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Regulation

ACCC flexes muscles in 1st CDR accreditation rejection
5 January 2023

iSignthis’ CDR application had been rejected, the first ever from the ACCC, the regulator has confirmed.

ASIC successful in High Court against Cigno appeal
19 December 2022

The High Court has dismissed special leave applications by short-term lender Cigno and BHF Solutions.

Australians unconvinced by digital currency
16 December 2022
Australians unconvinced by digital currency

While the Reserve Bank has an ‘open mind’ on Australia’s move towards a digital currency, Australians may need encouragement.

Top 5 scams to avoid this festive season: Assistant Treasurer
16 December 2022

The Minister for Financial Services and Assistant Treasurer, Stephen Jones, has warned Australians of the potential risk of scams this holiday season.

Intervention improves small credit lenders’ TMDs: ASIC report
14 December 2022

The Australian Securities & Investments Commission has published a snapshot report into small amount credit lenders’ compliance with DDO obligations.

‘Game changing’ action initiation CDR legislation introduced
6 December 2022
‘Game changing’ action initiation CDR legislation introduced

New legislation has been introduced that expands the Consumer Data Right to enable consumers to instruct lenders to initiate actions, including moving bank products, on their behalf.

REIA urges RBA to hold off on a Christmas rate rise
5 December 2022
REIA urges RBA to hold off on a Christmas rate rise

Citing the slowing pace of the ABS’ consumer price index (CPI), Hayden Groves has called for the central bank to ease increases ahead of next Tuesday’s (6 December) meeting.

AOFM welcomes its 1st female CEO
30 November 2022
AOFM welcomes its 1st female CEO

Anna Hughes, South Australia’s Deputy Under Treasurer, has been appointed chief executive of the Australian Office of Financial Management.

ING strengthens ‘shortcomings’ in money laundering controls: AUSTRAC
25 November 2022
ING strengthens ‘shortcomings’ in money laundering controls: AUSTRAC

Dutch bank ING has agreed to strengthen its anti-money laundering and counter-terrorism financing compliance following an enforceable undertaking.

Surge in scams shakes trust in Australians: Assistant Treasurer
25 November 2022
Surge in scams shakes trust in Australians: Assistant Treasurer

The Assistant Treasurer addressed the Customer Owned Banking Association on the surge of scams and data breaches seen in Australia.