Regulation

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.

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.