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China eases restrictions on foreign ownership of Chinese financial institutions

China eases restrictions on foreign ownership of Chinese financial institutions

Chinese Government announces it will ease/remove restrictions on foreign ownership of securities and futures firms, fund managers, commercial banks, financial asset managers, life insurers...

14 November 2017
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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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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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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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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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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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Major Banks Second Report – Here we go again

The House Of Representatives Standing Committee on Economics released its Major Banks Second Report's recommendations - what they mean and our predictions.

04 May 2017
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FoFA Reforms: ASIC’s First Scalp

ASIC has claimed its first scalp for breaches of the “best interests” and “appropriate advice” obligations incorporated into the Freedom of Financial Advice (FOFA) reforms.

12 April 2017
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Australia’s Corporate Collective Investment Vehicle: looking to Europe for inspiration?

In April 2016, the Federal Government committed to the introduction of a new tax and regulatory framework for two new types of collective investment vehicles (each a “CIV”)...

22 March 2017

Navigating the blockchain path: Australia’s ASIC releases guidance

Australia’s securities and investments regulator, ASIC, has released guidance on the use of distributed ledger technology (including blockchain) in financial services and financial markets.

20 March 2017
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Putting Australia on the blockchain map - Standards Australia releases Roadmap for Blockchain Standards

Yesterday, Standards Australia released its Roadmap for Blockchain Standards; marking its role at the forefront of international standards and setting the blueprint for Australia's leadership.

03 March 2017
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First glimpse of game-changing reforms to product design and distribution, and ASIC’s intervention powers

The Australian government has requested feedback and comments on the measures outlined in the Proposals Paper.

15 December 2016
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