All posts tagged "Royal Commission"
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439Australia & NZAustralia: Mutual Banks Face “Avalanche” of Regulatory Change
A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.
July 29, 2021 -
245Australia & NZASIC to Update Guidance on Anti-hawking Regime
The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.
July 23, 2021 -
281Australia & NZASIC Publishes Reference Checking Protocol & Guidance
The protocol and guidance will help financial advisers and mortgage brokers comply with new reference checking and information sharing obligations.
July 23, 2021 -
216Australia & NZAustralia Consults on Compensation Scheme of Last Resort
The CSLR will establish an industry-funded compensation mechanism for individuals who have won decisions against insolvent financial firms.
July 21, 2021 -
231Australia & NZ
Australia Issues Consultation on Financial Accountability Regime
The FAR will not impose civil penalty liability on accountable persons, a shift from the government's position in a January 2020 consultation.
July 20, 2021 -
212Australia & NZABA Commissions Review of Banking Code of Practice
The 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, 2021 -
187Australia & NZAPRA, ASIC Call on Super Trustees to Police Advice Fees
Trustees should have in place processes and a robust assurance framework to ensure fee deductions from superannuation accounts are appropriate.
July 7, 2021 -
164Australia & NZAustralia Introduces Bill to Improve Financial Advice
FASEA's functions will transfer to the Treasury and ASIC. New disciplinary and registration systems for financial advisers will apply from January 2022.
July 1, 2021 -
235Australia & NZ
Australia Passes Bill to Establish Monitoring Body for ASIC, APRA
In its first year, the FRAA will assess ASIC to ensure it is operating in line with expectations and supporting the economic recovery.
June 28, 2021 -
242Australia & NZ
Australian Senate Approves Landmark Superannuation Reforms
The reforms will enable easier comparison of super funds and block underperforming funds from gaining new members, among other changes.
June 23, 2021
