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Regulation

regulation

06 May 2016 • By • 1 min read

Budget opens way for deferred lifetime annuities

Annuities provider Challenger has thrown its support behind the government's commitment in the federal budget to remove tax impediments to products ...

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Banks welcome AML/CTF legislative changes

The Australian Bankers' Association (ABA) has thrown its support behind recommendations by the federal Attorney-General’s Department aimed at ...

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ASIC backs whistleblowing research project

ASIC has written to more than 30,000 Australian companies encouraging them to take part in academic research focused on improving whistleblowing ...

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ASIC shifts to 'user pays', funding boosted

ASIC chairman Greg Medcraft has received an 18-month extension to his contract and a $127.2 million funding increase, with the regulator set to move ...

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Mixed reaction from industry to new ASIC funding

While the industry has for the most part welcomed ASIC's additional funding, there are concerns that the new $127.2 million does not make up for cuts ...

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Morrison confirms action on bank surveillance

Federal Treasurer Scott Morrison has this morning confirmed how the government will proceed with reported changes to surveillance of the banking and ...

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Royal commission would spook investors: ABA

The Australian Bankers' Association has quickly moved to hose down Labor's call for a royal commission into the banking sector, claiming it would send ...

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Directors must lead culture debate: AICD

The Australian Institute of Company Directors (AICD) has called on ASIC, APRA and Treasury to meet with company directors to discuss recent examples ...

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APRA boss rejects ‘culture police’ tag

Financial services firms should incentivise prudent behaviour rather than depend on regulators to remove ‘bad apples’ after the fact, says APRA ...

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ASIC takes Westpac to court over BBSW manipulation

ASIC has commenced legal proceedings against Westpac for “unconscionable conduct and market manipulation” in relation to the bank's involvement in ...

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