The Government has introduced into Parliament the Treasury Laws Amendment (Financial Markets Infrastructure and Other Measures) Bill 2024 which includes requirements for entities that lodge financial reports under the Corporations Act, and that meet minimum size thresholds, to make climate-related
The Government has introduced the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024 has been introduced into the House of Representatives. Schedule 1 of the Bill includes amendments to the Corporations Act and the Superannuation Industry
In Australian Securities and Investments Commission v Vanguard Investments Australia Ltd [2024] FCA 308 the Federal Court of Australia found Vanguard Investments Australia contravened section 12DF(1) of the ASIC Act when it made false or misleading representations about the ESG
The ACCC has announced that HSBC Bank Australia Limited (HSBC) has paid penalties totalling $33,000 after the ACCC issued it with two infringement notices for alleged contraventions of the Consumer Data Right (CDR) rules.
The infringement notices related to alleged
The Government has introduced into Parliament the Treasury Laws Amendment (Financial Markets Infrastructure and Other Measures) Bill 2024 which is designed to strengthen Australia’s financial market infrastructure.
If passed the Bill will: • introduce a crisis management and resolution regime;•
The Parliamentary Joint Committee on Corporations and Financial Services has commenced an inquiry into the wholesale investor test for offers of securities (Section 708 of Chapter 6D of the Corporations Act 2001) and the wholesale client test for financial products
Although the Commonwealth Treasurer has announced that the Government will introduce a “financial sector regulatory initiatives grid” to help financial services businesses plan for change by giving them visibility of regulations that might impact their businesses, there is
The Cyber and Infrastructure Security Centre has published the Organisational Resilience HealthCheck Tool which is a free self-assessment tool to help organisations evaluate their resilience capabilities.
The HealthCheck Tool assesses and rates an organisation across 13 resilience indicators.
The Cyber
Following finalisation of the FAR Minister Rules and Regulator Rules for ADI’s, APRA and ASIC have published Regulatory Guide 279 Financial Accountability Regime: Information for accountable entities to help banks, insurers and superannuation trustees prepare for the commencement of
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR) for their sectors on 15 March 2025.