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The Parliamentary Joint Committee on Corporations and Financial Services is conducting an inquiry into the financial services regulatory framework in relation to financial abuse.
The committee will examine the prevalence and impact of financial abuse, including the approaches taken by financial institutions to identify, record and report financial abuse, the impact of the shift of

From 15 April 2024, the Australian Postal Corporation (Performance Standards) Regulations 2019 have been amended so that:

  • for most locations within Australia, ordinary letters will be delivered every second day (rather than every day)
  • Australia Post has an extra day to deliver ordinary letters across Australia
  • Australia Post can change the way it manages priority

The Australian Government has issued a merger reform paper with proposals intending to make Australia’s merger control system stronger, simpler, targeted, faster and transparent.
The new merger control system will apply from 1 January 2026.
A merger can occur when there is a change of control of a business or asset.
The person or people

In Australian Securities and Investments Commission v Lanterne Fund Services Pty Limited [2024] FCA 353 the Federal Court fined Lanterne $1.25 million after it admitted to contraventions of its obligations as an Australian Financial Services Licensee under sections 912A(1)(a), (ca), (d), (e), (f) and (h) and 912A(5A) of the Corporations Act.
Lanterne’s business involves authorising

In Australian Competition and Consumer Commission v Master Wealth Control Pty Ltd [2024] FCA 344 the Federal Court of Australia decided that DG Institute breached the Australian Consumer Law by making false or misleading representations to consumers about two courses and mentoring programs relating to property and business investment, including strategies for asset protection.
The

Treasury’s Competition Review is inviting public submissions to its issues paper on non-compete and related clauses in employment contracts that limit what a worker can do, both during employment and when they stop working for a business including non-compete, non-solicitation and non-disclosure clauses. 
Non-compete clauses are a type of restraint of trade clause that seek

In Australian Securities and Investments Commission v Vanguard Investments Australia Ltd [2024] FCA 308 the Federal Court of Australia found Vanguard Investments Australia contravened section 12DF(1) of the ASIC Act when it made false or misleading representations about the ESG exclusionary screens that were applied to the Vanguard Ethically Conscious Global Aggregate Bond Index Fund.

The ACCC has announced that HSBC Bank Australia Limited (HSBC) has paid penalties totalling $33,000 after the ACCC issued it with two infringement notices for alleged contraventions of the Consumer Data Right (CDR) rules.
The infringement notices related to alleged failures by HSBC to disclose complete mortgage interest rate details and accurate credit card balances