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Regulation

regulation

17 March 2020 • By Sarah Simpkins • 1 min read

Regulator takes major provider to court for MySuper misconduct

The corporate watchdog has commenced civil penalty proceedings against a major bank’s superannuation business over dealings with its MySuper accounts

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Rapid recovery ‘very unlikely’: RBA

The RBA foresaw that the economic impacts of the coronavirus were unlikely to be contained at its March meeting and is now gearing up for drastic ...

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Stock exchanges back trade restrictions

Securities exchanges have supported the corporate watchdog’s new trade limits for large equity market participants, as the coronavirus outbreak ...

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ASIC takes action against major bank

ASIC is pursuing a multimillion-dollar penalty against one of the big four banks for alleged breaches of the ASIC Act and Corporations Act

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RBA prepares unconventional weapons

The RBA will make a decision this week on whether to take the plunge on unconventional monetary policy as markets are roiled by the coronavirus ...

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ASIC wins appeal against CEO

The High Court has ruled in favour of ASIC in its case against the former CEO and executive director of MFS Ltd.  The High Court found that Michael ...

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Regulator launches new foreign licensing scheme

The corporate watchdog has released its new regulatory framework for foreign financial services providers (FFSPs) serving Australian wholesale clients

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Central banks warned to loosen purse strings

Central banks have been told they must prepare to provide substantial liquidity to combat the “significant economic fallout” of the coronavirus

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Government moves to axe work test

The Morrison government has drafted new laws aiming to create more flexibility for Australians aged 65 and over around their retirement savings, ...

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Virus stimulus will be billions

The Treasury believes that the coronavirus impacts could last well into the June quarter as Josh Frydenberg prepares to unveil a multibillion-dollar ...

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