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13 September 2019 • By Sarah Simpkins • 1 min read

AFCA naming and shaming from October

The Australian Financial Complaints Authority (AFCA) has confirmed a starting date for it to name firms in its determinations, with the watchdog to ...

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ASIC producing reports but no results

ASIC has released an update to its response to the royal commission that has revealed that the regulator has commissioned a lot of reports but has not ...

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ASIC extends foreign provider relief

ASIC has extended licensing relief for foreign providers for providing certain services without needing to hold an Australian financial services ...

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ASIC appeals Westpac decision

ASIC has filed an appeal with the full Federal Court against the recent decision to dismiss the commission’s case against Westpac. In August this ...

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ASIC commences court action over telephone insurance sales

ASIC commenced civil penalty proceedings in the Federal Court yesterday against a number of life insurers for breaches of the law arising from ...

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Royal commission legislation disguises disruption

A raft of new legislation set to be introduced to Parliament to implement recommendations from commissioner Hayne’s final report disguises more ...

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Westpac served with class action

Westpac has received a class action against two of its subsidiary companies in the latest legal action against the big bank.  The latest class ...

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ASIC puts total cost of remediation at $9bn

Hefty remediation costs continue to mount but the corporate regulator fears Australian financial services companies are yet to learn their lesson

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ASIC sues Bendigo and Adelaide Bank

ASIC has commenced proceedings in the Federal Court against Bendigo and Adelaide Bank concerning unfair contract terms in small business contracts

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APRA to get tough and take stronger action

In a recently released update to its enforcement approach, the prudential regulator has outlined how it will take stronger action against those it ...

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