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Watchdog

September

On guard: David Chandler says prefabrication opens domestic building to the global supply chain and quality risk, and needs proper regulation.

Up to 10,500 homes in NSW being built by ‘risky players’

Former NSW building commissioner David Chandler says the regulator, which initially focused on apartments, is only now getting to grips with detached home building.

  • Michael Bleby

November 2023

Future Fund chief executive Raphael Arndt says the US election is a dangerous point in history.

US election ‘dangerous point in history’: Future Fund boss

Raphael Arndt, RBA governor Michele Bullock and Treasurer Jim Chalmers have warned that geopolitics is among economic challenges, but the most pressing problem is inflation.

  • Patrick Durkin
ASIC chair Joe Longo says ASIC’s record is strong.

Longo is running out of time to show ASIC has teeth

Critics say the Great Barrier Reef authority refers more people for prosecution than ASIC.

  • Patrick Durkin

August 2023

Treasurer Jim Chalmers addresses the national press club.

Chalmers appoints three new ASIC commissioners

The treasurer says the appointments are an opportunity to “refresh” an organisation that has “copped a bit of flak in recent times”.

  • Ronald Mizen

May 2023

ASIC Chair Joe Longo, with Finance Minister Katy Gallagher and ASIC Deputy Chair Karen Chester, announced a major shake-up on Tuesday.

ASIC muscles up its enforcement division as part of a major shake-up

ASIC will be streamlined under a major staff shake-up, amid an exodus of executives and a search by the Albanese government for new regulators.

  • Patrick Durkin and Campbell Kwan
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February 2023

Jayaweera was charged following an investigation by the Australian Securities and Investments Commission (ASIC).

ASIC was almost broken up after the Hayne royal commission

The Morrison government came close to breaking up the corporate regulator under the former chairman James Shipton, after Treasury investigated the idea when it was raised in the final recommendations of the Hayne royal commission.

  • Patrick Durkin

September 2021

Underquoting: Victoria’s consumer watchdog has fined Kay & Burton for underquoting on this Melbourne house.

Agency fined for underquoting $5.8m Melbourne home

Kay & Burton has been slapped with penalties for sales overseen by the son of former ACCC chairman Graeme Samuel.

  • Michael Bleby

March 2021

ASIC Chair James Shipton during a Senate estimates hearing at Parliament House on Thursday.

ASIC to skip fines, go straight to civil action

A move to make it harder for disgruntled shareholders and class action lawyers to sue businesses could change the way the corporate watchdog operates.

  • Ronald Mizen

February 2021

Real estate agent Nicolette van Wijngaarden was sentenced to jail in November 2019 over trust account fraud.

Minister puts ‘rogue’ real estate agents on notice

As the NSW real estate market heats up, the consumer affairs minister warns against trust account fraud – and wields a list of recent prosecutions.

  • Michael Bleby and Finbar O'Mallon

April 2020

ASIC warns real estate agents over super advice

Individuals can be jailed for up to five years and companies can be fined up to $1.26 million for breaches of the laws, the watchdog noted.

  • Nick Lenaghan

January 2020

ASIC Plenary session 8: Technology and the future of markets. Scott Farrell, head of the Australian Government's Review into Open Banking and Partner, King & Wood Mallesons Tuesday 20th March 2018 AFR photo Louie Douvis .

New 'data right' inquiry could wrest payments function from banks

The government could wrest control of payments away from major banks, with a King & Wood Mallesons partner to consider if fintechs can initiate payments.

  • James Eyers and Matthew Cranston

November 2019

Overall there was a 5 per cent growth in international visitors to Australia in 2018.

Airline rewrites safety manual after ATSB scrutiny

AirAsia passengers were beset with confusion and panic when crew shouted 'brace' and 'crash position'.

  • Lucas Baird

March 2019

"We need media policy that keeps pace with the times" ... Sarah Hanson-Young.

Greens call to give media regulators sharper teeth

The Greens want platform-neutral media regulation and an inquiry into the rise of dark elements of social media.

  • Max Mason

Original URL: https://www.afr.com/topic/watchdog-jdu