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Regulation

regulation

05 February 2021 • By Reporter • 1 min read

ASIC suspends AFSL

ASIC has suspended the AFS licence of a Queensland-based financial services provider for a period of six weeks for failing to comply with financial ...

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‘A disastrous winding back of consumer protections’

The government’s proposed changes to consumer lending laws will harm Australian consumers and families while hindering the economic recovery it is ...

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IOOF subsidiary loses appeal

The wealth giant could cough up millions of dollars in compensation following a failed appeal by subsidiary Australian Executor Trustees in a matter ...

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Wilson to probe RBA governance concerns

The standing committee on economics will probe the culture and governance of the RBA after a former employee labelled the bank “dysfunctional”

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ABA takes aim at fresh faces

New players in the Australian financial landscape are ratcheting up the risk for some of its biggest institutions, according to the Australian Banking ...

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‘Quite a way to go’ on pandemic recovery: Lowe

While Australians can “draw some comfort” from 2020, the road out of recession will depend almost entirely on the path of the pandemic, according to ...

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Westpac facing penalties after dismissed advice appeal

The big four bank is facing punishment for violating the Corporations Act, as the court has dismissed its appeal over whether it had provided personal ...

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Tax, regulation targeted in race for Asia finance crown

A committee assembled by senator Andrew Bragg has urged the government to slash convoluted tax and regulatory obligations in the financial services ...

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Rates on hold until 2024

The RBA will leave rates on hold for the foreseeable future as the Australian economy continues to feel the pinch of COVID-19.  The RBA has left ...

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‘No good reason’ for royal commission recommendation delays

A law firm has slammed the government’s delays to the implementation of royal commission recommendations on the two-year anniversary of the ...

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