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22 August 2018 • By Jessica Yun • 1 min read

Government launches financial literacy program

The Minister for Revenue and Financial Services Kelly O’Dwyer has unveiled the National Financial Capability Strategy, the financial literacy program ...

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Product design legislation ‘seriously flawed’

The government’s proposed product design and distribution legislation will increase vertical integration and take the industry back to the days when ...

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Small banks call for ‘proportionate’ regulation

Smaller banking entities are likely to bear the brunt of increased regulation arising from back-to-back financial services inquiries, argues COBA

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Time, money and ASIC ‘impeded’ APRA

The main issue with taking legal action against rogue super funds is that the process costs time and money, APRA has told the royal commission

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ASIC admits it mishandled grandfathering

ASIC deputy chair Peter Kell has conceded that the grandfathering of commissions is not at all in the interests of consumers, and a “policy level” ...

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Government consults on open banking draft legislation

The government has released exposure draft legislation for the Consumer Data Right, which will give users the ability to grant third party providers ...

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Regulators could ‘break up’ IOOF

Friday’s “blow-torch” royal commission hearings could result in vertically integrated firms like IOOF being dismantled by the regulator, says ...

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Banking sector calls for even playing field

Leaders in the Australian banking sector would advise the government to create a fairer playing field for both smaller and bigger banking entities – ...

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Banks must do more to curb adviser fraud: ASIC

ASIC has outlined a set of actions for banks to better protect customers against advisers carrying out fraud on customers’ accounts. ASIC has ...

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ASIC request to embed staff at major banks approved

The federal government has confirmed it will provide ASIC with additional resources to further monitor the big four banks and AMP. Treasurer Scott ...

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