APRA

Update on APRA’s Westpac Investigation

The Australian Prudential Regulation Authority (APRA) has delegated certain enforcement powers to the Australian Securities and Investments Commission (ASIC) in connection with the agencies’ investigations into matters arising from AUSTRAC’s proceeding against Westpac Banking Corporation1.…

APRA

APRA Commences New Data Collection to Assess Temporary…

The Australian Prudential Regulation Authority (APRA) is launching a new data collection to assess the progress and impact of the Government’s temporary early release of superannuation scheme. From next week, registrable superannuation entity (RSE) licensees…

APRA

APRA Adapts 2020 Agenda to Prioritise COVID-19 Response

The Australian Prudential Regulation Authority (APRA) has suspended the majority of its planned policy and supervision initiatives in response to the impact of COVID-19. The decision is intended to allow APRA-regulated entities to dedicate time…

ASIC

ASIC bans Perth SMSF adviser

ASIC has banned Perth-based adviser Wayne Blazejczyk from providing financial services for five years for failure to meet best interests obligations when providing advice on self-managed super funds (SMSFs). This follows an ASIC surveillance of…