Regulation

Treasurer Scott Morrison has reaffirmed the government’s commitment to preserve current negative gearing arrangements, claiming that macro-prudential measures have already addressed ...

The banking regulator has today announced plans to remove its macro-prudential measures, which have been in place since 2014.

The Australian government has published the draft legislation that will underpin the Australian Securities and Investments Commission’s (ASIC) new industry funding model.

Detectives are appealing for information that may assist an investigation of allegations of a multimillion-dollar corporate fraud involving a former NAB “supplier”.

The Productivity Commission’s call for a “competition champion” is “impractical” and “unlikely” to deliver the desired outcomes, according to the Treasury.

The financial services regulator has outlined what it believes are the six “key components of a good financial system”.

ASIC has welcomed a Productivity Commission proposal to alter its mandate, but it is hesitant to become an enforcer of competition laws.

The government has nominated barrister and Victorian Bar Council member Daniel Crennan to fill the newly created position of co-deputy chair at ASIC.

The prudential regulator will front the House of Representatives Standing Committee on Economics as part of the committee’s review of its performance.

“Fierce competition” in the Australian financial system is being “heavily controlled” by regulatory measures that favour stability, Productivity Commission chairman Peter Harris has warned