The RBA's Philip Lowe, ASIC's Joe Longo and APRA's Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.
March 18, 2022ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of "fierce pushback" from major banks.
February 9, 2022Some banks, such as Westpac, have already begun to implement practices within the guideline. Others will roll out the practices over the next 12 months.
November 2, 2021APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.
September 5, 2021Starting on 5 October, a four-day pause will be introduced between the sale of a principal product or service and the sale of add-on insurance.
August 2, 2021The review seeks input on whether CDR laws provide adequate data protection and how effective the Code has been in supporting consumers during Covid-19.
July 13, 2021Providers of debt management services including debt negotiation or credit repair services must obtain a credit licence to continue operating.
July 8, 2021Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021.
May 10, 2021The ABA is calling on governments across Australia to establish consistent power of attorney laws across the country and a national POA register.
April 7, 2021The government will guarantee up to 80 percent of the loans under the scheme, while also increasing the loan limit and allowing larger businesses to also benefit.
March 12, 2021