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Regulation

regulation

05 September 2019 • By James Mitchell • 1 min read

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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APRA sharpens focus on super, risk

APRA has set its sights on amping up its regulation of superannuation and non-financial risks such as culture and accountability in the coming years, ...

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ASIC tightens hold on funds

In the coming years, ASIC will be pushing for more competition among fund managers, as well as tightening its grip on superannuation funds in its new ...

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ASIC action pushes Allianz to refund $8m

Allianz Australia Insurance will be refunding more than $8 million in consumer credit insurance (CCI) premiums and fees, with the insurer to stop ...

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AFCA welcomes new ASIC powers

In a published submission, AFCA has welcomed the new ASIC product intervention powers that will enhance the commission’s regulatory toolkit

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