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Regulation

regulation

15 December 2020 • By Lachlan Maddock • 1 min read

APRA axes dividend cap

The big four banks will no longer be constrained by APRA’s pandemic rule book, which saw shareholders receive greatly reduced dividends as they ...

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Parliament passes royal commission reforms

The first bill implementing recommendations from the royal commission has passed both houses in Parliament, granting ASIC stronger regulatory power in ...

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ASIC drags derivatives issuer to court

ASIC has launched civil penalty proceedings against Union Standard International and its former corporate authorised representatives for a slew of ...

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ASIC haunted by ‘problems of its own making’: Wilson

Standing committee chair Tim Wilson says that 2020 has shaken faith in ASIC and that sweeping reforms could be on the cards for 2021. Handing down ...

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Bank execs committed to trial on cartel charges

ANZ, Citigroup and Deutsche Bank along with six of their former and current executives have been rounded up, to head to the Federal Court for trial on ...

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ASIC extends relief from portfolio holdings disclosure

The regulator has delayed the first reporting date for superannuation funds to disclose their portfolio holdings, as the related regulations are yet ...

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ASIC takes iSignthis to court

ASIC is taking embattled fintech iSignthis and its chief executive John Karantzis to court over sweeping breaches of disclosure obligations and ...

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Watchdog finds ‘poor’ insurance disclosure among super funds

ASIC has criticised poor insurance premiums disclosure among a number of super funds, after evaluating trustees who place members into the highest ...

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Climate transition to happen faster than anticipated: APRA

The transition towards a lower-carbon economy will occur at a faster pace than most people expect, an APRA member has said, warning that investors and ...

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Company director arrested over investment scheme 

A man has been charged with dishonest conduct and arrested over a fraudulent investment scheme.  Mudasir Mohammed Naseeruddin, a former director of ...

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