The Federal Government has proposed radically increased financial penalties and new powers for the Office of the Australian Information Commissioner in the wake of increased scrutiny of social media platforms and a growing consensus that Australias privacy legislation has fallen behind global norms ...

In a bold new play, a consortium led by social media giant Facebook has announced plans to enter the financial services sector through the launch of a cryptocurrency called Libra. Both a currency and a blockchain backed payment system, the project could have a profound impact on the financial servic ...

Allens has been ranked top legal adviser in the Asia Pacific in the syndicated loans and project finance league tables for the first half of 2018. The firm ranked number one for both borrower and ...

In preparation for the implementation of the first phase of the Consumer Data Right CDR on 1 July 2019 and fresh off the consultation period for the Federal Governments draft CDR legislation the Australian Competition and Consumer Commission ACCC released the Consumer Data Right Rules Framework the ...

Access to funding has long been the missing link in the development of startups in Australia The Australian startup industry has grown significantly over the past few years as capital has become more available Alternative funding options including crowdfunding give startups more options than ever ...

Cyber insurance has emerged as a multibillion-dollar global industry safeguarding businesses against financial losses from the explosion of cyber risk We caught up with Chris Mackinnon head of Lloyds in Australia to discuss the state of the cyber insurance market in Australia the challenges of ...

The Government released a discussion paper on the Objective of Superannuation today The paper says that the Government will enshrine in legislation the primary objective recommended by the Financial System Inquiry being To provide income in retirement to substitute or supplement the Age Pension ...

The Governments Future of Financial Advice Bill was passed by the Senate yesterday While the Bill began its life as the so-called Streamlining Bill introduced by the Government on 19 March 2014 the Bill as passed yesterday bears very little resemblance to the Bill as originally introduced It is ...

The Australian Securities and Investments Commission released its report reviewing retail life insurance advice yesterday The report provides insights into ASICs views on the Future of Financial Advice FoFA Partner Michelle Levy and Senior Regulatory Counsel Michael Mathieson report ...

Earlier today representatives of ASIC and APRA provided some insights into their thinking at a session called Up close and personal with the regulators at the annual conference of the Australian Superannuation Funds Association in Melbourne Senior Regulatory Counsel Michael Mathieson reports ...