Australia

Market Infrastructure

Australia Seeks Partners to Help Develop Carbon Exchange

By Editors | 02/05/2021

Australia’s Clean Energy Regulator is seeking a partner or partners to facilitate the emergence of an exchange-traded market for carbon offset units.

Enforcement

Australian Court Charges Woman for Superannuation Fraud

By Editors | 01/05/2021

A woman is said to have submitted multiple false hardship claims on behalf of others to gain early access to A$330,000 in superannuation.

Australia: Treasury to Merge Quality of Advice, Life Insurance Reviews

By Ranamita Chakraborty | 01/05/2021

Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.

RBNZ, RBA, Bank of Canada Form Network to Foster Indigenous Inclusion

By Ranamita Chakraborty | 01/05/2021

Other central banks are encouraged to join the network, which will serve as a community of practice to share knowledge and foster indigenous inclusion.

Treasury Announces New Chair, Deputy Chair for ASIC

By Sanday Chongo Kabange | 01/05/2021

The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.

Market Infrastructure

APRA Issues Draft Prudential Practice Guide on Remuneration

By Editors | 01/05/2021

The guidance will assist entities in complying with APRA’s new standard on remuneration, which is expected to be finalised later this year.

AML / KYC

FATF Publishes New Zealand Mutual Evaluation Report

By Manesh Samtani | 30/04/2021

Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.

AML / KYC

Australia Scraps Plan to Introduce Beneficial Ownership Register

By Ranamita Chakraborty | 30/04/2021

Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.

Market Infrastructure

RBNZ Releases Final Guidance on Developing Cyber Resilience

By Ranamita Chakraborty | 29/04/2021

This guidance provides the baseline-level of cyber resilience recommendations as well as recommendations for enhanced-level practices.