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Regulation

regulation

25 May 2020 • By Lachlan Maddock • 1 min read

Battle lines drawn on JobKeeper bungle

The revelation that the cost of JobKeeper has been halved has sent shock waves through Canberra as pollies grapple with the decision of whether to ...

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JobKeeper error slashes cost by billions

A significant number of JobKeeper enrolment forms have been found to contain errors, slashing the cost of the program by almost half. An ATO review ...

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Government cracks whip on class action funders

The Morrison government has indicated it will be slapping litigation funders with tougher regulatory standards, with financers to be required to hold ...

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Government bans LIC commissions 

The Morrison government will move to extend the ban on conflicted remuneration to listed investment companies (LICs), in an effort to protect ...

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Can banks avoid a royal commission replay?

Their virus response has been top-notch. But what happens when the support ends? Australia’s banks have stepped up to protect customers and ...

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Responsible entity gets suspension revoked

A responsible entity has had its AFS licence suspension revoked and sought a review of ASIC’s decision. In April, ASIC suspended Ausfunds ...

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Westpac won’t go down without a fight

Westpac has admitted it broke the law, but it has sent a firm warning that it will fight some of the most controversial charges. Westpac filed a ...

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Super merger relief holds burden for managed funds, body cautions

An industry body has warned the capital gains tax rollover relief for merging super funds has brought an “unnecessary” encumbrance for managed funds

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ASIC puts market participants on notice

The regulator has warned market participants to step up their game after it was forced to intervene at the height of the liquidity crisis

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Powell issues stark warning

US Federal Reserve chairman Jerome Powell cratered market optimism with a warning that a “prolonged recession” means the massive policy response will ...

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