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Showing 141 - 150 of 244 results for "Scott Morrison"

BEAR has 'teeth': Treasurer

KARREN VERGARA  |  MONDAY, 30 OCT 2017
... under the Banking Executive Accountability Regime will face much tougher penalties and consequences, Treasurer Scott Morrison warns. Morrison told the Financial Services Council and BT Political series breakfast this morning that the BEAR goes beyond ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... in an effort to allow fintechs to test financial services and products without the burden of an AFSL. Treasurer Scott Morrison said the proposed legislative package supports the fintech industry which has propelled Australia to become the second largest ...

BEAR should apply to insurance bosses: Spot poll

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... House of Representatives. Introducing the legislation would "enact landmark financial services reform", Treasurer Scott Morrison said, adding it would impose tough new rules and greater accountability to bank executives. It would also mean executives ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
... Bill 2017 to the Banking Act will bring tough new rules and greater accountability to bank executives, Treasurer Scott Morrison said. "Under the BEAR, banks and their senior executives and directors will be expected to conduct their business with honesty ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... and its senior executives and directors "accountable for meeting heightened standards of behaviour," Treasurer Scott Morrison said in releasing the BEAR draft bill. Morrison flagged stricter accountability obligations for banking and authorised deposit ...

Retail investors given equity crowdfunding boost

ALEX BURKE  |  THURSDAY, 14 SEP 2017
... innovative, early-stage businesses that may have difficulty accessing funding from traditional sources," Treasurer Scott Morrison said. "As part of this Bill, proprietary companies wanting to access equity crowdfunding will no longer have to convert ...

Treasurer backs APRA's CBA probe

KARREN VERGARA  |  THURSDAY, 31 AUG 2017
... into the Commonwealth Bank could be available in six months' time with appropriate action being taken, Treasurer Scott Morrison told this morning's Bloomberg Address. Morrison said he supported and is pleased with APRA's decision to conduct an independent ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
... we know that our mistakes have hurt our reputation," outgoing chief executive Ian Narven added. Federal treasure Scott Morrison has thrown his support behind APRA saying the CBA board failed to meet customer and investor expectations. "Australia's banks ...

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... contributions from 1 July 2017, with withdrawals allowed from 1 July 2018. A statement released by Federal Treasurer Scott Morrison last month said the Government was "launching the next phase of its comprehensive housing affordability package" by releasing ...

Government paves the way for open banking

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
... banking data under a proposed open banking system regime. The regime, announced for review by Federal Treasurer Scott Morrison yesterday, will seek to open up consumer and third party access - with consumer consent - to customer and product data traditionally ...