Australia

Structural Regulation

Australia Consults on CGT Regime for Foreign Residents

By Ranamita Chakraborty | 25/07/2024

The foreign resident capital gains tax regime and capital gains withholding regime are both being amended.

PEPs & Sanctions

Australia Imposes First Sanctions Against Israelis in West Bank

By Editors | 25/07/2024

Seven Israelis and a youth group were sanctioned for their involvement in violent attacks against Palestinian communities.

Alternative Markets

ASIC Establishes Special Unit to Examine Valuations in Private Markets

By Ranamita Chakraborty | 25/07/2024

The dedicated unit will address transparency concerns in private markets, aiming to ensure fair practices and investor protection.

Structural Regulation

Australia Consults on Draft Legislation to Reform Merger Rules

By Sanday Chongo Kabange | 25/07/2024

Treasurer Jim Chalmers said the reforms will make Australia’s merger approval system faster, stronger, simpler, more targeted and more transparent.

Liquidity Risk

APRA Revises Liquidity Requirements for Smaller Banks

By Manesh Samtani | 24/07/2024

Mutual banks and credit unions will have to value liquid assets on a mark-to-market basis, taking into account unrealised losses.

Market Abuse

ASIC Charges Four in Telegram ‘Pump and Dump’ Case

By Sanday Chongo Kabange | 24/07/2024

Four individuals coordinated to select penny stock targets and announced those targets in a public Telegram group named the ‘ASX Pump and Dump Group’.

Emerging Prudential Risks

APRA Issues Final Version of Digital Prudential Handbook

By Sanday Chongo Kabange | 24/07/2024

The handbook brings together all of APRA’s prudential standards, prudential practice guides and relevant supporting information in one place.

Conduct, Culture & Accountability

APRA Requires OnePath Custodians to Pay A$10.7m

By Sanday Chongo Kabange | 23/07/2024

Deputy Chair Margaret Cole said APRA’s patience for entities who are still struggling with foundational issues has “run out”.

Data Privacy

ASIC Signs Data Sharing MoU With Information Commissioner

By Sanday Chongo Kabange | 22/07/2024

ASIC and the OAIC will share data and privacy breach information to enable both agencies to perform their functions more effectively.