and auditing in Australia.   This episode features: ASIC Commissioner Kate O’Rourke ASIC CEO Greg Yanco

ASIC has a long history of adapting our regulatory approach in response to new and emerging challenges and technologies. It needs to ensure Australia’s financial markets and consumers are protected. Law and technology have a long history of working together to support innovation. In this episode of Inside ASIC we unpick both the challenges and potential of AI in our financial ecosystem. This episode features: - Professor Nick Davis, the University of Technology Sydney’s Human Technology Institute - Graham Jefferson, Senior Executive Leader for Data, Analytics and AI at ASIC - Kate Metz, Senior Executive Leader, Regulatory Reform and Implementation at ASIC