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Regulation

regulation

18 May 2020 • By Lachlan Maddock • 1 min read

Responsible entity gets suspension revoked

A responsible entity has had its AFS licence suspension revoked and sought a review of ASIC’s decision. In April, ASIC suspended Ausfunds ...

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Westpac won’t go down without a fight

Westpac has admitted it broke the law, but it has sent a firm warning that it will fight some of the most controversial charges. Westpac filed a ...

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Super merger relief holds burden for managed funds, body cautions

An industry body has warned the capital gains tax rollover relief for merging super funds has brought an “unnecessary” encumbrance for managed funds

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ASIC puts market participants on notice

The regulator has warned market participants to step up their game after it was forced to intervene at the height of the liquidity crisis

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Powell issues stark warning

US Federal Reserve chairman Jerome Powell cratered market optimism with a warning that a “prolonged recession” means the massive policy response will ...

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Ten super funds covered two thirds of early release total

APRA has published its first round of fund-level data on the superannuation early release measure, reporting two weeks into the scheme, the 10 funds ...

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Royal Commission commitments delayed

The “significant impacts” of the COVID-19 outbreak mean the implementation of the Royal Commission commitments has been put on the backburner

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RBA sees light at the end of the tunnel

The RBA is growing more optimistic about Australia’s economic recovery, with a more rapid return to normal on the cards. The RBA still expects the ...

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Clearing house pleads guilty to mishandling client money

The company is the first in Australia to face criminal prosecution and plead guilty to breaching client money provisions. Pershing Securities ...

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RBA announces policy decision

The RBA has announced its latest decision on monetary policy as economic uncertainty becomes the new normal. The RBA held interest rates at 0.25 ...

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