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Regulation

22 September 2023 • By Naomi Neilson • 1 min read

NAB’s $2.1m fine seen as inadequate by judge

The penalty is unlikely to have any real impact on the bank’s future conduct, according to a Federal Court judge. A Federal Court judge who handed ...

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Big 4 bank to pay $2.1m penalty for overcharging customers

The Federal Court has found that the bank engaged in unconscionable conduct. On Friday, the Federal Court ordered NAB to pay a $2.1 million penalty ...

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Rates to stay higher for longer as Fed mulls another hike

The US Federal Reserve has left interest rates on hold but, like other major global central banks, is leaving the door open to more hikes in the ...

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Franking changes to impact SMSFs and retail investors

According to a portfolio manager at a boutique investment management firm, the government’s proposed changes to franking credits could have unintended ...

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Crypto exchange sued by ASIC after customers lose $13m

The regulator has commenced civil penalty proceedings against the crypto exchange for failures that have cost customers just under $13 million

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Interactive Brokers pays $832k penalty over ‘suspicious trading’

The Market Disciplinary Panel has accused the firm of being negligent and reckless. Interactive Brokers Australia has paid a $832,500 penalty to ...

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RBA still considering rate hikes as inflation concerns linger

Further interest rate increases are on the cards if inflation remains higher for longer. This month’s rate decision was once again a coin toss ...

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Former ASX executive to review continuous disclosure reforms

The review will investigate whether changes made to the continuous disclosure regime in 2021 are working in support of an “efficient, effective, and ...

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Bullock takes helm at RBA: Will she deviate from predecessor’s path?

As she commences her seven-year term as RBA governor, Michele Bullock is not expected to stray far from the approaches of her predecessors

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Make cyber security a ‘top priority’ or face action, ASIC tells boards

Failing to prioritise cyber security and cyber resilience could open up directors to potential enforcement action, according to ASIC chair Joe Longo

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