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Regulation

regulation

21 February 2019 • By Eliot Hastie • 1 min read

Part-time government delaying royal commission recommendations

Labor has continued to attack the government over its implementation of the royal commission recommendations despite not having produced a full ...

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AFCA to accept legacy complaints

The Australian Financial Complaints Authority has announced that from July, it will start to accept legacy financial complaints.  The authority ...

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More financial firms facing shareholder backlash

Investment managers and superannuation funds are increasingly voting contrary to the recommendations of their proxy advisers as the number of company ...

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Labor to introduce royal commission bills

Labor is set to introduce three private member bills into Parliament that will implement key recommendations of the royal commission.  Despite ...

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ASIC responds to royal commission recommendations

The corporate regulator has today provided an update on how it will implement a number of recommendations made by the royal commission. ASIC said ...

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Bank of Queensland downgrades, cites regulatory cost hike

Bank of Queensland is now expecting its earnings for the half year ending 28 February 1H19 to drop by up to 10 per cent from 1H18, citing a number of ...

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ASIC appeals Westpac best interests ruling

ASIC has made an appeal with the Federal Court against two Westpac subsidiaries, calling into question the decision regarding whether the firms ...

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Industry calls for government consultations on brokers

The industry is calling upon the federal government to initiate consultation with mortgage brokers before any reforms to remuneration are made

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ASIC to pursue harsher penalties for banks

New amendments have passed the senate that will allow ASIC to be able to pursue harsher civil penalties against banks, their executives and other who ...

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ASIC consults on responsible lending update

ASIC has issued a consultation paper to update its guidance on responsible lending in the wake of the royal commission.  ASIC’s guidance to ...

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