Additional Commitments

ASIC Banning PowersASIC’s power to ban people in the financial sector (ASIC Enforcement Review) ASIC Licensing PowersASIC’s licensing powers (ASIC Enforcement Review) ASIC Search Warrant PowersASIC’s search warrants powers (ASIC Enforcement Review ASIC Telecoms Interceptions PowersASIC’s telecommunications interceptions powers (ASIC Read More …

End 2019

ASIC Banning PowersAdditional CommitmentASIC’s power to ban people in the financial sector (ASIC Enforcement Review) ASIC Licensing PowersAdditional CommitmentASIC’s licensing powers (ASIC Enforcement Review) ASIC Search Warrant PowersAdditional CommitmentASIC’s search warrants powers (ASIC Enforcement Review ASIC Telecoms Interceptions PowersAdditional CommitmentASIC’s Read More …

Appendix C: Industry Implementation

Recommendation Relevant stakeholders Timing Recommendation 1.8 – Amending the Banking Code Australian Banking Association (ABA), individual banks The ABA has announced the amended Banking Code, incorporating recommendations 1.8 and 1.13, will be implemented by March 2020. The Government welcomes the Read More …

Measures to strengthen financial regulators

Additional Commitment – ASIC’s search warrants powers (ASIC Enforcement Review) Additional Commitment – ASIC’s telecommunications interceptions powers (ASIC Enforcement Review) Additional Commitment – ASIC’s licensing powers (ASIC Enforcement Review) Additional Commitment – ASIC’s power to ban people in the financial Read More …

Ensuring Strong Regulators

Ensuring strong and effective financial system regulators It is critical that our regulators have the resources and powers they need to strengthen and intensify their approach to enforcement and supervision, and take on expanded responsibilities to address and deter misconduct Read More …

Ensuring strong and effective financial system regulators

For Australians to have trust in the financial system, the regulatory framework must be enforced by effective regulators. The Government has taken significant action to increase the capabilities, powers and funding of the financial regulators, and to refresh their leadership. Read More …