Regulation

A Senate committee has called on the Treasurer to provide further guidance and detail around some of the responsible lending reforms, including the provision of reverse mortgage credit ...

ASIC has cancelled a Victoria-based financial firm’s licences after it failed to lodge its accounts and appoint a new ‘key person’.

The amended law making Comprehensive Credit Reporting mandatory from 1 July 2021 has passed, establishing updated commencement dates, providing greater protections for consumers and granting ...

Rosemary Rogers, the former chief of staff to the CEO of NAB, has been sentenced to eight years’ imprisonment after defrauding the bank of millions of dollars.

The financial services regulator has warned investors of a rise in imposter bond investment offers, suggesting practical steps to avoid them.

Third parties should be given “action initiation”, the final report into the Inquiry into Future Directions for the Consumer Data Right has recommended.

The corporate regulator has outlined why it chose to delay sending documents regarding its chair’s accounting expenses.

The move to scrap responsible lending will undo all the progress made by the industry and would be a drastic step, according to Pepper CEO Mario Rehayem.

The Consumer Data Right rules have been amended to enable more business customers of banks to use it and share their data with accredited data recipients.

The prudential regulator will no longer require banks to retain a minimum level of earnings since the economic outlook has improved, but has warned banks to remain vigilant.