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regulation

18 September 2015 • By Huntley Mitchell • 1 min read

Banks must look beyond capital levels: APRA

APRA chairman Wayne Byres has warned the big four banks that simply holding "plenty of capital" will not be enough for the prudential regulator to ...

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ASIC moves to wind up Avestra AM

The corporate regulator has commenced proceedings in the Federal Court of Australia to have Avestra Asset Management (Avestra AM) wound up

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ASIC warns super trustees on compliance

ASIC has indicated that compliance by responsible entities and superannuation trustees needs to be improved, particularly in areas such as processes ...

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ATO warns on SuperStream compliance

The Australian Taxation Office has warned Australian businesses that time is running out to comply with the new electronic super contributions regime

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Medcraft pushes for product intervention powers

ASIC chairman Greg Medcraft has restated the case for product intervention powers for the corporate regulator, as recommended by the Financial System ...

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Government abandons bank deposit tax

The federal government has scrapped Labor's plan to introduce a bank deposit tax that would have raised about $1.5 billion over the next four ...

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ASIC set to move to user-pays

ASIC is set to move to a user-pays model with the release of a consultation paper by the government. Assistant Treasurer Josh Frydenberg has ...

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Banks must be 'shamed' on vertical integration

There has yet to be "sufficient shame" applied to the banks and their chief executives to reduce the problems inherent in vertical integration, ...

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Don’t get blindsided by culture, warns Murray

Financial System Inquiry chair David Murray has warned ASIC and the government against focusing on culture at the expense of the “clarity of the law” ...

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Four pillars is 'industry policy at its worst'

The 'four pillars' approach to banking competition in Australia only serves to protect domestic banks, with "little or no benefit to consumers", ...

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