Regulation

ACCC welcomes merger rule changes
10 April 2024

Mergers will be approved within 30 working days and follow a single decision-making process as part of new merger reforms, which the ACCC has welcomed.

Government warns market about tax scams
8 April 2024

Tax refund scams have ballooned, according to the Albanese government, with a warning issued for consumers to be vigilant.

Government passes foreign investor fee legislation
5 April 2024

The Property Council of Australia (PCA) has warned that the fee increase could put the government’s housing targets “at risk”.

HSBC Bank pays $33k in alleged CDR breach penalties
2 April 2024

The non-major bank has paid penalties following two infringement notices from the ACCC.

Government introduces legislation to ‘modernise’ financial system
2 April 2024

The federal government has introduced new legislation to bolster regulatory arrangements for the country’s financial market infrastructure.

‘Time is right’ for government-backed RMBS: Greg Medcraft
28 March 2024

The AFG chairman and former ASIC chair says the time is now right to bring about the competition inquiry’s ‘compelling’ recommendation for a public RMBS.

Mortgage changes recommended by economics committee
27 March 2024

The House standing committee on economics has released its Better Competition, Better Prices, putting forward a range of recommendations on mortgages.

APRA announces system-wide stress test
27 March 2024

The financial system will undergo its first system-wide stress test in 2025, the prudential regulator has announced.

ANZ settles credit card class action
26 March 2024

The major bank has moved to settle a class action lawsuit from 2021.

CSLR releases credit intermediary levy costs
19 March 2024

Estimates have been released for the first and second levy periods that will fund claims from eligible consumers who have been the victims of financial misconduct.