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03 September 2019 • By Sarah Simpkins • 1 min read

AFCA names breaching firms

The Australian Financial Complaints Authority has revealed 29 firms that have failed to pay a collective total of $1.7 million in complaint charges, ...

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Property prices won’t return to ‘boom times’: Oliver

AMP Capital chief economist Shane Oliver says the latest resurgence in property prices will be tempered by weak economic conditions and lending ...

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ASIC revises class order on share purchase plans

The corporate regulator has remade the relief on a class order facilitating the offer of share and interest purchase plans that was due to sunset on 1 ...

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APRA sharpens focus on super, risk

APRA has set its sights on amping up its regulation of superannuation and non-financial risks such as culture and accountability in the coming years, ...

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ASIC tightens hold on funds

In the coming years, ASIC will be pushing for more competition among fund managers, as well as tightening its grip on superannuation funds in its new ...

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ASIC action pushes Allianz to refund $8m

Allianz Australia Insurance will be refunding more than $8 million in consumer credit insurance (CCI) premiums and fees, with the insurer to stop ...

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AFCA welcomes new ASIC powers

In a published submission, AFCA has welcomed the new ASIC product intervention powers that will enhance the commission’s regulatory toolkit

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APRA chair warns tech renders regulation ‘inadequate’

APRA chair Wayne Byres has said the prudential regulator’s framework is ill-prepared for new technology in the financial services sector, ...

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Union slams ANZ’s ‘cult of secrecy’

The Finance Sector Union (FSU) has criticised ANZ for not taking measures in its own hands and exposing its own cultural self-assessment, after the ...

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APRA updates financial sector shareholdings rules

The prudential regulator has released the 2019 version of its Financial Sector (Shareholdings) Rules for new companies entering the sector

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