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Regulation

regulation

11 September 2019 • By Eliot Hastie • 1 min read

ASIC appeals Westpac decision

ASIC has filed an appeal with the full Federal Court against the recent decision to dismiss the commission’s case against Westpac. In August this ...

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ASIC commences court action over telephone insurance sales

ASIC commenced civil penalty proceedings in the Federal Court yesterday against a number of life insurers for breaches of the law arising from ...

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Royal commission legislation disguises disruption

A raft of new legislation set to be introduced to Parliament to implement recommendations from commissioner Hayne’s final report disguises more ...

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Westpac served with class action

Westpac has received a class action against two of its subsidiary companies in the latest legal action against the big bank.  The latest class ...

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ASIC puts total cost of remediation at $9bn

Hefty remediation costs continue to mount but the corporate regulator fears Australian financial services companies are yet to learn their lesson

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ASIC sues Bendigo and Adelaide Bank

ASIC has commenced proceedings in the Federal Court against Bendigo and Adelaide Bank concerning unfair contract terms in small business contracts

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APRA to get tough and take stronger action

In a recently released update to its enforcement approach, the prudential regulator has outlined how it will take stronger action against those it ...

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AFCA names breaching firms

The Australian Financial Complaints Authority has revealed 29 firms that have failed to pay a collective total of $1.7 million in complaint charges, ...

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Property prices won’t return to ‘boom times’: Oliver

AMP Capital chief economist Shane Oliver says the latest resurgence in property prices will be tempered by weak economic conditions and lending ...

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ASIC revises class order on share purchase plans

The corporate regulator has remade the relief on a class order facilitating the offer of share and interest purchase plans that was due to sunset on 1 ...

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