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Regulation

regulation

23 July 2021 • By Sarah Kendell • 1 min read

Big 4 partner bank tapped for further breaches

A South-Pacific bank with ties to two of Australia’s big four is in further hot water over potential breaches of prudential standards in its global ...

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Government releases new royal commission bills

Following pressure to complete its legislative response to the royal commission, Treasury will consult on a number of new bills addressing ...

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Forum Group in administration as Westpac case deepens

Administrators have commenced closing down subsidiaries within a group of companies involved in a $200 million alleged fraud against Westpac, with the ...

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Big four banks at risk over PNG AML scandal

An ASX-listed South-Pacific banking group has caught the ire of the regulator in its global headquarters of Papua New Guinea for alleged serious ...

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ASIC provides relief for litigation funders

The corporate regulator has released guidance around how funders of class actions will fit into the financial services licensing regime that it hopes ...

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FSC launches DDO 1.0

The industry body has made a range of templates available that have been taken up by hundreds of member and non-member firms in anticipation of the ...

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Court moves on company directors in Westpac case

The Federal Court has frozen the assets of a number of company directors tied up in a $200 million alleged fraud case against Westpac, in another blow ...

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Could the political tide be turning on inheritance tax?

It’s traditionally been a politically unpopular move, but new research has indicated the majority of Australians are in favour of reintroducing taxes ...

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Melbourne man charged with market manipulation

A Melbourne man has faced court charged with 23 counts of market manipulation and 19 charges of illegal dissemination of information. In a ...

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‘Substantial change has been achieved’: Report gives green light to bank practices

Four years on from an independent review that found the product-focused culture of Australia’s banks needed immediate reform, the report’s author has ...

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