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Regulatory

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
Treasury has opened a consultation around the Crypto Asset Reporting Framework and the potential to add it into Australian tax law.

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
ASIC commissioner Simone Constant told the ASFA conference that it will be watching super funds' investments in the private market closely.

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
ASIC has warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures."

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
ASIC alleges National Australia Bank failed hundreds of customers when they applied for hardship support from the bank.

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
Speaking at the ASIC Annual Forum, commissioner Simone Constant reinforced that while historically super has posed little risk to financial stability, as the sector grows so too do the risks.

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
The ASX has filed its defence against proceedings lodged by ASIC in the Federal Court over updates it made about the progress of the CHESS replacement project.

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
ASIC warned it will turn up the heat on superannuation funds by adding new enforcement priorities and flagging that it will hold directors on trustee boards to the same standards as those in big companies.

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
AFCA has completed its latest update of the Datacube, which makes data on complaints publicly accessible to consumers and financial firms.

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
Cbus has acknowledged the proceedings and apologised to its affected members.

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
Speaking at an industry event, Therese McCarthy Hockey outlined the regulator's main priorities in 2025.