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Regulation

Shipton’s emotional plea for accountability: An open letter to Chalmers

Former ASIC chair James Shipton has written an open letter to the Treasurer and Assistant Treasurer demanding they take action on addressing harmful behaviours in the workplace.

Westpac allegedly seized property from those requesting hardship 

ASIC alleged the major bank failed to process 229 hardship applications within 21 days between 2015 and 2022.

Axing screen scraping under review: Treasury 

The practice of ‘screen scraping’ is under scrutiny, following recommendations to axe it.

Treasury proposes CDR changes for non-banks

The Treasury has proposed new changes aimed at enhancing consent and transparency within the CDR framework for the non-bank sector.

ASIC to crack down on predatory lending

The corporate regulator will focus on protecting vulnerable consumers and small businesses, as part of its corporate plan.

ASIC welcomes 3 new commissioners 

The new commissioners will join the regulator from CHOICE, CBA, and the Commonwealth Treasury.

Slow uptake for mortgages: RBA digital currency pilot

The adoption of digital currency for mortgages is anticipated to progress at a ‘slower’ pace compared to other categories of financial assets, the pilot report has revealed.

Union push for RBA board not ‘controversial’: Treasurer

The federal Treasurer has addressed the criticisms aimed at union representatives being appointed to the central bank’s board.

HAFF submissions to close in a week

Submissions regarding the HAFF Bill’s second referral to the economics legislation committee will shut next week.

AMP agrees to $110m settlement in class action

AMP has reached an agreement to settle a shareholder class action, ahead of a three-week trial.

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