As many as 300,000 company directors are operating without a mandated digital identification, in breach of a new scheme designed to crack down on illegal phoenix activity. The non-compliance...
Some cryptocurrency products may be “fundamentally incompatible with the existing financial services regulatory framework”, according to Treasury, as it begins consulting on the government’s token mapping exercise. Treasury released...
Beleaguered cryptocurrency exchange FTX has had the financial services licence of its Australian subsidiary suspended by the corporate watchdog after the company filed for bankruptcy. While the suspension runs...
The Australian Securities and Investment Commission “requires a substantial uplift in its data and technology capability” alongside a “material cultural change” to access the full benefit of any upgrade,...
The Australian Securities and Investments Commission must become a “digital savvy regulator” to tackle growing regulatory challenges including crypto assets and investment scams according to its chair Joseph Longo....
The Australian Stock Exchange’s blockchain replacement for clearing system CHESS has been delayed again – for the fifth time – as the multinational tech consultants Accenture is brought in...
Australian Competition and Consumer Commission chair Gina Cass-Gottlieb highlighted the importance of collaboration in the fight against scams and outlined the regulator’s three-pronged approach to make Australia the world’s...
Australia’s corporate regulator will use consultancy giant Deloitte to manage its migration of key economic infrastructure over the next year in a move away from a local SME that...
A greatly expanded regulatory sandbox for FinTech companies is set to be launched in September, nearly three years after it was first announced by the federal government. Legislation widening...
The federal government will look to pass legislation improving the regulatory sandbox as a “matter of priority” when Parliament resumes next month after it was revealed that only seven...