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Specialty Group: Financial Institutions and Markets

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Member Articles


Consumer Credit – New Rules

In September 2023, Parliament approved new rules on consumer credits, which aim to update Directive 2008/48/EC. These changes come in response to challenges such as digitalization and consumer over-indebtedness. These ne ...

‘Your Future, Your Super’: APRA’s Superannuation Performance Test Turns a Spotlight on Poor Performance and High Fees Amongst Choice Products

The annual superannuation performance test has shone a light on poor performance in the MySuper segment since its introduction in 2021. Now the Choice segment is under the spotlight as more than one in 10 trustee-directe ...

FAR-GO!!!! The Financial Accountability Regime Finally Passes in Parliament

On 5 September 2023, the Financial Accountability Regime Bill 2023 (Bill) was finally passed by both Houses of Parliament, meaning that the long-awaited Financial Accountability Regime (FAR) is poised to become Australia ...

The Financial Accountability Regime – The Kill(ed) Bill Vol.3: Staying Alert in the Face of Inevitable Impending Change

There will soon be clearer direction regarding the long-awaited implementation of the Financial Accountability Regime (“FAR”), an initiative to bolster accountability standards and transparency in the financial servi ...

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