Regulatory Updates
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28 Sep 2023 T-REX Article
ASIC remakes Class Orders on financial resource requirements
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28 Sep 2023 T-REX Article
ASIC extends DDO instrument
New ASIC Corporations (Amendment) Instrument 2023/706 extends the operation of Corporations (Design and Distribution Obligations Interim Measures) Instrument 2021/784 until …
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28 Sep 2023 T-REX Article
ASIC initiates proceedings against Bit Trade Pty Ltd
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28 Sep 2023 T-REX Article
ASIC sues PayPal Australia for alleged breach of unfair contract terms regime
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28 Sep 2023 T-REX Article
Government stops Modernising Business Registers Program
The Government has announced that it is stopping the Modernising Business Registers Program. The Government made its decision in response …
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28 Sep 2023 T-REX Article
Privacy update: OAIC releases notifiable data breaches report
The OAIC has released its latest notifiable data breaches report: Notifiable Data Breaches Report: January to June 2023. The …
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28 Sep 2023 T-REX Article
The ACSC releases new cyber security guidance
The Australian Cyber Security Centre (ACSC) has released a new publication: How the ACSC can help during a cyber security …
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28 Sep 2023 T-REX Article
ASIC Chair emphasises third-party provider cyber risk
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28 Sep 2023 T-REX Article
Senate Committee Report rejects digital assets Bill
The Senate Economics Legislation Committee has released its Report on the Digital Assets (Market Regulation) Bill 2023. The Bill …
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28 Sep 2023 T-REX Article
AFCA releases and update
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28 Sep 2023 T-REX Article
The future is now!
The Treasury Laws Amendment (Modernising Business Communications and Other Measures) Bill 2023) has become law, and is designed to modernise …
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07 Sep 2023 Alert
ASIC releases DDO report for retail OTC derivatives
ASIC has today released Report 770: Design and distribution obligations: Retail OTC derivatives. The report sets out ASIC’s findings …
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06 Sep 2023 Alert
FAR Bills pass
The Financial Accountability Regime Bill 2023 and the Financial Accountability Regime (Consequential Amendments) Bill 2023 finally passed both Houses of …
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31 Aug 2023 T-REX Article
Am I conflicted? Managing conflicts of interest as a licensee (T-REX Bites Feature Article)
In a recent survey conducted by Holley Nethercote, 50% of Australian financial services licensees said they don’t have any conflicts …
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31 Aug 2023 T-REX Article
FATF release updated report on virtual assets
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31 Aug 2023 T-REX Article
FATF provides updates on jurisdiction risks
FATF has published the following updates relating to jurisdictions which may pose a risk to the international financial system:
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31 Aug 2023 T-REX Article
In brief
Director pleads guilty to dishonest conduct in relation to a financial product or service
The director of two unlicensed companies, …
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31 Aug 2023 T-REX Article
Consultation
Financial Accountability Regime – Proposed Regulator rules and Transitional rules. APRA and ASIC have released a joint consultation on …
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31 Aug 2023 T-REX Article
Consultation takes place for amendments to Chapter 10 of the AML/CTF Rules
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31 Aug 2023 T-REX Article
ASIC bans mortgage broker, cancels ACL over false declarations and other concerns
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31 Aug 2023 T-REX Article
ASIC takes action on debt management practices
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31 Aug 2023 T-REX Article
ASIC imposes conditions on AFS licensee
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31 Aug 2023 T-REX Article
DDO: ASIC sues online trading platform eToro for DDO breaches
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31 Aug 2023 T-REX Article
ASIC extends transitional relief for foreign financial services providers
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31 Aug 2023 T-REX Article
Updates and remakes: ASIC releases updated regulatory developments timetable
ASIC has updated its regulatory developments timetable for the time period July to September 2023. Set out below is a …
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31 Aug 2023 T-REX Article
Financial advisers’ professional standard obligations: quick reference guide
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31 Aug 2023 T-REX Article
ASIC cancels licence and permanently bans director from providing financial services
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31 Aug 2023 T-REX Article
ASIC seeks industry feedback on extending DDO relief for non-cash payment facilities
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31 Aug 2023 T-REX Article
ASIC loses appeal against CBA and Colonial conflicted remuneration decision
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31 Aug 2023 T-REX Article
ASIC takes IAG to Court over alleged misleading conduct
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31 Aug 2023 T-REX Article
ASIC’s review of home insurance claims shows insurers need to improve
ASIC has released Report 768 Navigating the storm: ASIC’s review of home insurance claims. ASIC examined all home insurance …
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31 Aug 2023 T-REX Article
AFCA releases and updates
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31 Aug 2023 T-REX Article
ASIC’s latest action in greenwashing crackdown: Active Super
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31 Aug 2023 T-REX Article
ASIC’s enforcement outcomes result in $109.1 million in penalties
ASIC has released Report 767: the ASIC enforcement and regulatory update: April to June 2023 (the Update) which documents its …
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31 Aug 2023 T-REX Article
ASIC updates multiple Info Sheets and Regulatory Guides
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31 Aug 2023 T-REX Article
ASIC sues Dixon Advisory & Superannuation Services Pty Limited director
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31 Aug 2023 T-REX Article
Data breaches the number one privacy concern for Australians
There has been a marked increase in the number of Australians who perceive data breaches as the biggest privacy risk …
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31 Aug 2023 T-REX Article
Dust off your breach register – ASIC Corporate Plan
ASIC has released its Corporate Plan for the period of 2023–24 to 2026–27. In its media release, ASIC summarised its …
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31 Jul 2023 T-REX Article
New penalties for unfair contract terms call for an immediate review of your standard form contracts (T-REX Bites Feature Article)
On 9 November 2023, a substantial expansion of the unfair contract terms laws (the UCT laws) in the Australian …
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31 Jul 2023 T-REX Article
Consultation
ASIC Consultation Paper 370 Proposed remake of the ASIC Derivative Trade Repository Rules 2013. This ASIC Consultation Paper sets …
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31 Jul 2023 T-REX Article
In brief
New licensing portal on its way
ASIC’s Regulatory developments timetable reflects that ASIC still expects to have a new licensing …
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31 Jul 2023 T-REX Article
AML/CTF Rules amended
Amendments have been made to Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) by the Anti-Money Laundering and …
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31 Jul 2023 T-REX Article
AUSTRAC releases new e-learning modules
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31 Jul 2023 T-REX Article
New national risk assessments in development
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31 Jul 2023 T-REX Article
AUSTRAC assists NSW Police uncover darknet market vendor
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31 Jul 2023 T-REX Article
Federal Court makes ruling on Crown
Crown Melbourne and Crown Perth have been ordered by the Federal Court of Australia to pay a $450 million penalty …
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31 Jul 2023 T-REX Article
AUSTRAC finalises external audit of Bell Financial Group
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31 Jul 2023 T-REX Article
AUSTRAC gives update on Reporting Entity System Transformation
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31 Jul 2023 T-REX Article
ASIC succeeds in latest proceedings against BHF Solutions and Cigno
In a decision in a long Court saga, the Federal Court in the case Australian Securities and Investments Commission v …
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31 Jul 2023 T-REX Article
OFA and other fee arrangement consent – minor changes
ASIC Corporations and Superannuation (Amendment) Instrument 2023/512 has been registered. It modifies the operation of ASIC Corporations (Consent to Deductions—Ongoing …
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