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ASIC roundup: A raft of banning, Project Acacia progress and remaking sunsetting instruments

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg, Martin Cloake

7 min read
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The Australian Securities & Investments Commission’s latest actions and news, July 7 – 11, 2025.

Former insurance broker banned – July 11, 2025

Two orders permanently banning New South Wales-based former insurance broker Jason Damien Prasad have been made by ASIC. The orders follow fraud convictions.

Prasad was convicted on November 28, 2024, on two counts of dishonestly gaining a financial advantage by deception. The convictions relate to

The sentence

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