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Regulatory

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
The Australia Taxation Office has hit back at claims by the Senate economics committee that its "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance.

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
The Australian Tax Office's "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance, a Senate committee report found.

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
A Melbourne man has pleaded guilty in the Magistrates Court to one count of operating a financial services business without a licence.

Poor compliance sees AFSL suspended

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2017
Failure to fulfill key compliance and reporting obligations has resulted in the suspension of an AFSL by ASIC.

Treasurer opens the way for increased infrastructure spending

EMMA RAPAPORT  |  FRIDAY, 28 APR 2017
Federal treasurer Scott Morrison is laying the groundwork for a boost in national infrastructure investment after unveiling changes to the way government debt is reported.

Unclaimed money hits $1.1bn: ASIC

KARREN VERGARA  |  WEDNESDAY, 26 APR 2017
Some $1.1 billion of unclaimed money is lying in dormant bank accounts, life insurance and shares, according to ASIC.

Bankers told to spread positive message

DARREN SNYDER  |  MONDAY, 24 APR 2017
Twelve months in to its public commitment to place more focus on protecting consumer interests, the banking industry still needs to persuade the community that change is being made.

ASIC signs fintech agreement with Indonesia

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
ASIC and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a co-operation agreement to promote innovation in financial services in the regulators' respective markets.

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
Senate Economics References Committee chairman Chris Ketter has justified Labor's calls for a Royal Commission into the banking and financial services sector, citing a flood of angry consumer complaints.

ASIC bans company director

JAMIE WILLIAMSON  |  FRIDAY, 21 APR 2017
A former director of a Melbourne-based investment banking securities dealer and asset management firm was banned from providing financial services by ASIC.