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Regulation

regulation

10 September 2019 • By Sarah Simpkins • 1 min read

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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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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