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	<title>MDB Taxation &#38; Business Advisors &#187; ASIC</title>
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		<title>Directors’ duties still apply despite COVID-19 relief</title>
		<link>http://mdbco.com.au/directors%e2%80%99-duties-still-apply-despite-covid-19-relief/</link>
		<comments>http://mdbco.com.au/directors%e2%80%99-duties-still-apply-despite-covid-19-relief/#comments</comments>
		<pubDate>Fri, 12 Jun 2020 02:22:12 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
		<category><![CDATA[ATO]]></category>
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		<category><![CDATA[Tax]]></category>
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		<description><![CDATA[The Australian Securities and Investments Commission (ASIC) has reminded companies, directors and officers faced with COVID-19 challenges to reflect on their fundamental duties to act with due care, skill and diligence, and to act in the best interests of the company. ASIC Commissioner John Price has said the impacts of COVID-19 will require many companies [...]]]></description>
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		<title>Better protection for consumers: new ASIC powers</title>
		<link>http://mdbco.com.au/better-protection-for-consumers-new-asic-powers/</link>
		<comments>http://mdbco.com.au/better-protection-for-consumers-new-asic-powers/#comments</comments>
		<pubDate>Thu, 06 Feb 2020 23:33:26 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
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		<description><![CDATA[In response to the recommendations of the Banking and Financial Services Royal Commission and the ASIC Enforcement Review Taskforce Report, the government has proposed new enforcement and supervision powers for ASIC to restore consumer confidence in the financial system, particularly in relation to financial advice. These new powers include enhanced licensing, banning, warrant and phone [...]]]></description>
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		<title>Cryptocurrency: record keeping requirements and data matching program</title>
		<link>http://mdbco.com.au/cryptocurrency-record-keeping-requirements-and-data-matching-program/</link>
		<comments>http://mdbco.com.au/cryptocurrency-record-keeping-requirements-and-data-matching-program/#comments</comments>
		<pubDate>Fri, 07 Jun 2019 01:20:53 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
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		<description><![CDATA[The Commissioner has published a gazette notice setting out the record keeping requirements for cryptocurrency owners and traders. The ATO advises that it is undertaking a data matching program for 2014-15 to 2019-20 for such entities. The data obtained from cryptocurrency designated service providers (DSPs) is being (and will continue to be) used to identify [...]]]></description>
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		<title>ATO to ramp up ABN investigations and cancellations</title>
		<link>http://mdbco.com.au/ato-to-ramp-up-abn-investigations-and-cancellations/</link>
		<comments>http://mdbco.com.au/ato-to-ramp-up-abn-investigations-and-cancellations/#comments</comments>
		<pubDate>Mon, 06 May 2019 04:13:36 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
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		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2480</guid>
		<description><![CDATA[As part of the ATO’s work to ensure the integrity of the Australian Business Register, it investigates the business activities of Australian Business Number (ABN) holders when it seems their ABN is no longer being used – for example, if business income isn’t being reported, or where the Australian Securities and Investments Commission (ASIC) deregisters [...]]]></description>
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		<title>Banking Royal Commission: possible super contraventions</title>
		<link>http://mdbco.com.au/banking-royal-commission-possible-super-contraventions/</link>
		<comments>http://mdbco.com.au/banking-royal-commission-possible-super-contraventions/#comments</comments>
		<pubDate>Tue, 02 Oct 2018 01:12:37 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
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		<category><![CDATA[Superannuation]]></category>
		<category><![CDATA[Tax]]></category>

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		<description><![CDATA[On 24 August 2018, the Royal Commission into banking, superannuation and financial services misconduct released the closing submissions, totalling over 200 pages, that set out possible contraventions by certain superannuation entities. The evidence surrounding these alleged breaches was revealed during the fifth round of public hearings, when high-level executives of some of the largest superannuation [...]]]></description>
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		<title>APRA’s response to Productivity Commission draft report</title>
		<link>http://mdbco.com.au/apra%e2%80%99s-response-to-productivity-commission-draft-report/</link>
		<comments>http://mdbco.com.au/apra%e2%80%99s-response-to-productivity-commission-draft-report/#comments</comments>
		<pubDate>Wed, 05 Sep 2018 23:17:12 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
		<category><![CDATA[General News]]></category>
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		<description><![CDATA[The Australian Prudential Regulation Authority (APRA) has released its submission in response to the Productivity Commission’s draft report on superannuation efficiency and competitiveness. APRA agreed with a number of the Commission’s findings and the direction of many, but not all, of the recommendations in the draft report. However, APRA has rejected the Commission’s claim that [...]]]></description>
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		<title>Super sector must address trust deficit</title>
		<link>http://mdbco.com.au/super-sector-must-address-trust-deficit/</link>
		<comments>http://mdbco.com.au/super-sector-must-address-trust-deficit/#comments</comments>
		<pubDate>Wed, 05 Sep 2018 23:11:05 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ASIC]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Superannuation]]></category>

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		<description><![CDATA[In a speech to the Financial Services Council Summit on 26 July 2018, Australian Securities and Investments Commission (ASIC) Chair James Shipton said the superannuation sector must restore the “trust deficit” and be more mindful of the responsibilities that come with being the custodians of other people’s money. Mr Shipton said the super industry has [...]]]></description>
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