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Regulation

WA government axes cultural heritage laws

Under the repealed laws, property owners in Western Australia will no longer be required to assess their properties for potential impacts on Aboriginal cultural heritage.

CBA to refer financial abuse to NSW Police

The NSW trial will enable the major bank to report repeated financial abuse in transaction data to the police, according to the major bank.

Fake landlords scammed $86k from WA renters in 2023

As Western Australian renters grapple with the accommodation shortage and cost-of-living crisis, a regulator warned online scammers are coming out of the woodwork to exploit the situation.

Banks allowed to collaborate on standards: ACCC

ABA members have been granted permission to co-ordinate on developing an industry standard to prevent and detect scams.

Labor renews Housing Australia Future Fund push

After having the housing affordability package knocked back, the Prime Minister has confirmed it will be reintroduced this week.

APRA takes action against ‘unauthorised’ bank

The prudential regulator has sought an injunction against a business allegedly using the word bank without holding the appropriate licence.

UBS fined over $560m for Credit Suisse misconduct

Both the US and UK have separately fined UBS, which now owns Credit Suisse, for its subsidiary’s ‘significant failures in risk management’.

Senator slams ASIC over continued ‘obfuscation’

Liberal senator Andrew Bragg has accused ASIC of secrecy after it failed to provide evidence to the Senate economics references committee.

15 years’ jail for woman who defrauded NAB of millions

Helen Mary Rosamond has been sentenced to a total of 15 years’ imprisonment after being found guilty of defrauding NAB of millions in an enterprise “breathtaking in its audacity”.

Colonial First State Investments settles class action for $100m

Colonial First State Investments has reached an in-principle settlement regarding a superannuation class action about grandfathered commission.

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