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Regulation

regulation

04 April 2017 • By Tim Stewart • 1 min read

ACCC rules against banks on Apple Pay

Australia’s biggest banks will not be allowed to collectively bargain with Apple or boycott Apple Pay, the Australian competition watchdog has ...

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Citibank refunds $5m in transaction fees

Citigroup has refunded close to $5 million to around 230,000 customers after failing to properly disclose that credit card international transaction ...

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Government tables new ASIC funding bill

The legislation that will enable ASIC’s new industry funding model has been tabled in Federal Parliament. The ASIC Supervisory Cost Recovery Levy ...

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ASIC signs MOU with Takeovers Panel

The corporate regulator has signed a memorandum of understanding with the Australian government’s Takeovers Panel highlighting the need to “refer to ...

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Government closes client money loophole

A bill that closes a loophole permitting over-the-counter derivatives providers to use client monies for more than just derivatives transactions has ...

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New ASIC guidance released for REs

The corporate regulator has issued new guidance for responsible entities in an effort to improve risk management systems. Regulatory Guide 259 is ...

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Count Financial wins case over negligent advice

A judge has dismissed claims from a client that negligent advice from Commonwealth Bank-owned Count Financial resulted in the loss of their life ...

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ASIC cancels Aquaint Capital’s AFSL

The corporate regulator announced yesterday it has cancelled the Australian Financial Services Licence of Singapore-based property investment company ...

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ASIC calls for remuneration intervention powers

The big bank “oligopoly” in Australia can only be broken up if the regulator has the power to make rules about remuneration structures, says ASIC ...

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Senate approves equity crowdfunding legislation

The Turnbull government's crowdsourced equity finance bill has passed the federal Senate. The Corporations Amendment (Crowd-sourced Funding) Bill ...

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