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Regulation

26 September 2023 • By • 1 min read

ANZ fined $15m for misleading customers

The bank has admitted to misleading its customers about the funds available to them. On Tuesday, the Federal Court ordered ANZ to pay a $15 million ...

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Could rising petrol prices prompt another RBA rate hike?

The risks are tilted towards another rate hike in the upcoming months. The minutes from the recent Reserve Bank of Australia (RBA) meeting ...

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‘Massive turnaround’ as tax revenue drives $22bn budget surplus

The federal government is celebrating the first budget surplus in 15 years, but another surplus is not anticipated in the current financial year, ...

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Treasurer working through ‘handful of issues’ from RBA review

While the government has agreed in-principle with all of the RBA review’s recommendations, a number of issues still need to be ironed out

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NAB’s $2.1m fine seen as inadequate by judge

The penalty is unlikely to have any real impact on the bank’s future conduct, according to a Federal Court judge. A Federal Court judge who handed ...

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Big 4 bank to pay $2.1m penalty for overcharging customers

The Federal Court has found that the bank engaged in unconscionable conduct. On Friday, the Federal Court ordered NAB to pay a $2.1 million penalty ...

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Rates to stay higher for longer as Fed mulls another hike

The US Federal Reserve has left interest rates on hold but, like other major global central banks, is leaving the door open to more hikes in the ...

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Franking changes to impact SMSFs and retail investors

According to a portfolio manager at a boutique investment management firm, the government’s proposed changes to franking credits could have unintended ...

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Crypto exchange sued by ASIC after customers lose $13m

The regulator has commenced civil penalty proceedings against the crypto exchange for failures that have cost customers just under $13 million

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Interactive Brokers pays $832k penalty over ‘suspicious trading’

The Market Disciplinary Panel has accused the firm of being negligent and reckless. Interactive Brokers Australia has paid a $832,500 penalty to ...

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