News & updates

Latest news & updates

Audits find no signs of Wells Fargo misconduct in Australia


Wells Fargo Bank’s illegal practice of opening accounts without customers’ knowledge is not rife in Australia, but improvements should be made in the way consumer credit insurance (CCI) is sold.

That’s the view of the Australian Securities & Investments Commission (ASIC) after reviewing the results of audits by eight Australian banks looking at whether the systemic misconduct uncovered at Wells Fargo was occurring in Australia.

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ACNC makes annual reporting easier


The Australian Charities and Not-for-profits Commission (ACNC) has announced several improvements to the 2017 Annual Information Statement (AIS) process. These include a new hub, re-designed guidance material and an enhanced online form.

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Government sets the ball rolling for new financial complaints body


The government has created a transition team to oversee the establishment of the Australian Financial Complaints Authority (AFCA), a one-stop-shop for resolving financial and superannuation disputes.

The team, tasked with ensuring the AFCA is operational by 1 July 2018, will be chaired by Dr Malcolm Edey, the former Assistant Governor (Financial System) of the Reserve Bank of Australia.

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New publication available for download


Governance Institute of Australia has released a new publication, Continuous Disclosure: listed and other disclosing entities. It provides an invaluable guide to the essentials of continuous disclosure and particularly what it involves in practice.

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Have your say on risk and resilience


How can governance and culture can support improved risk resilience through times of change?

In partnership with KordaMentha, we are surveying our readership on how they and their organisations face change. 

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The tricky question of rewarding whistleblowers


No one should be worse off for blowing the whistle on misconduct and all whistleblowers should have greater access to compensation if they suffer a detriment as a result of their whistleblowing.

That was the view of Minister for Revenue and Financial Services, Kelly O’Dwyer, when addressing a University of Melbourne Whistleblowing seminar in Melbourne in June.

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