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Bank Executive Accountability Regime: Consultation paper released

Bank Executive Accountability Regime: Consultation paper released

This article was written by Tim Bednall.On 13 July 2017, the Commonwealth Government released a consultation paper on the proposed “Bank Executive Accountability Regime” (BEAR) flagged by the...

07 August 2017

How to combat modern slavery and reduce your regulatory exposure

Amidst a growing global regulatory recognition that more needs to be done to combat modern forms of slavery and human trafficking, you should be aware of existing Australian...

01 August 2017
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RMB Internationalisation and the evolution of global RMB hubs: official report released

The Renminbi Global Cities Dialogue's Official Report: overview of the current state of offshore RMB markets and a frank assessment of the challenges faced by RMB hubs and...

20 July 2017
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Changes to Australia’s financial services taxation regimes

The tax changes are aimed at reducing the uncertainty with the Investment Manager Regime (IMR) and the new tax system for attribution managed investment trusts (AMITs).

19 July 2017
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Technical insight and strategic foresight: CSIRO’s Data61 releases blockchain study.

The CSIRO’s Data61 reports contain scientific research on learnings from blockchain’s use, gives guidance on what blockchain could mean and shows how a future with blockchain might be...

07 June 2017
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Tabcorp penalty reveals AUSTRAC’s high expectations for money laundering risk assessments

Reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) should carefully assess whether their risk assessment and AML/CTF program meet regulatory expectations.

01 June 2017
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Major Bank Levy bills released

The Major Bank Levy's purpose is ostensibly twofold: to contribute to “budget repair” and to level the playing field with smaller banks.

31 May 2017
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Financial institutions – a growing industry with big data obligations to match

The Productivity Commission's final report on Data Availability and Use recommends the introduction of a “Comprehensive Right”, providing a a joint right to view, transfer and correct data.

22 May 2017

Australian Federal Budget 2017-18: Personal tax

Analysis of the 2017-18 Australian Federal Budget's changes to personal tax including several significant measures relating to residential real estate.

09 May 2017
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Australian Federal Budget 2017-18: Impact on banks

Analysis of the 2017-18 Australian Federal Budget's reforms including the major bank levy, the open banking regime, increasing financial system competition and more.

09 May 2017
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Transforming data use and accessibility: Productivity Commission urges Australia to participate in 'global phenomenon'

The proposed reforms are geared to improving transparency and accountability for release of data across different sectors.

08 May 2017
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The CRS is almost here - are you prepared?

Before 1 July 2017, entities need to determine whether they are characterised as “Reporting Financial Institutions” under the OECD Common Reporting Standard.

05 May 2017
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