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Regulation

regulation

28 February 2024 • By Maja Garaca Djurdjevic • 1 min read

Labor’s tax cuts pass Parliament with relief to kick in from 1 July

Labor’s cost-of-living tax cuts passed the Senate this week. Labor’s tax cuts have now been embedded in law following their passage through the ...

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ASIC takes action against former Blockchain Global director

ASIC has secured interim travel restraint orders against former Blockchain Global director Allan Guo. Allan Guo was referred to the Australian ...

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Cooling inflation gives merit to rate cut discussions

The ABS has released its monthly consumer price index indicator. Inflation rose 3.4 per cent in the 12 months to January 2024, according to the ...

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Financial services among worst gender gap offenders, WGEA reveals

New data has revealed that when it comes to gender pay gaps, financial and insurance services stand out among the worst offenders. Financial and ...

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Bragg calls for close scrutiny of ‘structurally flawed’ Twin Peaks model

Senator Andrew Bragg is demanding a comprehensive review of the regulatory framework through a new Financial System Inquiry (FSI). Speaking at an ...

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Despite rate cut forecasts, RBA admits it debated a hike in February

At its last meeting, the board deliberated between a further quarter of a point increase and a hold. The Reserve Bank of Australia (RBA) considered ...

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‘No certainty banks aren’t engaging in fees for no service’, says ASIC

ASIC says it can never be certain that banks are no longer engaging in fees for no service. Appearing before the Senate estimates committee on ...

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Unemployment rises above 4% for first time in two years

The ABS has released its latest labour force data, finding Australia’s seasonally adjusted unemployment rate has increased. The unemployment rate ...

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FSC backs increased sophisticated investor threshold

The Financial Services Council (FSC) says the sophisticated investor test needs to be updated to protect consumers. Research undertaken by PwC and ...

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No changes to negative gearing or capital gains in the pipeline, says Treasurer

The Treasurer has provided assurance that there will be no alterations to either negative gearing or capital gains. Treasurer Jim Chalmers said ...

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