Regulation

Increased security, greater privacy and better action protection against scams are expected to be the upsides of a new bill introduced to Parliament, according to the ABA.

After undergoing revisions, the Housing Australia Future Fund has successfully gained approval in the Senate, welcomed by industry leaders.

The federal government has introduced a bill that allows for the allocation of housing infrastructure funding in regional, rural, and remote Australia.

The federal government’s Housing Australia Future Fund is set to pass Parliament after support from the Greens.

The Australian Banking Association has submitted a proposal to ASIC to establish a new banking code.

The association head has welcomed Parliament passing legislation for the Financial Accountability Regime.

Former ASIC chair James Shipton has written an open letter to the Treasurer and Assistant Treasurer demanding they take action on addressing harmful behaviours in the workplace.

ASIC alleged the major bank failed to process 229 hardship applications within 21 days between 2015 and 2022.

The practice of ‘screen scraping’ is under scrutiny, following recommendations to axe it.

The Treasury has proposed new changes aimed at enhancing consent and transparency within the CDR framework for the non-bank sector.