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Banking and finance

The Treasury promotes competitive, efficient markets that work for the good of consumers and investors, a secure financial system and sound corporate practices, and foreign investment consistent with Australia's national interests. This includes regulatory reforms to improve the resilience of the financial system, innovation and consumer outcomes and participation in regional and international forums, such as G20 summits.


  •  - ClosedDraft Regulations

    Treasury is seeking stakeholder views on the draft Corporations Amendment (Client Money Reporting Rules Enforcement Powers) Regulations 2018. These Regulations complete the Government’s client money reform agenda, designed to strengthen the protection of retail clients of financial services. Specifically, the Regulations propose to give the regulator (the Australian Securities and Investments Commission, or ASIC) necessary […]

  •  - ClosedConsultation Paper

    In the 2017-18 Budget, the Government announced that the it would look to relax the legislative 15 per cent ownership cap so as to reduce barriers for innovative new entrants into the banking sector. This consultation seeks stakeholder views on the exposure draft of the Financial Sector (Shareholdings) Amendment (Relaxing Ownership Restrictions) Bill 2018 and […]

  •  - ClosedDraft Legislation

    In the 2017-18 Budget, the Government announced that it would legislate to introduce a new Banking Executive Accountability Regime (BEAR). The BEAR, which will make ADIs and their most senior executives and directors accountable for meeting heightened standards of behaviour in line with community expectations, received Royal Assent on 20 February 2018. The legislation includes […]

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