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The ACCC is warning the community to be wary of scammers trying to ruin their Christmas holidays.

“Scammers often try to take advantage of people during the busy Christmas period and prey on our vulnerabilities at this time of year. For example, they may take advantage of you looking fo...

By Kwame Slusher

ASIC Media Release

The Administrative Appeals Tribunal (AAT) has affirmed ASIC's decision to ban a former financial advisor, Tony Davidof, and former Credit Suisse employee, Philip McLean from providing financial services for three years.

ASIC's decision to ban Mr Davidof and Mr McLean followed an ASIC investigation that found both had engaged ...

By Kwame Slusher

APRA Media Release

The Australian Prudential Regulation Authority (APRA) has today announced the appointment of Ms Therese McCarthy-Hockey to the newly created role of Executive General Manager, Strategy/Chief Risk Officer.


As APRA's Executive General Manager, Strategy and Chief Risk Officer, Ms McCarthy-Hockey will be responsible for APRA's Su...

By Kwame Slusher



David Jacobson from Bright Law published a list or regulations and regulatory changes to look out for in 2018.




Click here to read more. 

By Kwame Slusher

Monday 11 December 2017

 

If you grew up reading Isaac Asimov or if you have seen the film adaptions of his books I, Robot and Bicentennial Man, then you are probably aware of the three laws of robotics:
  • A robot may not injure a human being or, through inaction, allow a human being to come to harm
  • A robot must obey orders given to it by human beings, ex...

By Kwame Slusher

Monday 11 December 2017



On 6 December, the Australian Securities and Investments Commission (ASIC) held their first RegTech Liaison Forum.

Some of the main themes from the event looked at the need for global cooperation, as well as regulatory harmonisation.

The Regtech Liaison Forum was one of the proposed initiatives suggested in Report 523 ASIC’s Innovation Hub ...

By Kwame Slusher

Monday 11 December 2017

The Australian Securities and Investments Commission (ASIC) has released new guidance on Statements of Advice (SOA) for life insurance.

“SOAs are a fundamental and important tool for an adviser to communicate their advice to a client,” said Acting ASIC Chair, Peter Kell.

The securities and investments regulator has indicated the design of the S...

By Kwame Slusher

Monday 11 December 2017



The Basel Committee on Banking Supervision have finalised the Basel III bank capital framework.

According to a statement from the Australian Prudential Regulation Association (APRA):


The announcement confirms the final set of measures designed to address deficiencies in the internationally-agreed capital framework following the global fi...

By Kwame Slusher

ASIC Media Release

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of Michael James Haley after finding he has ceased to carry on a financial services business.

Mr Haley's AFS licence cancellation became effective on 1 November 2017.
ASIC may suspend or cancel an AFS lic...

By Kwame Slusher



The Australian Competition and Consumer Commission (ACCC) has officially launched an inquiry into digital platform providers like Google and Facebook.

“We will examine whether platforms are exercising market power in commercial dealings to the detriment of consumers, media content creators and advertisers.

“The ACCC will look closely at lon...

By Kwame Slusher