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Frydenberg focusses on jobs, jobs, jobs
ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year.
ANZ fined $10m
ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
ANZ will pay $10 million in penalties for unconscionable conduct after the Federal Court found it breached its obligations as a financial services licensee.
Fintechs receive JobMaker funding boost
KARREN VERGARA  |  FRIDAY, 2 OCT 2020
Fintechs and regtechs are among the beneficiaries of the Federal Government's $800 million package aiming to help businesses boost their digital capabilities as part of the JobMaker scheme.
Adviser charged with stealing super
ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
A West Australian financial adviser who has worked across some of Australia's largest licensees could face 15 years in jail after being charged with four counts of dishonest conduct in relation to hardship superannuation requests.
RBA, ASIC provide CHESS guidance
ALLY SELBY  |  FRIDAY, 2 OCT 2020
ASIC and the Reserve Bank of Australia have outlined their expectations for the replacement of ASX's clearing and settlement system CHESS, as it shifts towards more contemporary and flexible software.
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.
BABL named, shamed over Great Southern
ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Bendigo and Adelaide Bank Limited (BABL) has been singled out as breaching the Code of Banking Practice within its Great Southern Loans business unit.
Manipulative trading at J.P. Morgan costs it over $1bn
ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission.
Responsible lending laws to be revoked
ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
The government has announced a raft of reforms to reduce barriers to Australia's credit framework as a means to boost the economy.
ASIC, IOSCO report on debt capital raisings
ALLY SELBY  |  THURSDAY, 24 SEP 2020
The corporate watchdog has released a report into its findings on debt capital raisings following two years of surveillance of market practices.
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