ASIC has successfully defended its interpretation of the FOFA laws in the Federal Court, with a Melbourne-based advice licensee found to have breached the FOFA laws in the first case of its kind.
Australia’s biggest banks will not be allowed to collectively bargain with Apple or boycott Apple Pay, the Australian competition watchdog has determined.
Citigroup has refunded close to $5 million to around 230,000 customers after failing to properly disclose that credit card international transaction fees applied when a merchant processed an Australian dollar transaction overseas, ASIC has said.
The legislation that will enable ASIC’s new industry funding model has been tabled in Federal Parliament.
The corporate regulator has signed a memorandum of understanding with the Australian government’s Takeovers Panel highlighting the need to “refer to each other’s policies” to ensure consistency of regulation.
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