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Regulatory

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework.

ASIC puts SMSF auditors on notice

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
The Australian Securities and Investments Commission imposed tougher registration conditions for two SMSF auditors following a slew of misconduct.

End of Super Complaints Tribunal nears

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
The Superannuation Complaints Tribunal (SCT) will cease to exist at the end of this year, with the Australian Financial Complaints Tribunal (AFCA) seeking to handle any remaining complaints currently with the SCT.

CSIRO contractor in crypto scam

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
A CSIRO contractor has been sentenced over fraudulent behaviour after he used the organisation's servers and supercomputers to carry out cryptocurrency mining.

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
The Supreme Court of Victoria has made a winding up order for Mayfair 101's IPO Wealth fund.

CalPERS scrutinises CIO personal investments

KARREN VERGARA  |  THURSDAY, 17 SEP 2020
The California Public Employees' Retirement System wants to impose tighter rules that will scrutinise and ultimately dispose the investments chief's personal holdings should conflicts of interest arise.

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws.

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.

ASIC takes Linchpin, Endeavour directors to court

ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
ASIC has commenced civil proceedings against current and former directors of Linchpin and Endeavour for alleged breaches of duties.

Former analyst gets three year sentence

KANIKA SOOD  |  MONDAY, 14 SEP 2020
A former investment analyst from Maple-Brown Abbott was sentenced to three years' imprisonment, after pleading guilty to insider trading in Big Un shares.