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Regulation

regulation

22 May 2020 • By Sarah Simpkins • 1 min read

Government cracks whip on class action funders

The Morrison government has indicated it will be slapping litigation funders with tougher regulatory standards, with financers to be required to hold ...

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Government bans LIC commissions 

The Morrison government will move to extend the ban on conflicted remuneration to listed investment companies (LICs), in an effort to protect ...

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Can banks avoid a royal commission replay?

Their virus response has been top-notch. But what happens when the support ends? Australia’s banks have stepped up to protect customers and ...

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Responsible entity gets suspension revoked

A responsible entity has had its AFS licence suspension revoked and sought a review of ASIC’s decision. In April, ASIC suspended Ausfunds ...

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Westpac won’t go down without a fight

Westpac has admitted it broke the law, but it has sent a firm warning that it will fight some of the most controversial charges. Westpac filed a ...

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Super merger relief holds burden for managed funds, body cautions

An industry body has warned the capital gains tax rollover relief for merging super funds has brought an “unnecessary” encumbrance for managed funds

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ASIC puts market participants on notice

The regulator has warned market participants to step up their game after it was forced to intervene at the height of the liquidity crisis

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Powell issues stark warning

US Federal Reserve chairman Jerome Powell cratered market optimism with a warning that a “prolonged recession” means the massive policy response will ...

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Ten super funds covered two thirds of early release total

APRA has published its first round of fund-level data on the superannuation early release measure, reporting two weeks into the scheme, the 10 funds ...

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Royal Commission commitments delayed

The “significant impacts” of the COVID-19 outbreak mean the implementation of the Royal Commission commitments has been put on the backburner

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