ADVERTISEMENT
Australia
Enforcement
Australia Court Rules Against CFD Firms in Landmark Ruling
By Editors | 26/12/2024
The Court for the first time found that a licensee breached the law by offering services to customers outside of the country.
AML / KYC
Australia Reviews Tax Regulator Secrecy Exceptions
By Editors | 24/12/2024
Feedback is sought on allowing the ATO or TPB to share protected tax information for purposes such as fraud prevention.
Enforcement
FMA Says Westpac NZ Admitted to Overcharging 24,000 Customers
By Editors | 24/12/2024
The bank self-reported the issue, fully cooperated with the FMA’s investigation, and provided remediation to impacted customers.
Australia Publishes Ministerial Rules to Implement Global Minimum Tax
By Sanday Chongo Kabange | 23/12/2024
Treasurer Jim Chalmers said the ministerial rules will ensure multinational corporations operating in Australia pay their “fair share of tax”.
Market Infrastructure
Australia Considers Introduction of ‘Treating Customers Fairly’ Regime
By Manesh Samtani | 23/12/2024
Andy Schmulow talks to Regulation Asia about a project he is leading to investigate the introduction of a TCF regime in Australian financial services.
Fintech / Regtech
ASX Recovers from Worst Market Disruption in Four Years
By Editors | 23/12/2024
No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.
AML / KYC
FMA Launches Legal Action Against InvestNow for Breaching AML Rules
By Editors | 22/12/2024
The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.”
Fintech / Regtech
Australia Proposes to Mandate Cash Acceptance for Essential Items
By Editors | 22/12/2024
Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.
New Zealand Proposes Caps on Visa and Mastercard Interchange Fees
By Editors | 21/12/2024
The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.
Market Infrastructure
Australia Launches Tool to Enhance Visibility of Regulatory Change
By Editors | 20/12/2024
Treasurer Jim Chalmers said the Regulatory Initiatives Grid will help improve the sequencing and implementation of reforms
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.