Australia

Market Infrastructure

RBNZ Returns to Single Mandate, Renewing Focus on Inflation

By Editors | 14/12/2023

The RBNZ was tasked with a dual mandate in 2018, targeting both low inflation and full employment. “This change was a mistake,” said Finance Minister Nicola Willis.

AML / KYC

CBA, Vodafone Announce Scam Intelligence Sharing Partnership

By Sanday Chongo Kabange | 13/12/2023

CBA and Vodafone are sharing intelligence on SMS scams to help disrupt, detect and block fraudulent payments.

AML / KYC

AUSTRAC Announces Regulatory Priorities for 2024

By Editors | 13/12/2023

AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.

ESG / Sustainability

ACCC Issues Finalised Guidance on Greenwashing

By Sanday Chongo Kabange | 13/12/2023

The guidance comprises eight principles to help businesses ensure their environmental and sustainability claims comply with the law.

Capital / Liquidity

APRA Advances Proposals on Interest Rate Risk Management

By Sanday Chongo Kabange | 13/12/2023

APRA updated its revisions to APS 117 based on consultative feedback and is now consulting on changes that are relevant to smaller banks.

Enforcement

Australia to Increase Tax Practitioners Board’s Enforcement Powers

By Sanday Chongo Kabange | 12/12/2023

New consultations propose to strengthen the Tax Practitioners Board’s sanctions regime and expand its Code of Professional Conduct.

Securities / Derivatives

NZX Confirms Effective Date of Listing Rule Changes

By Editors | 12/12/2023

NZX will permit accelerated non-renounceable entitlement offers, known as ANREOs, if doing so is in the best interests of the issuer, and subject to additional safeguards.

Australia to Simplify, Enhance Financial Advice Rules

By Mark Johnston | 11/12/2023

The reforms aim to make financial advice more accessible, affordable and safe for consumers.

Fintech / Regtech

Australia Proposes Licensing Framework for Payment Services

By Manesh Samtani | 09/12/2023

Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.