Regulation

APRA has stated that the federal government’s SME loan schemes can be regarded as an eligible guarantee by the government for risk-weighting purposes.

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The government has appointed a full-time APRA member to replace Geoff Summerhayes, while APRA has made changes in responsibilities for its members.

The prudential regulator has launched a consultation on its updated approach to licensing and supervising new authorised deposit-taking institutions.

APRA has closed its investigation of Westpac into possible breaches of the Banking Act 1959 in relation to allegations of breaches of anti-money laundering laws.

The Senate economics legislation committee has recommended that the bill repealing responsible lending laws be passed.

The regulator has officially revoked Xinja’s banking licence, following the completion of its return of deposits.

The financial services regulator has commenced proceedings in the Federal Court against a big four bank over allegations it charged fees for making certain periodic payments when it was not ...

The federal government has confirmed that it will permanently change continuous disclosure laws to reduce company liability and discourage “opportunistic class actions”.

The Federal Court has declared that the major bank engaged in misleading and deceptive conduct on 12,119 occasions when charging a rate of interest on business overdraft.