FOLLOW US Follow us on social media
Jetski Loans Australia
Australian online jetski loan resources
Jetski Loans Australia :: News
SHARE

Share this news item!

ASIC to Name Financial Licensees in New Breach Transparency Initiative

ASIC to Name Financial Licensees in New Breach Transparency Initiative

ASIC to Name Financial Licensees in New Breach Transparency Initiative?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian Securities and Investments Commission (ASIC) has proposed a new regulatory framework aimed at increasing transparency in the financial industry by identifying financial planning licensees who report breaches.
Revealed in a consultation paper, CP 383, this proposal would see ASIC start publishing Reportable Situations (RS) and Internal Dispute Resolution (IDR) data at both firm and industry levels, including the names and licence numbers of the offending companies.

This move marks a significant departure from ASIC's current practice of only publishing industry-level data, which omits individual firm details. Notably, the proposed dashboards will exclude personal information for licensees who are individuals, ensuring privacy is maintained.

ASIC's consultation paper outlines several key data elements it plans to share, including detailed information about licensees, the volume and nature of reported breaches, the extent and impact of these breaches, and subsequent remediation and rectification efforts. Additionally, the paper focuses on the licensees' investigative and reporting practices.

The primary objective behind this initiative is to enhance accountability and transparency within the financial sector. By making this data public, ASIC aims to incentivize improved behaviors and performance amongst financial services providers. It also intends to help both firms and consumers identify systemic issues characterized by significant breach volumes and recurring IDR complaints, providing a clearer focus for compliance efforts and improving consumer outcomes.

According to ASIC Commissioner Alan Kirkland, the public release of the proposed dashboard would significantly boost transparency, encouraging firms to bolster their performance. It will also offer consumers and investors a more accessible means to engage with firm-level data, promoting more informed decision-making and participation within the financial system.

The proposals detailed in CP 383 mark a pivotal step in ASIC's ongoing commitment to fostering a more transparent and accountable financial sector, with anticipated benefits not just for industry compliance but also for consumer trust and safety.

Published:Monday, 14th Apr 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

Sign in with Google to rate

0 Comments

No comments yet. Be the first to share your thoughts.

Finance News

Seafarms Group Bolsters Project Sea Dragon with Increased Funding
Seafarms Group Bolsters Project Sea Dragon with Increased Funding
30 May 2026: Paige Estritori
Seafarms Group Limited has recently expanded its credit agreement with Avatar Finance, increasing the facility from AUD 8.5 million to AUD 16.5 million. This strategic move aims to support the reacquisition of key assets for Project Sea Dragon, a venture poised to become the world's largest prawn farming operation. - read more
Austal Lands $680 Million Contract for Army Landing Craft
Austal Lands $680 Million Contract for Army Landing Craft
30 May 2026: Paige Estritori
Austal Limited has been awarded a significant contract valued at over AUD 1 billion (approximately USD 680 million) to design and construct 18 Landing Craft Medium (LCM) vessels for the Australian Army. This contract marks a pivotal expansion in Austal's defense shipbuilding operations within Australia. - read more
New Hobart Wharf to Support Antarctic Research Operations
New Hobart Wharf to Support Antarctic Research Operations
30 May 2026: Paige Estritori
The Australian government has announced plans to construct a new wharf at Macquarie Wharf 6 in Hobart, Tasmania, to provide a dedicated berth and refueling facility for the Antarctic research vessel RSV Nuyina. This development addresses the vessel's current logistical challenges, including the need to travel over 600 kilometers to refuel due to size constraints at existing facilities. - read more
The Boat Works Commences Pier 25 Development
The Boat Works Commences Pier 25 Development
22 May 2026: Paige Estritori
The Boat Works, a leading marine maintenance and refit facility on the Gold Coast, has initiated construction on its latest project, Pier 25. This development aims to expand the precinct's offerings by introducing new showrooms, office suites, and crew accommodations. - read more
Lloyd's Register and Echo Marine Group to Deliver WA's First Electric Ferry Fleet
Lloyd's Register and Echo Marine Group to Deliver WA's First Electric Ferry Fleet
22 May 2026: Paige Estritori
Lloyd's Register (LR) has strengthened its partnership with Echo Marine Group to support the delivery of Western Australia's first fully electric passenger ferries. This initiative marks a significant step towards sustainable public transport in Australia. - read more
Click for more Finance News


Jet Ski Loans Articles

Your Guide to Quick Approval Jetski Loans
Your Guide to Quick Approval Jetski Loans
Welcome to our guide on jetski loans! Whether you're a thrill-seeker or simply love spending time on the water, owning a jetski can be an exciting adventure. - read more
How to Choose the Right Financing for Your Jetski Purchase
How to Choose the Right Financing for Your Jetski Purchase
Jetskis are quickly becoming a popular pastime in Australia, offering an exhilarating way to enjoy the sun and surf. The freedom and excitement they provide make them a must-have for many water enthusiasts. With their growing popularity, more Australians are turning to jetskis as their next big purchase. - read more
Exploring Personal Loans vs. Dealership Financing for Jetskis
Exploring Personal Loans vs. Dealership Financing for Jetskis
When considering the purchase of a jetski, two popular financing avenues stand out: personal loans and dealership financing. Each offers unique benefits and potential drawbacks, and understanding these options can help you make an informed decision. - read more
The Impact of Credit Scores on Your Jetski Financing Options
The Impact of Credit Scores on Your Jetski Financing Options
Your credit score is an important number that significantly impacts your financial health. It's a numerical representation of your creditworthiness based on your credit history. Lenders use this score to evaluate the level of risk involved in lending you money. - read more
Wave Riding on a Budget: Low-Cost Loan Strategies for Your Next Jetski Purchase
Wave Riding on a Budget: Low-Cost Loan Strategies for Your Next Jetski Purchase
The thrill of slicing through the waves, the rush of the open water, and the spirit of adventure all encapsulate the undeniable excitement of jetskiing. In Australia, with its vast and spectacular coastlines, owning a jetski is a dream many aspire to achieve. The power to zip across the sea at your own pace is not just a hobby; it's a lifestyle that beckons adventurers and water sports enthusiasts alike. - read more


START HERE.

Loan Amount:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.


Knowledgebase
Working Capital:
A measure of a company's short-term financial health, calculated as current assets minus current liabilities.


Quick Links: | Jetski Loans | Jetski Finance | Personal Watercraft Loans | Marine Loans | Jetski Loan Calculator | Best Jetski Loans Australia | Low Interest Jetski Loans | Compare Jetski Loans | Secured Jetski Loans | Unsecured Jetski Loans | How To Finance A Jetski



This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
| HOME | RATES | CALCULATORS | NEWS | ARTICLES | ABOUT | CONTACT | PRIVACY | BROKERS | AFFILIATES | SITEMAP |

powered by Financial Services Online & NicheWeb | © Copyright Clark Family Pty Ltd - all rights reserved

IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.