FSC moves to protect retail super from ALP 'tinkering'
HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
The Financial Services Council has gone in to bat for retail superannuation fund members over Labor's proposed changes to franking credits.
Labor responds to Royal Commission, sheds light on victims of misconduct
HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
The Labor Party submitted a response to Commissioner Kenneth Hayne's interim report, documenting feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements.
Westpac cops BBSW fine
HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year.
ASIC moves to make licensees FASEA compliant
JAMIE WILLIAMSON  |  FRIDAY, 9 NOV 2018
ASIC has opened consultation on a regulatory update that would see FASEA's minimum education requirements imposed on the responsible manager of a licensee.
APRA beefs up cybersecurity standards
HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
The resilience of APRA-regulated entities to cyberattacks is set to increase, after the release of the regulator's new information security standard.
Macquarie to front Royal Commission
JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
Macquarie Group will front the financial services Royal Commission for the first time when the inquiry reconvenes for its final round of public hearings.
Melbourne AFSL pays $9 million in fines
KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm.
Frydenberg boosts APRA funding
HARRISON WORLEY  |  MONDAY, 5 NOV 2018
The Federal Government has moved to strengthen supervision of the financial services industry, boosting APRA's funding and reappointing chair Wayne Byers for five years.
One-stop complaints shop opens
DARREN SNYDER  |  THURSDAY, 1 NOV 2018
Australia's newly-established financial services dispute resolution system expects to play an important role in the wake of the Royal Commission into the sector's misconduct.
More SMSF auditors disqualified
DARREN SNYDER  |  TUESDAY, 30 OCT 2018
On top of reporting statistics about its SMSF auditor action this week, ASIC has disqualified a further two auditors.
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