The Full Federal Court has handed down its judgment in the appeal by Aussiegolfa Pty Ltd, finding there was no breach of the sole purpose test. ...

The $700 million AUSTRAC fine has acted as a genuine drag on the Commonwealth Bank’s profit, which was down four per cent to $9,375 million....

The Federal Court has allowed ASIC’s application that Linchpin Capital and Endeavour Securities operated an unregistered managed investment scheme....

The Australian Prudential Regulation Authority (APRA) has told the Productivity Commission it needs more powers and that its lack of powers has inhibited its ability to b...

The Productivity Commission’s competition report shows that “more and more regulation can be harmful to consumers because it weakens competition,” the Customer Owned Bank...

The Productivity Commission has recommended that the Australian Competition and Consumer Commission take on the role of “competition champion for the financial system”....

ASIC has approved the Australian Banking Association’s new Banking Code of Practice following an independent review and stakeholder consideration....

Mike Taylor writes that if one thing has distinguished the past five years in the financial services it has been the exponential growth in regulatory and compliance costs...

Recent history has proved that creating more layers of regulation rarely represents a panacea for problematic industries, yet the financial services is being made to pay ...

The latest draft of the Government’s new legislation covering financial product design and distribution rules have confirmed the heavy obligations which will be carried b...

The Australian Securities and Investments Commission has canvassed its product intervention power being extended to identifying inappropriate remuneration structures....

The Government has established a Phoenix Hotline to combat the phoenixing activity of dishonest directors and their companies. ...

Wodonga financial planner Neil John Evans pleads guilty to vote-rigging in the director elections for WAW Credit Union Co-Operative....

The Federal Court has approved the Commonwealth Bank’s $25 million settlement with the Australian Securities and Investments Commission regarding the Bank Bill Swap Rate....