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Regulation

regulation

16 September 2015 • By Reporter • 1 min read

ASIC warns super trustees on compliance

ASIC has indicated that compliance by responsible entities and superannuation trustees needs to be improved, particularly in areas such as processes ...

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ATO warns on SuperStream compliance

The Australian Taxation Office has warned Australian businesses that time is running out to comply with the new electronic super contributions regime

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Medcraft pushes for product intervention powers

ASIC chairman Greg Medcraft has restated the case for product intervention powers for the corporate regulator, as recommended by the Financial System ...

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Government abandons bank deposit tax

The federal government has scrapped Labor's plan to introduce a bank deposit tax that would have raised about $1.5 billion over the next four ...

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ASIC set to move to user-pays

ASIC is set to move to a user-pays model with the release of a consultation paper by the government. Assistant Treasurer Josh Frydenberg has ...

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Banks must be 'shamed' on vertical integration

There has yet to be "sufficient shame" applied to the banks and their chief executives to reduce the problems inherent in vertical integration, ...

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Don’t get blindsided by culture, warns Murray

Financial System Inquiry chair David Murray has warned ASIC and the government against focusing on culture at the expense of the “clarity of the law” ...

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Four pillars is 'industry policy at its worst'

The 'four pillars' approach to banking competition in Australia only serves to protect domestic banks, with "little or no benefit to consumers", ...

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Don't undermine SG charge: Cbus

Industry fund Cbus has taken exception to the government's proposal to reduce the 'harshness' of the superannuation guarantee (SG) charge for ...

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New OTC reporting rules for super trustees

Super fund trustees are set to face further scrutiny when it comes to over-the-counter (OTC) derivatives, with new reporting requirements to be put in ...

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