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ASIC roundup: New ASIC CEO, and A$8m penalty for Firstmac

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GRIP Montage: ASIC/Getty Images

Martina Lindberg

4 min read
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The Australian Securities & Investments Commission’s latest actions and news, January 1 – 24, 2025.

Firstmac pays A$8m for DDO failings – January 24, 2025

Firstmac Limited has been ordered by the Federal Court to pay A$8m ($5.03m) for failing to meet its design and distribution obligations (DDO).

The company was earlier in July 2024 found breaching DDO by not taking reasonable steps to make sure that

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