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Regulation

regulation

14 December 2018 • By James Mitchell • 1 min read

Class action lawyers circle IOOF, costs could exceed $150m

A national law firm is considering a class action against embattled wealth giant IOOF. APRA recently took measures to disqualify several key ...

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Westpac shareholders reject executive pay

Westpac incurred a first strike against its remuneration report at its annual general meeting this week, where chairman Lindsay Maxsted said the ...

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Australian financial industry to remain safe from terrorism effects

A review into the governments Terrorism Insurance Act has recommended that the scheme to protect Australia’s markets in the event of a terrorist ...

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Government forces sale of $380m worth of real estate

The federal government has sold over 300 Australian properties, valued in excess of $380 million, that were illegally owned by foreign nationals

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Complaints spike 47% in AFCA’s first month

The Australian Financial Complaints Authority has received over 6,500 complaints in its first month, an increase of over 47 per cent when compared to ...

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ASIC to cut red tape

ASIC has released its latest report that highlights the commission’s efforts to reduce red-tape and achieve more practical regulatory outcomes for ...

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Open banking law to enter Parliament

Open banking is creeping closer, with the Coalition government planning to introduce its Consumer Data Right legislation into Parliament today

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Legislative changes to impact long-term income

Parliament has introduced legislative changes to the means test for longevity products, which will give Australians an incentive to consider their ...

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Investors have a role to play in stopping slavery

The Modern Slavery Act has just been passed in parliament and will introduce reporting requirements for businesses on the risk of slavery in their ...

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Financial reporting set to change

ASIC has released its focus areas for 31 December 2018 financial reports with a call to focus on new accounting standards.  ASIC has called on ...

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