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ACCC Media Release

22 September 2016

The Australian Competition and Consumer Commission is assessing the review policies of sharing economy platforms as part of an international initiative targeting online reviews and endorsements.

This review is part of the International Consumer Prote...

By Kwame Slusher



ACCC Media Release 

The ACCC has released a survey to seek feedback from consumers and business as a part of its annual review of the ACCC’s Compliance and Enforcement Policy.

The ACCC’s Compliance and Enforcement policy sets out the ACCC’s priority areas for its compliance and enforcement activities and lists the primary factors th...

By Kwame Slusher



APRA Media Release

16.35

15 September 2016

The Australian Prudential Regulation Authority (APRA) has today released a consultation package on proposed revisions to its counterparty credit risk framework for authorised deposit-taking institutions (ADIs).

The Basel Committee on Banking Supervision (Basel Committee) has made ame...

By Kwame Slusher



ASIC Media Release

Thursday 15 September 2016

ASIC has released guidance on review and remediation conducted by Australian financial services (AFS) licensees providing personal advice to retail clients.

This follows Consultation Paper 247 Client review and remediation programs and update to record-keeping requirements (CP 247),...

By Kwame Slusher

Press Contacts
Naomi Burley
+61 2 9290 1788

naomi.burley@thegrcintsitute.org

Elizabeth Kent
+61 2 9290 1788

elizabeth.kent@thegrcinstitute.org
 

For Immediate Release

Media Alert: 20th Annual GRC Conference 2016

SYDNEY, Australia — September ...

By Elizabeth Kent




ASIC Media Release


ASIC will provide an update about its recent work and regulatory issues in the managed investments and superannuation sectors, with a special focus on innovation. Topics will include:

  • What innovation and digital disruption means for ASIC
  • Hot topics: Digital disclosure, RoboAdvice, crowd-sourced...

By Kwame Slusher



From the Treasury of the Asutralian Government
Overview

On 20 April 2016, the Australian Government announced a review of the financial system’s external dispute resolution and complaints framework.  An expert panel comprised of Professor Ian Ramsay, Ms Julie Abramson and Mr Alan Kirkland is undertaking the review.

The review...

By Kwame Slusher



ASIC Media Release 

Westpac Banking Corporation (Westpac) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. 

Following a customer complaint, Westpac notified ASIC that customers may have been incorrectly ...

By Kwame Slusher

The Federal Government’s financial intelligence agency, AUSTRAC, is part of a co-ordinated national response to the Panama Papers, being undertaken by Australian Government agencies dealing with financial crime.

AUSTRAC is working with k...

By Kwame Slusher



ACCC Media Release


7 September 2016

The Australian Competition and Consumer Commission has today released updated guidelines on its use of mandatory information gathering powers under the Competition and Consumer Act 2010(the CCA). This includes a basic guide for individuals and small businesses....

By Kwame Slusher