15 May 2020
AFCA amends rules to reflect COVID-19 related small business relief measures
15 May 2020
$160 million remediation for consumers sold junk consumer credit insurance
12 May 2020
VIC temporary regulations allow for electronic signing of deeds and remote witnessing of documents
12 May 2020
FIRB regulations made to implement $0 threshold for FIRB approval in response to COVID-19
12 May 2020
APRA publishes frequently asked questions on loan repayment deferrals and residential mortgage lending
08 May 2020
Federal Government to delay implementation of Royal Commission findings by six months
08 May 2020
Mortgage broker reforms and design and distribution obligations delayed for six months
08 May 2020
ACCC provides update on "Open Banking", including an overview of the Conformance Test Suite and Compliance and Enforcement policy
07 May 2020
AFCA activates significant event response plan in response to ME Bank change to redraw facility
06 May 2020
Federal Treasurer makes new Legislative Instrument temporarily amending Corporations Act requirements due to impact of COVID-19
06 May 2020
NSW Supreme Court considers impact of COVID-19 emergency measures on mortgage enforcement and repossessions (Catalyst Provisional Lending Pty Limited v Dick-Telfar) [2020] NSWSC 324
06 May 2020
ASIC warns retail investors at risk in COVID-19 period
06 May 2020
APLMA update — updated Australian documentation and new green and sustainable loan principles guidance documents
01 May 2020
ASIC temporarily relaxes hawking and product disclosure requirements for debit cards
29 Apr 2020
ASIC warns retail lenders regarding consumers experiencing financial hardship due to COVID-19
24 Apr 2020
APRA to launch new data collection to support SME guarantee scheme
24 Apr 2020
APRA to launch new data collection to assess temporary early release of superannuation scheme
24 Apr 2020
ASX provides Compliance Update that includes changes to temporary emergency capital raising relief measures
24 Apr 2020
ACCC provides update on "Open Banking", including temporary exemptions and further consultation on Consumer Data Right Rules
24 Apr 2020
Deferral of Global Initial Margin requirements for Non-Centrally Cleared Swaps — Impact of COVID-19 on Initial Margin Phase-In
23 Apr 2020
NSW temporary regulations allow for remote witnessing of documents
22 Apr 2020
QLD emergency legislation provides broad powers to amend laws relating to documents
17 Apr 2020
ASIC updates guidance on internal market making in publicly traded managed funds
17 Apr 2020
Federal Court upholds ASIC’s product intervention powers in relation to short-term credit (Cigno Pty Ltd v Australian Securities and Investments Commission [2020] FCA 479)
16 Apr 2020
AFCA gives more time to resolve complaints due to COVID-19
15 Apr 2020
JobKeeper legislation includes temporary powers to amend Commonwealth legislation relating to executing and witnessing documents
15 Apr 2020
ASIC gives temporary relief for urgent advice and early access to superannuation
14 Apr 2020
ASIC announces changes to regulatory activities due to COVID-19
14 Apr 2020
ASIC announces extended deadline for financial reporting by unlisted entities due to COVID-19
14 Apr 2020
ASIC reminds responsible entities of their obligations in COVID-19 environment
09 Apr 2020
Regulators provide feedback on financial institutions' preparedness for LIBOR transition
08 Apr 2020
APRA issues guidance to ADIs and insurers on capital management
08 Apr 2020
APRA temporarily suspends the issuing of new licences due to impact of COVID-19
03 Apr 2020
New regulations provide exemption from responsible lending obligations for Australian Credit Licensees in some circumstances
02 Apr 2020
ASIC offers fee relief for entities in financial difficulty due to COVID-19
02 Apr 2020
ASIC gives temporary relief to listed companies for low doc capital raisings as part of COVID-19 response
01 Apr 2020
Federal Court finds directors of Storm Financial breached their duties of due care and diligence (Cassimatis v Australian Securities and Investments Commission
31 Mar 2020
Threshold to FIRB approval of foreign investments dropped to $0 to address economic impact of COVID-19
30 Mar 2020
APRA defers implementation of capital reforms
30 Mar 2020
APRA confirms its regulatory approach to the Term Funding Facility announced by the Reserve Bank of Australia
27 Mar 2020
AFCA to modify its approach to dispute resolution in light of Australia’s COVID-19 response
27 Mar 2020
AUSTRAC extends deadline for submitting Compliance Report 2019
27 Mar 2020
Margin Requirements for Non-Centrally Cleared Swaps Margin — Impact of COVID-19 on Initial Margin Phase-In
25 Mar 2020
Bank of England and FCA confirm no change to target date for LIBOR cessation
24 Mar 2020
ACCC provides update on CDR ecosystem testing and s 56GD exemption guidelines
24 Mar 2020
Corporations Act amended to include temporary relief measures for companies under Federal Government’s COVID-19 economic stimulus package
24 Mar 2020
Treasury announces SME Guarantee Scheme in response to COVID-19
24 Mar 2020
ASIC and APRA readjust 2020 activities to prioritise responding to COVID-19 challenges
20 Mar 2020
