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Friday 22 September 2017



I
nterview with Anu Kukar,  Director of Risk Innovation at KPMG, on the Ideal Risk Manager
 

You have an extensive background in risk management. Can you list some of the universal challenges faced by risk managers? Also any new challenges on the horizon for risk managers? 
 
Having spent the last 14 years as a 2nd-Line Risk Advisor in both ...

By the GRC Professional

ASIC Media Release

ASX-listed company Sirtex Medical Limited (Sirtex) has paid a penalty of $100,000 after ASIC issued an infringement notice for an alleged failure by Sirtex to comply with its continuous disclosure obligations.

The infringement notice was issued following an investigation into matters arising from an announcement on 9 December...

By the GRC Professional

Thursday 21 September 2017

ACCC Media Release

The Australian Competition and Consumer Commission has lodged a Notice of Appeal from the Federal Court’s decision on 30 August 2017 dismissing the ACCC’s proceedings against Medibank Private Limited (Medibank).

The ACCC had alleged that Medibank made false, misleading or deceptive representat...

By the GRC Professional

ASIC Media Release

Mr Benjamin Amzalak, 46, of Bondi in New South Wales, has appeared by his counsel before the Downing Centre Local Court today on 10 charges of market manipulation brought by ASIC.

The charges follow an ASIC investigation into trading in the shares of the Australian Securities Exchange listed company Precious Metal Resources L...

By the GRC Professional

Tuesday 19 September 2017

Comment 



Recently, Peter Nash spoke to
The Australian about how technology was changing the landscape. He argued that due to all the data floating around, businesses can no longer hide behind the traditional concepts of confidentiality and privacy.

Go to any conference, breakfast or workshop, and the minute the question of privacy comes up,...

By the GRC Professional

Tuesday 19 September 2017

News


The inquiry by the Australian Prudential Regulation Authority (APRA) is an opportunity for the Commonwealth Bank of Australia to demonstrate that it takes the Australian Transaction Reports and Analysis Centre (AUSTRAC) investigation seriously.

“Where action is not deemed sufficient, the Inquiry will make clear recommendations for the CB...

By the GRC Professional

Tuesday 19 September 2017

Looking at compliance and regulation differently.

  


RegTech can be good for compliance, but RegTech itself can bring a paradigm shift to meeting regulatory obligations.

At the ASIC RegTech Showcase, Australian Securities and Investments Commission (ASIC) Chairman, Greg Medcraft, said there needs to be both a new approach to compliance and, ...

By the GRC Professional

ACCC Media Release

Car manufacturers need to step up to meet their consumer guarantee obligations under the Australian Consumer Law (ACL) and stop putting the squeeze on dealers through dealer agreements, policies and procedures, ACCC Chairman Rod Sims told the 2017 Australian Automotive Dealer Association National Dealer Convention in Sydney toda...

By the GRC Professional


ASIC has remade two class orders relating to mortgage offset accounts and factoring arrangements, which were due to expire (‘sunset’) on 1 October 2017. Two new instruments have been made to continue the relief provided by these class orders:
  • ASIC Corporations (Mortgage Offset Accounts) Instrument 2017/795, replacing Class Order [CO 03/1048...

By the GRC Professional


The Australian Securities and Investments Commission has today launched its data strategy for 2017-20. The strategy, which outlines how ASIC will capture, share and use data, will transition ASIC into a more data-driven and intelligence-led organisation.

ASIC's data strategy outlines a number of data initiatives that have been completed or will ...

By the GRC Professional