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Thursday 5 July 2018

News Summary

Financial Review 

The Australian Chamber of Commerce and Industry (ACCI) has questioned the cash ban.

The article reported that the ACCI believes that the Turnbull government is focusing on the wrong thing and this will not mean a decline in the ‘black economy’ because of the ban.

"Resources and effort would be better s...

By the GRC Professional

The Australian Competition and Consumer Commission (ACCC) will be looking at the competition practices of digital platforms.

ACCC Chairman, Rod Sims, told the International Institute of Communications’ Telecommunications and Media forum that the impact of these digital platforms is a ‘vital issue’.

“It is clear that we need to look at the...

By the GRC Professional

Amendments to the whistle-blower regime indicate a move towards creating a regime that will protect those who speak out about wrong-doing. But what do organisations need to do to change?

For Dennis Gentilin, Founder of Human Advisory Systems, the key is in organisational culture.

The GRC Professional got a chance to catch up with Gentilin e...

By the GRC Professional

Wednesday 4 July 2018


Once again, banks find themselves in the spotlight for selling inappropriate products to their consumers.

Earlier this week, the Australian Securities and Investment commission (ASIC) released Credit Card Lending in Australia, a report that highlighted some of the challenges of credit card lending.

This week, the regulator also released ...

By the GRC Professional

* This article was originally published in the Winter 2018 Edition of the GRC Professional, or you can downlaod a PDF version of this article here

by Dr Angus Young
The revelations of the Royal Commission and recent Inquiry by Australian Prudential Regulation Authority (APRA) raise questions about went wrong and where the failures lie. H...

By the GRC Professional


 Weak governance when it comes to ‘related-party dealings’ can lead to financial reputational damage.

This is the position of the Australian Prudential and Regulation Authority (APRA) and the reason behind their released Discussion Paper: Revisions to the related entities framework for ADIs, which details proposed updates to the...

By the GRC Professional


*This article was republished with the permission of the author. You can access the original publication here.

by Sean Coady

To get what you want a bunch of stuff has to go right. But a bunch of stuff can also go wrong. Understanding and managing all of that is what business is all about. And good business management is also kn...

By the GRC Professional

*This article has been republished from  DLA PiperMore information about the authors or their other publications can be found here.

by Geoff Ward-Marshall, Rachel Taylor, Martin Wiseman
The Ministry for Business, Innovation and Employment (MBIE) is seeking written submissions on options to increase the transparency of the bene...

By the GRC Professional


Though much emphasis has been placed on RegTech’s role in helping the finance industry, RegTech can be a boon to the compliance systems of any industry.

One area where a lot of opportunities exist for RegTech solutions, according to Ladbrokes’ Patrick Brown, is in the online gaming space.

Last year, Tabcorp was fined $45 million ...

By the GRC Professional

Friday 29 June 2018


Australian Transaction Reports and Analysis Centre (AUSTRAC) emphasises that compliance needs to be at the centre of any technology solution.

“You have to be mindful and place importance on compliance, whatever you’re building, developing, prototyping, jamming,” Raj Walton, Director of innovation at AUSTRAC said at the financial in...

By the GRC Professional