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Showing 341 - 350 of 1562 results for "Competition"

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... quarter or one bad year," Hume said. She said MySuper fees have increased since the products were launched, despite competition in the market growing so much. This was concerning to the government, Hume suggested, as the Productivity Commission had found ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... specificity in the Budget papers, it is unclear how the changes will work in practice or what the implications will be for competition, efficiency and incumbents in the sector." Industry Super Australia (ISA) expressed concern the government's "stapling" ...

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
... businesses. In addition, the simplified access to credit will reduce red tape for consumers seeking credit, improve competition and provide easier access for small businesses to obtain credit. Treasurer Josh Frydenberg said the responsible lending framework ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... did not adequately cover all aspects across the lifecycle of the DCM transaction. It also found there to be strong competition between licensees for DCM transactions, often proactively marketing to issuers to receive mandates. As part of ASIC's better ...

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
... government has directed the ALRC to undertake the review with the findings of the Royal Commission, Australian Government Competition Policy Review, Financial System Inquiry, Treasury's 2017 ASIC Enforcement Review Taskforce and the Productivity Commission's ...

Facebook, Google face crypto class action

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... from 2018 to now. The law firm said the advertising ban was an anti-trust violation which breached Australia's competition and consumer protection law and caused billions of dollars of damage. In addition, the class action alleges the companies breached ...

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
... haven't launched "the unicorn" of dealer groups, they argue they are already leaps and bounds ahead of most of the competition. "Part of that reason is that they are just legacy businesses using legacy systems, whereas we have kicked off on July 1 with ...