April 1, 2018

ASIC NEWS

ASIC remakes ‘sunsetting’ class order
ASIC has remade Class Order [CO 08/10] Share and interest sale facilities, which was due to expire on 1 April 2018. More information is available here.

Strikes down, but pay still in focus at AGMs
In a recently released report, ASIC notes that only five ASX 200 companies received a first ‘strike’ on pay in 2017, and only one of the companies that received a strike in 2016 also received a second strike in 2017. However, there has been an increase in ‘close calls’, with the number of companies receiving a 20–24% against vote on their remuneration reports increasing to nine in 2017, from five in 2016.

ASIC warns of renewal scam
Scammers pretending to be from ASIC have been contacting registry customers asking them to pay fees and give personal information to renew their business or company name. These emails often have a link that provides an invoice with fake payment details or infects your computer with malware if you click the link. Read more. To notify ASIC of a potential scam email, forward the entire email to ReportASICEmailFraud@asic.gov.au