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Regulation

regulation

01 October 2020 • By Lachlan Maddock • 1 min read

APRA cracks the whip on ‘unambitious’ trustees

APRA is concerned superannuation trustees are approaching the improvement of member outcomes as a “box-ticking exercise” and suggested they were being ...

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Bendigo and Adelaide Bank blasted for ‘systemic breaches’ on Great Southern

The Banking Code Compliance Committee has named and shamed Bendigo and Adelaide Bank for “systemic breaches” around its dealings with customers ...

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Morrison spruiks budget, slams union ‘extortion’

As the government prepares to unveil its COVID budget, Scott Morrison has taken the opportunity to outline its contents and slammed “extortion” by ...

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ASIC bans fixed income broker

ASIC has banned a former fixed income broker from providing financial services for ten years.  Former BGC Securities (Australia) broker David Moore ...

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Mayfair investors facing total loss: liquidator

A liquidator’s report has found that M101 Nominees’ business was insolvent from the start and that unitholders likely won’t see a return – but ...

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Westpac backpedals on budget day rate cut

Westpac chief economist Bill Evans has revised his prediction for an October rate cut, saying the RBA will wait and see rather than going big for a ...

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Mining company pair cop market manipulation charges

Two men have been charged with alleged market manipulation offences, with the corporate regulator claiming they enacted insider trading and attempted ...

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Mayfair bid against fund liquidation piled on investor costs: trustee

Details of the proceedings that led to Mayfair 101 entity IPO Wealth being liquidated have been spilled by the trustee, with a review containing ...

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Westpac’s record-breaking wake-up call

AUSTRAC has taken its pound of flesh, but Westpac’s record-breaking penalty might just be the start. Just a few weeks ago, Westpac CEO Peter King ...

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Finance sector has ‘too much’ power over Liberal Party, senator says

Senator Andrew Bragg has said the Liberal Party was wrong for initially voting against a number of wealth reforms as well as the royal commission, ...

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