ASIC releases further details of deferrals and dispensations in response to COVID-19

In our recent newsletter,  we reported on the announcement by ASIC on Monday 23 March 2020 that it was recalibrating its regulatory priorities to focus on COVID-19 challenges. On Tuesday 14 April 2020 ASIC provided further det...

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ASIC announces a change in its regulatory focus during the Covid 19 emergency

The announcement by ASIC on Monday 23 March 2020 that it is recalibrating its regulatory priorities to focus on COVID-19 challenges is a welcome relief to the finance industry in these challenging times. ASIC states that it w...

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Government releases raft of draft legislation to implement further recommendations of the Banking, Superannuation & Financial Services Royal Commission

A raft of draft legislation to implement a further 22 of the recommendations of the Banking, Superannuation & Financial Services Royal Commission (Royal Commission) was announced by the Treasurer, the Hon Josh Frydenberg MP on...

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Introduction of Comprehensive Credit Reporting – it is progressing

Legislation to implement mandatory comprehensive credit reporting (MCCR) is progressing in the Senate, having already been passed by the House of Representatives. the National Consumer Credit Protection Amendment (Mandatory Cre...

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Variations to the Credit Reporting Code (CRC)

A variation to the Privacy (Credit Reporting) Code 2014 (the "CR Code") has been approved by  the Australian Information Commissioner ("OAIC")  commencing 14 February 2020. The OAIC has given a summary of the changes: Wr...

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Industry changing developments in the Banking & Finance Sector – July/August 2019

Since the beginning of the new financial year, there have been many industry changing developments in the banking sector. Implementation of the recommendations of the Royal Commission in to Banking Industry are well underway, and ...

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