FOLLOW US
Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.

Follow us on social media
Jetski Loans Australia
Australia's #1 online jetski loan resource
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
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

EU's Strategic Investment in Australian Critical Minerals
EU's Strategic Investment in Australian Critical Minerals
27 Nov 2025: Paige Estritori
The European Union (EU) is set to make direct investments in Australian critical minerals projects, aiming to secure essential resources vital for industries such as artificial intelligence (AI) and defence. This strategic move follows discussions between EU Trade Commissioner Maros Sefcovic and Australian Resources Minister Madeleine King, highlighting the EU's commitment to diversifying its supply chains and reducing reliance on unstable external sources. - read more
Strengthening Pacific Ties: The Nakamal Agreement
Strengthening Pacific Ties: The Nakamal Agreement
27 Nov 2025: Paige Estritori
In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations. - read more
South Australia's Marine Ecosystem Under Threat
South Australia's Marine Ecosystem Under Threat
27 Nov 2025: Paige Estritori
Since March 2025, South Australia has been grappling with a harmful algal bloom (HAB) that has significantly impacted marine life, local industries, and public health. The bloom has affected vast coastal areas, leading to mass fish kills and posing challenges for the fishing and aquaculture sectors, as well as tourism and beachgoers. - read more
Club Marine Recognised for Outstanding Service with 2025 Product Review Award
Club Marine Recognised for Outstanding Service with 2025 Product Review Award
19 Nov 2025: Paige Estritori
Club Marine, Australia's leading provider of recreational boat insurance, has been honoured with the 2025 Product Review Award for Insurance. This accolade is a testament to the company's unwavering commitment to customer satisfaction and service excellence. - read more
Markel Insurance Expands into Australian Marine Market with New Leadership
Markel Insurance Expands into Australian Marine Market with New Leadership
19 Nov 2025: Paige Estritori
Markel Insurance, a prominent global insurer, has announced the appointment of Tim Wills as Head of Marine - Australia. This strategic move signifies Markel's entry into the Australian marine insurance market, beginning with marine cargo coverage. - read more
Click for more Finance News


Jet Ski Loans Articles

Jet Skiing with Kids: Safety Guidelines Every Parent Should Know
Jet Skiing with Kids: Safety Guidelines Every Parent Should Know
Jet skiing can be a fun and exhilarating activity for families, but safety should always be a top priority, especially when children are involved. In Australia, there have been numerous jet skiing accidents involving children, with some resulting in serious injuries or even fatalities. It is important for parents to be aware of the potential risks and to take appropriate safety measures to protect their children when jet skiing. - read more
Your Comprehensive Budget Checklist for Buying a Jetski
Your Comprehensive Budget Checklist for Buying a Jetski
Welcome to our comprehensive guide on the unexpected costs of owning a jet ski. While the idea of cruising on the open water can be exhilarating, it's essential to be aware of the hidden expenses that come along with owning a jet ski. - read more
Registration and Licenses: Hidden Fees of Jet Ski Ownership
Registration and Licenses: Hidden Fees of Jet Ski Ownership
Jet skiing is an exhilarating water sport that many Australians enjoy, especially during the warmer months. With the vast and beautiful coastline that the country offers, it's no wonder that jet skis are becoming a popular addition to many households. - read more
New vs Used Jetski: A Cost-Benefit Analysis of Jetski Ownership
New vs Used Jetski: A Cost-Benefit Analysis of Jetski Ownership
Imagine cutting through the sparkling waters, the sun on your skin, and the thrill of speed and spray - this is the exhilarating world of jetski ownership. It's a realm where freedom meets adventure, where weekends transform into adrenaline-fueled escapes. However, the rush of riding the waves isn't without its costs, and savvy enthusiasts know that budgeting for your aquatic escapades is as essential as the lifejacket you wear. It's about balancing passion with practicality. - read more
Tips for Finding Affordable Jetski Financing in Australia
Tips for Finding Affordable Jetski Financing in Australia
Welcome to our comprehensive guide on jetski financing in Australia. If you're dreaming of cutting through the waves on a shiny new jetski, you're not alone. Jetskis have seen a growing popularity in Australia, offering thrilling adventures and unforgettable moments on the water. - read more


START HERE.

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Compound Interest:
Interest calculated on the initial principal, which also includes all accumulated interest from previous periods.


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 | © Copyright Clark Family Pty Ltd - all rights reserved
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. 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 always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.