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regulation

15 February 2024 • By Maja Garaca Djurdjevic • 1 min read

‘No certainty banks aren’t engaging in fees for no service’, says ASIC

ASIC says it can never be certain that banks are no longer engaging in fees for no service. Appearing before the Senate estimates committee on ...

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Unemployment rises above 4% for first time in two years

The ABS has released its latest labour force data, finding Australia’s seasonally adjusted unemployment rate has increased. The unemployment rate ...

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FSC backs increased sophisticated investor threshold

The Financial Services Council (FSC) says the sophisticated investor test needs to be updated to protect consumers. Research undertaken by PwC and ...

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No changes to negative gearing or capital gains in the pipeline, says Treasurer

The Treasurer has provided assurance that there will be no alterations to either negative gearing or capital gains. Treasurer Jim Chalmers said ...

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Mayfair 101 resumes interest payments for lenders

Almost four years after ASIC first took action against Mayfair 101, the investment group has resumed payments to lenders. Having first drawn ...

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‘Challenge isn’t over’: Bullock holds steady on inflation outlook in Parliament

The RBA stands ready to reduce rates even before inflation reaches the 2.5 per cent mark, but a prerequisite for such a move is a clear assurance of a ...

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ASIC wins first crypto-related case in court

The Federal Court has made one of its first decisions on the application of the financial services law to crypto-backed products. The Federal Court ...

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Overly cautious RBA could hurt the economy, economists agree

There is a risk that the RBA’s inflation expectations are too conservative and could end up hurting the economy. Deutsche Bank said in its most ...

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Inconsistencies in government comms muddle mandatory climate reporting

Australia’s funds management industry faces critical inconsistencies on its path to mandatory climate reporting, according to Zenith Investment ...

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ASIC places interim stop order on managed fund

The regulator has halted the offers of Shield Master Fund. The Australian Securities and Investments Commission (ASIC) has made interim stop orders ...

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