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Regulation

regulation

10 November 2023 • By Jon Bragg • 1 min read

ASIC takes action against super fund for misleading marketing

The regulator has alleged that the super fund made false or misleading statements relating to the past performance of one of its investment options

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Big 4 bank tips follow-up rate hike

One of the major banks has pencilled in another rate increase from the Reserve Bank. The Reserve Bank of Australia (RBA) is expected to follow up ...

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RBA revises inflation outlook but softens rate rhetoric

The Reserve Bank has struck a less hawkish tone in minutes released following its latest rate hike, despite conceding inflation is “proving more ...

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Treasurer to introduce RBA review legislation, name deputy governor within next month

Jim Chalmers has set timelines for legislating the Reserve Bank review and appointing the central bank’s new deputy governor. Treasurer Jim ...

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ASIC takes action against super fund over complaints handling

The regulator alleges that the fund has failed to comply with internal dispute resolution requirements. On Monday, the Australian Securities and ...

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ASIC investigation into collapsed investment scheme leads to criminal charges

Multiple charges have been laid following an ASIC investigation into the collapse of the Sterling First group of companies. Three men connected to ...

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Government consults on ‘ambitious and comprehensive’ sustainable finance strategy

The government has identified the immediate investments and reforms it sees as being most important for supporting sustainable finance in Australia

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‘We’re no basket case’: Former chair backs ASIC record

Giving the corporate watchdog “unlimited resources” or “doubling” its budget would be unwise, the former chair has told the Senate as part of a probe ...

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RBA must hike rates to ‘bring down inflation faster’: IMF

The International Monetary Fund has called for further monetary policy tightening in Australia to bring “high and persistent” inflation back down to ...

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APRA urges super trustees to address ‘critical shortcomings’

The prudential regulator has laid out its priorities for the super industry. The deputy chair of the Australian Prudential Regulation Authority ...

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