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06 August 2021 • By John Buckley • 1 min read

House rejects amendments on JobKeeper transparency

Amendments to a government COVID-19 bill that would have seen major companies forced to reveal the degree to which they have profited from taxpayer ...

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Institutions’ advice compensation bill nears $2bn

The corporate regulator’s latest updates on advice misconduct remediation have revealed that the big four banks, AMP and Macquarie have paid almost $2 ...

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APRA to reign in funds on performance, valuations

The prudential regulator has written to super trustees outlining its areas of focus for compliance under the Your Future, Your Super reforms, with ...

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BT, Asgard cop fee-for-no-service fines

The Federal Court has handed down $3 million in fines to the two Westpac-owned wealth management brands in a case that hinged on their inappropriate ...

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Labor backs down on negative gearing restrictions

The federal opposition has made an about turn on a key policy that potentially cost it the 2019 election. Federal Labor leader Anthony Albanese and ...

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Big 4 partner bank tapped for further breaches

A South-Pacific bank with ties to two of Australia’s big four is in further hot water over potential breaches of prudential standards in its global ...

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Government releases new royal commission bills

Following pressure to complete its legislative response to the royal commission, Treasury will consult on a number of new bills addressing ...

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Forum Group in administration as Westpac case deepens

Administrators have commenced closing down subsidiaries within a group of companies involved in a $200 million alleged fraud against Westpac, with the ...

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Big four banks at risk over PNG AML scandal

An ASX-listed South-Pacific banking group has caught the ire of the regulator in its global headquarters of Papua New Guinea for alleged serious ...

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ASIC provides relief for litigation funders

The corporate regulator has released guidance around how funders of class actions will fit into the financial services licensing regime that it hopes ...

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