Financial Lines Update
Welcome to our Financial Lines Update, where we bring you our insights into recent events that are relevant to the…
Find past news & insights
ASIC’s new product intervention power
As part of its response to the Financial System Inquiry, the Australian Government introduced a product intervention power to enable…
Guidance from ASIC: Approach to lending during the COVID-19 pandemic
Introduction In response to a request from the Australian Banking Association (ABA), the Australian Securities and Investments Commission (ASIC) has…
ASIC Consults on Responsible Lending
Summary The Australian Securities and Investments Commission (ASIC) has released Consultation Paper 309 – Update to RG 209 (Consultation Paper)….
ASIC consults on credit card responsible lending assessments
ASIC has today issued Consultation Paper: Responsible Lending Assessments (CP 303) which proposes for a 3 year period to be…
Federal Treasury's new proposals: reforms to corporate misconduct penalties, the regulatory sandbox and whistleblower protection
The Australian Government Treasury department (Treasury) has commenced consultation on a number of new proposals which will have significant implications…