Regulation

Labor ditches Robodebt contract
17 April 2023

The Albanese government has pledged to ensure Robodebt never happens again, announcing all welfare payment debt will be managed in house over the coming months. 

Finfluencer hit with permanent injunctions
14 April 2023

The Federal Court has made permanent injunctions against social media finfluencer Tyson Robert Scholz, prohibiting him from carrying on a financial services business in Australia in ...

Banks launch scam awareness campaign
12 April 2023

The new campaign highlights the importance of customer alertness against criminal activity by scammers.

APRA consults on bank branches data amid closures
5 April 2023

The prudential regulator is launching a public consultation on its ‘points of presence data’, as recommended in a regional banking report.

ASIC sues insurance company over unfair contract terms
4 April 2023

The regulator has begun proceedings into the alleged unfair contract terms by the general insurance company.

Treasurer’s ‘initial’ response to RBA review due in April
3 April 2023

Treasurer Jim Chalmers’ initial views on the Reserve Bank review should be known ahead of the May budget, it has been revealed.

ACCC issues banking scam warning
31 March 2023

The consumer watchdog has called for heightened vigilance among bank customers amid reports of up to $800,000 in losses from a single scam.  

Stress, anxiety, and suicide: How Robodebt traumatised Australia
14 March 2023

After nine weeks of hearings, the Robodebt royal commission is over. But the mental health impact of the controversial government scheme is still being felt.

Chalmers blocks Senate order into ASIC deputy
13 March 2023

Treasurer Jim Chalmers has blocked a Senate order calling for the release of confidential findings of misconduct against ASIC deputy Karen Chester. 

Lenders in court over ‘serious’ credit breaches
10 March 2023

ASIC has taken two small-business lenders to court for unlicensed credit activity and charging an annual interest rate of over 48 per cent.