Super funds will be required to prepare and lodge financial reports for each financial year and half-year with ASIC, and make their reports publicly available.
August 18, 2021The new approach increases clarity around capital requirements at different stages for new entrants to the banking sector.
August 12, 2021Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021CET1 capital may not have unusual features that could undermine its role as the highest quality loss-absorbing capital. The final APS 111 takes effect from 1 January 2022.
August 6, 2021APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.
August 2, 2021APRA intends to formalise regulatory support measures for banks offering Covid-19 loans through a temporary amendment to APS 220.
August 2, 2021AMP companies are said to have charged advice fees to more than 1,500 customers despite being notified they were no longer able to access the relevant advice.
July 30, 2021A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.
July 29, 2021The self-assessments must be submitted to APRA by 30 November. Feedback will be provided early next year.
July 23, 2021APRA says some requirements associated with unquestionably strong benchmarks will be revised and simplified. A quantitative impact study is being conducted.
July 22, 2021