Australia

    Securities / Derivatives

    RBNZ to Start Unloading Government Bond Holdings in July

    By Editors | 12/06/2022

    The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.

    Enforcement

    ASIC Issues Guidance on Financial Adviser Warnings, Reprimands

    By Editors | 12/06/2022

    ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.

    Enforcement

    ASIC Sues Payday Lender Over ‘Prohibited’ Fees

    By Editors | 09/06/2022

    The case involves over 670,000 contracts entered into by Sunshine Loans that included an amendment or rescheduling fee that is not permitted.

    RBA Raises Interest Rates the Most in 22 Years

    By Editors | 09/06/2022

    Australian Treasurer Jim Chalmers suggested that inflation could worsen and more rate hikes could come.

    Enforcement

    Australian Man Pleads Guilty to Pump and Dump Scheme

    By Editors | 08/06/2022

    The man, Gabriel Govinda, will be the first to be convicted in Australia over a social media pump-and-dump scheme.

    Crypto / Digital Assets

    Investment Scams On the Rise in Australia: ACCC

    By Editors | 08/06/2022

    Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

    Fintech / Regtech

    OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

    By Editors | 08/06/2022

    The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.

    Securities / Derivatives

    ASIC Announces Updated Financial Reporting Rules for AFS Licensees

    By Editors | 07/06/2022

    AFS licensees’ financial reports must contain disclosures consistent with the financial reports of other for-profit entities, prepared under AASB standards.

    Market Infrastructure

    ASX Finalises Changes to Issuer Services Fee Model

    By Editors | 06/06/2022

    The changes will take effect from 1 July and result in a “substantially simpler, clearer and more predictable” fee model, ASX says.

    RBNZ Proposes Changes to its Monetary Policy Remit

    By Editors | 05/06/2022

    The RBNZ suggests housing market objectives be excluded from the remit, just a year after it was amended to include house price considerations.

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