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Regulation

regulation

15 February 2018 • By Jessica Yun • 1 min read

AFCA bill passes through Senate

Legislation to establish the one-stop shop dispute resolution body, the Australian Financial Complaints Authority, has passed the Senate

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No legal barriers for royal commission witnesses

Commissioner Kenneth Hayne QC has confirmed he will take a very dim view of institutions that seek “legal redress” against whistle-blowers providing ...

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Violent offenders could lose super

Court-ordered debts of violent criminals could soon be paid out of their superannuation, but IOOF says the idea will need “careful consideration”

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Make ASIC a ‘champion for competition’: PC

The Productivity Commission has released a damning report about the lack of competition within Australia’s financial system, recommending a regulatory ...

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ClearView penalised for aggressive sales tactics

Insurance company ClearView will refund $1.5 million to 16,000 customers for using “unfair and high-pressure” life insurance sales practices. A ...

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ASIC removes OpenMarkets’ licence conditions

ASIC has removed licence conditions it imposed on OpenMarkets after an independent review found the company had “adequately addressed” doubts about ...

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Cryptocurrency regulation in ‘embryonic state’

The Australian Treasury and members of the ATO have been “informally” looking into regulation and taxation of cryptocurrencies, according to federal ...

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APRA panel examining CBA’s ‘fall from grace’

APRA’s inquiry into CBA’s governance, culture and accountability frameworks has conducted around 60 interviews with CBA staff as it works towards its ...

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Cryptocurrencies facing new AUSTRAC rules

AUSTRAC has moved to further tighten regulation for digital currency providers in a draft of the new anti-money laundering and counter-terrorism ...

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ASIC sounds warning on death nominations

The corporate regulator has warned Australian financial services licensees about failing to meet requirements and thereby taking shortcuts when ...

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