ASX releases statement on COVID-19
20 Mar 2020
RBA announces sweeping measures to support Australian economy through COVID-19 crisis
19 Mar 2020
Industry responds to COVID-19 — APRA update
19 Mar 2020
ASIC commences proceedings against CBA over alleged breaches of the ASIC Act and Corporations Act
19 Mar 2020
Treasury consults on Future Directions for the Consumer Data Right: Issues Paper
16 Mar 2020
Industry responds to COVID-19
13 Mar 2020
ASIC releases new regulatory framework for foreign financial services providers
13 Mar 2020
APRA updates prudential standards on credit risk management
11 Mar 2020
High Court provides guidance on definition of “officer” under s 9 of the Corporations Act (Australian Securities and Investments Commission v King [2020] HCA 4)
10 Mar 2020
ASIC consults on proposed legislative instruments regarding fee consents and independence disclosure
04 Mar 2020
Treasury Laws Amendment (2018 Measures No. 2) Bill 2019 (Cth) implements enhanced fintech regulatory sandbox
03 Mar 2020
Federal Court finds OTC derivative issuer AGM Markets engaged in unconscionable conduct (Australian Securities and Investments Commission v AGM Markets Pty Ltd (in liquidation) (No 3) [2020] FCA 208)
03 Mar 2020
ASIC releases information sheet on document production guidelines
02 Mar 2020
2020 Banking Code of Practice has commenced
25 Feb 2020
APRA outlines plans for climate risk prudential guidance and vulnerability assessment
21 Feb 2020
Treasury consults on Mandatory Comprehensive Credit Reporting Regulations
21 Feb 2020
ASIC consults on draft guidance on the new best interests duty for mortgage brokers
20 Feb 2020
LMA publishes note on outstanding requirements for compounded RFR facility agreement
18 Feb 2020
AMP fined $5.75M for failure to comply with best interests duty and associated obligations (Australian Securities & Investments Commission v AMP Financial Planning Pty Ltd [2020] FCA 69)
18 Feb 2020
Further legislation enacting Hayne Royal Commission recommendations passed by Parliament
17 Feb 2020
APLMA publishes key features of standardisation of project finance loan documentation
11 Feb 2020
ACCC proposed amended CDR timeline for non-major ADIs
11 Feb 2020
ASIC successful in binary options case (Australian Securities and Investments Commission v One Tech Media Ltd [2020] FCA 46)
07 Feb 2020
ACCC formally makes the Competition and Consumer (Consumer Data Right) Rules
07 Feb 2020
Treasury consults on changes to enforceability of financial services codes
06 Feb 2020
Treasury consults on strengthening of breach reporting in financial services
31 Jan 2020
APRA publishes new policy and supervision priorities
28 Jan 2020
Bank of England and FCA outline 2020 priorities for LIBOR transition
22 Jan 2020
Treasury consults on Financial Accountability Regime (FAR) to replace BEAR
14 Jan 2020
ACCC consults on participation of third party service providers in the Consumer Data Right (CDR) regime
07 Jan 2020
Westpac ordered to pay $9.15 million penalty for breaches of the Corporations Act (Australian Securities and Investments Commission v Westpac Banking Corporation [2019] FCA 2147)
07 Jan 2020
ASIC consults on guidance for design and distribution obligations
07 Jan 2020
ACCC updates timeline for implementation and launch of Consumer Data Right
20 Dec 2019
ASIC commences proceedings against Volkswagen Financial Services Australia for breaching responsible lending laws
20 Dec 2019
ASIC commences proceedings against NAB for fees for no service and fee disclosure statement failures
17 Dec 2019
APRA commences investigation into Westpac’s possible breaches of the Banking Act 1959 (Cth)
17 Dec 2019
ASIC approves updates to Banking Code of Practice
13 Dec 2019
APRA updates timing for proposed product responsibility requirements under the Banking Executive Accountability Regime
11 Dec 2019
New FASEA Code of Ethics Standard commences 1 January 2020
11 Dec 2019
National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Bill 2019 introduced to Parliament
09 Dec 2019
ASIC updates responsible lending guidance
09 Dec 2019
ASIC to ban unsolicited cold call sales of direct life insurance and CCI
09 Dec 2019
APRA proposes to treat data collected for ADI publications as non-confidential
05 Dec 2019
APRA sets out new approach to regulating and supervising GCRA risks
05 Dec 2019
ALRC releases discussion paper on corporate criminal responsibility
05 Dec 2019
High Court decision causes litigation funders to revisit viability of class actions: BMW Australia Ltd v Brewster; Westpac Banking Corporation v Lenthall [2019] HCA 45
02 Dec 2019
ASIC and APRA release updated MoU
20 Nov 2019
AUSTRAC applies for civil penalty orders against Westpac for breaches of AML/CTF legislation
14 Nov 2019
ASIC wins appeal against Westpac companies in telephone campaigns case (Australian Securities and Investment Commission v Westpac Securities Administration Limited [2019] FCAFC 187)
14 Nov 2019
ASIC provides guidance on whistleblower reforms
12 Nov 2019
AFCA's new online tool allows consumers to see how financial institutions are handling complaints
04 Nov 2019
Banking Royal Commission: ASIC commences proceedings against subject of “Bad Advice” case study
