December 3, 2021
The Australian Prudential Regulation Authority (APRA) has opted not to include mandatory climate risk disclosures in new guidance for the country’s financial services sector.
The APRA has published a …
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Follows IPO examination of one company’s statements
September 17, 2021
The Australian Securities & Investments Commission (ASIC) has warned it will take action against companies it believes are making misleading claims regarding their net …
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14 May, 2021
A proposed Australian government clampdown on proxy advice provision risks limiting the ability of investors to raise issues with corporate boards, investor groups have warned.
The rule changes, put …
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Australia has toughened up banking regulation after its upper house, the Senate, passed a law which gives its financial regulator, the Australian Prudential Regulatory Authority new powers, including the ability to cap bankers’ pay.
Under the Treasury Laws Amendment (Banking …
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Australia’s 2017 AGM season was significantly “less tumultuous” than the 2016 season, with fewer ‘strikes’ (a 25% vote against) on remuneration reports the Australian Securities & Investment Commission (ASIC) has reported.
Most Australian companies hold their AGMs in …
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The Australian Competition and Consumer Commission (ACCC) is taking subsidiaries of pharmaceutical giants GlaxoSmithKline (GSK) and Novartis to court over misleading marketing of the Voltaren Osteo Gel and Voltaren Emulgel pain relieving gels.
It is alleged that both firms claimed …
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Australia’s Financial Services Council (FSC) which represents the country’s fund management and pensions industry has launched an Internal Governance and Asset Stewardship Standard for investment managers and asset owners.
This is the first stewardship code introduced in Australia and the …
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Most of the largest Australian superannuation (super) pension funds are adopting some form of responsible investment according to a survey by the Responsible Investment Association of Australasia (RIAA).
The RIAA said its Superfund Responsible Investment Benchmarking Report involved a detailed …
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