Australia

Fintech / Regtech

Australia Proposes to Mandate Cash Acceptance for Essential Items

By Editors | 22/12/2024

Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.

New Zealand Proposes Caps on Visa and Mastercard Interchange Fees

By Editors | 21/12/2024

The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.

Market Infrastructure

Australia Launches Tool to Enhance Visibility of Regulatory Change

By Editors | 20/12/2024

Treasurer Jim Chalmers said the Regulatory Initiatives Grid will help improve the sequencing and implementation of reforms

ESG / Sustainability

ACCC Issues Final Guidance on Sustainability Collaborations

By Sanday Chongo Kabange | 19/12/2024

The guide informs businesses and other entities about the interaction between Australian competition law and sustainability collaborations.

Market Infrastructure

ANZ Expands Cross-border Payments Service to More Banks

By Sanday Chongo Kabange | 19/12/2024

The service will allow more than 400 international banks to route inbound cross-border payments through Australia’s NPP.

Market Infrastructure

New Zealand Proposes Measures to Boost Capital Market

By Manesh Samtani | 19/12/2024

The measures will make it easier for KiwiSaver funds to invest in unlisted assets, and improve the attractiveness and ease of listing on NZX.

Securities / Derivatives

APRA Identifies Valuation Governance Weaknesses at Super Funds

By Sanday Chongo Kabange | 18/12/2024

APRA said superannuation trustees need to further enhance their valuation and liquidity risk management practices.

Enforcement

New Zealand FMA Censures Pathfinder for Misleading Representations

By Sanday Chongo Kabange | 18/12/2024

The FMA said Pathfinder Asset Management should have included information in social media ads about exceptions permitted by its ethical investment policy

Enforcement

Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal

By Sanday Chongo Kabange | 18/12/2024

Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.