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Regulation

regulation

01 June 2020 • By Lachlan Maddock • 1 min read

ASIC cancels responsible entity’s AFSL

ASIC has cancelled the AFSL of a Melbourne-based financial services provider and responsible entity with four managed investment schemes

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‘We have a long battle ahead’: Byres

APRA chairman Wayne Byres has told banks to prepare for the long haul and warned that the idea that the financial system will return to normal is ...

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Stimulus must stay: Lowe

RBA governor Philip Lowe has warned that withdrawing the massive fiscal stimulus risks destabilising the recovery at a critical point. While the ...

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Court orders receivers to WA firm 

The Federal Court of Australia has sided with ASIC over a case concerning an alleged unregistered managed investment scheme and a related company, ...

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AFCA reports soaring complaints amid crisis

The financial services industry ombudsman has revealed it has received thousands of complaints from consumers relating to the COVID-19 crisis, with ...

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ACCC launches open banking portal

The ACCC has travelled one step further towards rolling out open banking in July, having debuted a platform allowing banks and fintechs to become ...

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Disclosure provisions on hold

COVID-19 has claimed another legislative scalp, with continuous disclosure provisions now on hold in a move the government hopes will prevent ...

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Government launches recovery plan

The Morrison Government has outlined its long-awaited recovery plans. In an address to the National Press Club, Prime Minister Scott Morrison ...

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Mayfair blasts receiver reports

Mayfair 101 has hit back at suggestions that it might be in strife after receivers were appointed to one of its funds. Mayfair 101 has labelled the ...

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Battle lines drawn on JobKeeper bungle

The revelation that the cost of JobKeeper has been halved has sent shock waves through Canberra as pollies grapple with the decision of whether to ...

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