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regulation

06 December 2018 • By Sarah Simpkins • 1 min read

Open banking law to enter Parliament

Open banking is creeping closer, with the Coalition government planning to introduce its Consumer Data Right legislation into Parliament today

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Legislative changes to impact long-term income

Parliament has introduced legislative changes to the means test for longevity products, which will give Australians an incentive to consider their ...

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Investors have a role to play in stopping slavery

The Modern Slavery Act has just been passed in parliament and will introduce reporting requirements for businesses on the risk of slavery in their ...

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Financial reporting set to change

ASIC has released its focus areas for 31 December 2018 financial reports with a call to focus on new accounting standards.  ASIC has called on ...

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Bank of Queensland to implement remuneration change

The chairman of Bank of Queensland has revealed his desire to implement the removal of pay and sales structures ahead of the royal commission report

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Banks pledge to new accessibility standards

Australian banks have committed to new principles in product design to ensure accessible banking for people with disability as a result of an industry ...

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RBA subsidiaries fined $22m over bribes

The Central Bank has finally released details of the landmark prosecution that involved two of its subsidiary companies involved in bribing overseas ...

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Forex company director banned in ASIC sting

ASIC has cancelled the AFSL of retail OTC derivative issuer Berndale Capital Securities and banned its former director. ASIC has cancelled ...

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Life insurance losses recorded over September quarter 

APRA’s quarterly life insurance industry performance figures for the September 2018 quarter show a $172.9 million loss in the individual disability ...

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‘It’s a habit’: NAB chair not happy with ASIC dealmaking 

NAB chairman Ken Henry says the bank’s habit of negotiating outcomes with the corporate regulator has led to “dysfunction” within the group

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