Regulation

The Senate economics committee has called for an increase in the maximum superannuation withdrawal cap for first home buyers.

The Federal Court has dismissed charges filed against the major bank by AUSTRAC.

The regulator has granted the big four major banks to develop an assurance acquisition program for aggregators.

Sam White, the executive chairman of LMG, has suggested that responsible lending laws should be streamlined as open banking rolls through the mortgages space.

The bank will have to pay a $10 million penalty for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties.

The Queensland government has passed new legislation through the Parliament to fast-track affordable housing development.

The ATO is urging super professionals to watch for potential illegal access to super schemes.

The regulator’s chief executive is due to step down from his role as ASIC enters the “next phase of its transformation”.

The NSW government has said it may look to increase taxes on foreign investors in the same week it confirmed that property owners would be tapped to pay for the state’s emergency services

The Supreme Court of NSW has ruled on the application of payroll tax to certain brokers, setting a precedent that could reverberate throughout the industry.