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Regulatory

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
The regulator increased the capital add-on applied to ANZ from $750 million to $1 billion, flagging ongoing weaknesses in the bank's risk culture.

ASIC tiptoes around private markets intervention

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
ASIC chair Joe Longo is keeping all options open before the corporate watchdog is forced to intervene in the private markets, he told the Australian Council of Superannuation Investors (ACSI) this morning.

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling.

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
A Queensland financial adviser has been banned by ASIC for failing to act in the best interests of his clients and failing to prioritise their interests.

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
The Reserve Bank and regulator have written an open letter saying they are "increasingly concerned and deeply disappointed" over the management of operational risk at the ASX.

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
The total cost to keep APRA's enforcement activity going is set to be $243 million in the 2026 financial year, with the superannuation industry taking up about 30% of this amount.

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
The House of Representatives' final report into ASIC called on the regulator to 'take whatever steps are necessary' to resolve the ASX's CHESS replacement debacle.

ASIC recommends standards for virtual AGMs

ELIZA BAVIN  |  THURSDAY, 27 MAR 2025
The regulator has made a recommendation to the government that it, along with the ASX, consider publishing recommended standards for listed companies to hold virtual AGMs.

Government looks to bolster TPB, tax compliance

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
The government plans to strengthen the sanctions available to the Tax Practitioners Board (TPB) to protect consumers against misconduct.

Government plans to develop 'fit for purpose' digital asset regime

ANDREW MCKEAN  |  MONDAY, 24 MAR 2025
Treasurer Jim Chalmers and special envoy for cyber security and digital resilience Andrew Charlton have announced plans to develop a digital asset regime, aimed at providing clarity and certainty to the sector.