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Regulation

regulation

04 March 2021 • By Sarah Simpkins • 1 min read

ASIC defends higher industry levies

The corporate watchdog has responded to industry grumbles that it has substantially stretched its levies beyond the level of prior years, insisting it ...

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ASIC takes REST to court

The watchdog has commenced civil penalty proceedings in the Federal Court against retail industry fund REST, for allegedly misleading members about ...

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RBA makes March rate call

 The RBA has made its latest decision on rates against a backdrop of rising bond yields and increasing economic uncertainty.  The RBA has left ...

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ASIC takes CommSec, AUSIEX to court

ASIC has launched civil penalty proceedings against CommSec and AUSIEX for “systemic compliance failures” over a “significant period of time”

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Industry, consumer body back new super laws

A superannuation industry body and a consumer advocate have shown support for the passage of two bills related to superannuation.  The government ...

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CBA case could affect 750,000 customers

The Federal Court will distribute notices to 750,000 credit card customers of a big four bank who may be eligible to participate in a class action ...

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Royal commission delays a ‘breach of faith’

Labor has rubbished the Morrison government’s delay in implementing the royal commission recommendations and taken aim at new crossbencher Craig ...

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ASIC sues NAB for unconscionable conduct

ASIC has commenced proceedings in the Federal Court against NAB alleging that it charged fees for making periodic payments when it was not entitled to

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ASIC will offer immunity to financial criminals

ASIC will now consider extending immunity to serious financial criminals if they assist it in its investigations and enforcement actions

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Financial sector cannot ignore modern slavery: KPMG

As the reporting deadline for the Modern Slavery Act creeps closer, KPMG and the Australian Human Rights Commission have warned that after the royal ...

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