Regulation

The coronavirus restrictions could cost the economy $4 billion for every extra week they remain in place, Treasurer Josh Frydenberg said, predicting a significant drop in GDP of 10 to 12 per ...

Almost $13 million in civil penalties were imposed and 279 criminal charges laid in the second half of 2019 off the back of enforcement action from ASIC.

The banking regulator has announced new reporting requirements for lenders participating in the government’s SME finance scheme.

The financial services regulator has revealed which projects it will be deferring to focus on the impact of COVID-19, including several mortgage data projects.

The regulator has announced a range of changes to the reporting obligations of ADIs and RFCs, including the extension of BEAR compliance deadlines from 14 to 30 days.

The regulatory approach to the RBA’s recently announced term funding facility, which aims to incentivise lenders to continue to supply business finance, has been revealed by APRA.

Firstmac managing director Kim Cannon is “disappointed” that Treasury rejected the non-bank’s proposed acquisition of Maleny Credit Union, which he said would have brought “real competition” ...

The prudential and financial services regulators have announced new regulatory approaches given the ongoing COVID-19 pandemic, including attitudes to repayment holidays.

The government has remained quiet on its surplus intentions, as Australia’s economy feels the pain caused by the worldwide outbreak of coronavirus.

The government has released the exposure draft for regulatory amendments that will support and give effect to the full rollout of mandatory consumer credit reporting.