The corporate watchdog is adopting a litigate-first strategy after the banking royal commission.
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ASIC slammed for ‘wasting taxpayer dollars’The country’s corporate industry watchdog forked out a staggering $100,000 for a barely noticeable rebrand — and Australians are less than impressed.
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Bowen urges Coalition to legislate banking royal commission reforms | Sky News AustraliaMEDIA CONFERENCE: Shadow treasurer Chris Bowen has called on the government to extend parliament’s sitting schedule to pass the ‘straightforward’ recommendations from the royal commission.\n\nCommissioner Kenneth Hayne's final banking royal commission report contained stricter penalties for negligent mortgage brokers and greater oversight of financial advisors, among other proposals.\n\nThe Coalition has agreed in principal to the majority of the 76 recommendations contained within the report.\n\nParliament is scheduled to sit for ten days before the election is due to be held in May.\n\nMr Bowen told reporters in Canberra that Labor is prepared to sit for longer to ensure bipartisan recommendations can be ‘quickly legislated.’
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AMP profit dives amid royal commission scandals, life insurance saleWealth management giant AMP's full-year profit crumbles by 97 per cent, as it faces the fallout from a range of scandals exposed by the royal commission.
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