Central . Central involves the overnight consolidation and investment of whole of government bank account balances, bank account balances of all NCEs and specific CCEs. Through this process, government are brought together (that is, consolidated) each night in the OPA Group, which includes the ...

. Our safeguards include regular audits and reviews, education activities, investigations and risk monitoring. These safeguards ensure health and aged care professionals meet their responsibilities and that public are protected. Our requirements help to address poor practice and fraudulent activity.

Government has announced it will launch a consultation into the for managed investment schemes (MIS). Minister for financial services, Stephen Jones, said Treasury was reviewing the a public consultation would be launched mid-year. This review would ensure there were strong place ...

for MIS was introduced more than twenty years ago, since that point we've seen a number of significant scheme failures, Sterling Income Trust, Trio Capital and Timbercorp. The review will examine whether the is fit-for-purpose, identify potential gaps, and consider what enhancements ...

current financial , main elements of which were introduced on 1 July 1998, has its genesis in the findings of the Financial System Inquiry ( Wallis Committee). The Inquiry recommended wide-ranging reforms to the structure of financial regulation, designed to achieve a more competitive, efficient and flexible financial system.

Proposed changes for Digital Asset Platforms and reform to the AML/CTF Regime have also been released for separate consultation. Alongside these, this Consultation makes it clear that the Government intends to introduce major reforms that will have significant impacts for payments .

As the conduct and disclosure regulator, ASIC is focused on the behaviours of participants in the financial advice industry and the impact on consumers. The Corporations Act 2001 imposes: a single licensing regime for financial sales, advice and dealings in relation to financial products, consistent and comparable financial product disclosure ...

back of recent initiatives in superannuation, this review is further evidence of the commitment of the Government to applying its new broom across the invested landscape. A number of the measures, such as those around responsible entity governance and risk arrangements, will build on measures taken by the Australian Securities and Investments Commission in recent years.

three main agencies (" three pillars") for the financial system in . are: Reserve Bank of : RBA is responsible for monetary and banking policy, the stability of the Australian economy and promoting the safety and efficiency of the payments system. The RBA regulates purchased payment facilities.

RG 132 : oversight. responsible entities of registered managed investment schemes (registered schemes); . Australian passport operators. managed discretionary account (MDA) providers. Aspects of this guide are also relevant to those with oversight responsibilities, committees ...

a media release issued on 8 March 2023, Stephen Jones, the Assistant Treasurer and Minister for Financial Services, announced that the Government will task the Treasury with conducting a review of the managed investment schemes. This announcement followed an announcement made in the Federal Government's 2022 Budget, where scant details were provided.

RBA's role is set out in the Reserve Bank Act 1959 , and requires that the Payment Systems Board (PSB) determine the RBA's payments system policy in a way that best contributes to: controlling risk in the financial system. promoting the efficiency of the payments system. promoting competition in the market for payment services ...

GUIDE 131. : Establishing and registering a . October 2022. About this guide. This guide is for responsible entities of registered managed investment schemes (registered schemes), Australian passport operators, corporate directors of retail corporate collective investment vehicles (CCIVs), and their advisers.

Government has asked the Treasury to undertake a review of the for managed investment schemes. In March 2023, the Assistant Treasurer and Minister for Financial Services, the Hon Stephen Jones MP, announced the review will consider: • the thresholds that determine whether an is a wholesale client;

What are functions?Regulatory functions may include administering (for example, providing approvals, making operational rules about, handling complaints ), monitoring, promoting with and enforcing regulation. Australian Government Guide to Impact Analysis defines regulation as, any rule endorsed by government where there is an expectation of .

A concise Q&A guide to the financial services national authorities, authorisation regime, key legislation, the scope of regulation and more.

ASIC's guidance on with the financial services regime. a single licensing regime for financial sales, advice and dealings in relation to financial products, and a single authorisation procedure for financial exchanges and clearing and settlement facilities. The covers a wide range of financial products ...

1 Chapter 5C Corporations Act 2001 which covers managed investment schemes. 2 ASIC Report 702 Competition in report found that there is effective competition in which is evidenced by new market entrants, innovation and low fees by global standards. See page vii for more .

Reserve Bank of (RBA) is central bank and provides a range of banking services to the Australian government and its agencies, overseas central banks and official institutions. It is also responsible for maintaining the stability of the financial system through monetary policy and regulating payment systems.

Guide 132 - oversight. In July 2018, the Australian Securities and Investments Commission (ASIC) issued a suite of seven new and updated guides, providing comprehensive guidance to the industry. The guidance has been updated for changes arising from the Asia Region Passport (Passport ...

GUIDE 132 . : oversight . June 2022 . About this guide This guide is for: responsible entities of registered managed investment schemes; corporate directors of retail corporate collective investment vehicles (retail CCIVs); and Australian passport operators.

. index is a subject matter index that will help you find ASIC documents and legislative instruments by topic. This index presents one pathway into ASIC's . It should be used in conjunction with website search and navigation. Find out more about the index or ...