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Showing 121 - 130 of 860 results for %22Australian Competition%22

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees (AIST) chief executive Eva Scheerlinck was a little more cautious in her response ...

ACCC amends consumer data right rules

ALLY SELBY  |  FRIDAY, 2 OCT 2020
The Australian Competition and Consumer Commission (ACCC) amended the consumer data right rules to allow intermediaries to collect data on behalf of third party recipients. The changes will allow accredited businesses to obtain consumer data with their ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... 'borrower responsibility' principle and removing the ambiguity of consumer lending laws to small business lending. The Australian Banking Association chief executive Anna Bligh welcomes the changes. "Australian banks understand their role in supporting ...

APRA, ACCC sign new MoU

ALLY SELBY  |  TUESDAY, 15 SEP 2020
The Australian Prudential Regulation Authority and the Australian Competition and Consumer Commission have signed an updated memorandum of understanding in a bid to increase information sharing, coordination, and cooperation between the two regulators. ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
Following on from the Royal Commission, the Australian Law Reform Commission has been tasked with reviewing financial services laws with a view to simplify laws regulating the industry. As part of its response to the Royal Commission final report, the ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... dollars of damage. In addition, the class action alleges the companies breached three provisions of the Australian Competition and Consumer Law including giving effect to a cartel provision in a contract, arrangement or understanding, concerted practice ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... for the day to day running of the dealer group. It has also partnered with SMART Compliance, the brainchild of former Australian Securities Commission investigator Brett Walker (who also sits on the dealer group's investment committee). The group is ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... increase domestic business investment. This would transfer customers to contemporary products to lower fees, increase competition, improve product disclosure and reduce technology risk, the FSC said. It also recommended the government remove regulatory ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... government announced the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee on COVID-19 criminal activity and law enforcement that ...