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Scammers are impersonating ASIC by sending emails and texts requesting that recipients provide a payment to enable funds or assets to be released.

ASIC has outlined practical steps to take for communities in Queensland and New South Wales affected by Cyclone Alfred.

The Reserve Bank of Australia (RBA) reduced the cash rate by 0.25% on Tuesday 18 February 2025. Following this, many lenders have lowered their variable interest rates, making mortgage repayments lower.

ASIC is warning consumers about scammers impersonating legitimate businesses and offering fake investments, such as the recent investment bond scam impersonating Bunnings.

Getting on top of your finances is one of the most common new year’s resolutions set by Australians with more than half (52%) setting a financial goal for 2025, according to new research from ASIC’s Moneysmart.

Setting financial goals is the first step to getting what you want and building a healthier relationship with money.

Consumers are being urged to avoid a post-Christmas spending hangover as new research from ASIC’s Moneysmart reveals Aussies will spend on average almost $800 each to fund gifts, holidays and celebrations.

ASIC is warning consumers about a suspected investment scam involving social media ads for investing opportunities and tips, with consumers then added to WhatsApp groups.

ASIC is warning investors to be on high alert following a significant increase in reports of stolen shares since August 2024 from people who have had their personal identity compromised.

ASIC is aware of unlicensed entities promoting suspicious investment opportunities in digital gold vaults. These unlicensed entities are luring consumers by purporting to offer passive income and other benefits, such as payments, in return for recruiting or referring new investors.

ASIC’s Moneysmart convened a roundtable of leading influential voices for millennials and their finances that is sounding the alarm for superannuation funds to lift their game and increase services, transparency, and improved access to information to better engage millennial members.

As it marks the first-year anniversary of investment scam disruption, ASIC announced today the takedown of more than 7,300 phishing and investment scam websites that seek to swindle consumers out of their information.

Checking your bank account regularly could save you money in more ways than one.

ASIC is warning consumers about the misuse of ASIC’s logo on social media to promote fake investments and stock market trading courses and cold calling, and Telegram impersonations.

Australians are being urged to directly seek financial hardship assistance from their bank or lender, as new nationwide research released by ASIC’s Moneysmart sheds light on the state of financial hardship in Australia.

ASIC is alerting consumers to new ways scammers are offering fake bond and term deposit scams.

ASIC urges you to hang up on cold callers and scroll past social media click bait offering to help you compare and switch super funds.

ASIC sends a warning to consumers after seeing an increase in the number of imposter scam websites with digital warning banners pretending to be associated with a legitimate Australian company, often an Australian Financial Services Licensee.

ASIC has issued a letter reminding general insurers of their obligations as Australian financial services (AFS) licensees when handling insurance claims, especially in response to severe weather events.

The National Anti-Scam Centre is warning consumers to beware of fake news articles and deepfake videos of public figures that endorse and link to online investment trading platform scams, particularly on social media.

ASIC recently reviewed the superannuation sector and found super funds and financial advisers could do more to monitor investments in super and communicate with members and clients about how their super is performing.

New research has shed light on the financial concerns of Australian Gen Z women, revealing that they are more likely than Gen Z men to feel stressed and overwhelmed by finances and money.

Getting on top of your finances is one of the most common new year’s resolutions. However, research we conducted in October 2023 showed while 72% of 27- to 34-year-olds have a financial goal, 33% are not on track to achieve it.

ASIC has outlined practical steps to take for communities affected by flooding in Far North Queensland following ex-Tropical Cyclone Jasper.

New nationwide research released by ASIC’s Moneysmart program today shows for seven in ten (68%) Gen Zs, finances are a major cause of concern, more than any other age group (57% of non-Gen Zs).

ASIC has today strengthened its scam prevention tools to support consumers with the publication of a new investor alert list. Consumers can use this list to help inform themselves as to whether an entity they are considering investing in could be fraudulent, a scam or unlicensed.

ASIC has today launched a consumer campaign to raise awareness of the risk associated with investment hype to coincide with the Australian release of Dumb Money, a new film about the GameStop short squeeze episode in 2021.

ASIC’s Moneysmart has published Money tips in other languages to help newly arrived migrants understand how money works in Australia.

More than 9.7 million Australian users visited Moneysmart.gov.au last financial year.

ASIC is alerting consumers about Payback-Recovery Co www.payback-recovery.com which claims to be a money recovery service. The entity is providing consumers with fake documents displaying the ASIC logo and Commonwealth Coat of Arms.

Australians are turning to Moneysmart to help manage their money, with over 3.2 million visiting Moneysmart so far this year.