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Regulation

‘Not surprised’: ASIC review reveals hefty fees for First Nations

An Indigenous wealth advocacy foundation calls for improved financial literacy support from banks in First Nations communities.

BNK fined for reporting failures

The prudential regulator has slammed BNK with a $250,000 fine for failing to report data.

APRA bids farewell to deputy chair

Deputy chair Helen Rowell has recently announced her departure from her position at APRA after serving 10 years.

Inflation falls, but is it enough to hold rates? Economists ask

While economists had agreed the central bank would lift the cash rate in July, the latest inflation figures have some questioning.

New rules for bank branch closures set: ABA 

Australia’s banking authority will soon introduce a new protocol to ensure banks communicate better when branches close.

ASIC to observe AI use in lending

The regulator confirmed it will continue to look into how AI is being applied in regard to lending.

Foreign buyers to get a leg-up with new ATO process

From the end of June, the Tax Office is digitising its interactions with foreign investors and their representatives.

Director banned from providing financial services: ASIC

The regulator has banned the director of Foxi Capital AU Pty Ltd, Shaun Fox, from providing financial services for eight years.

CDR access should include loan processors: AMP Advice

The trusted adviser model in open banking should be expanded to enable loan processors and practice managers to receive data, AMP Advice’s Phil Quin-Conroy has said.

CFR supports APRA’s 3% buffer

The CFR has maintained that APRA’s serviceability buffer of 3 per cent remains appropriate in the current economic climate.

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