Results for "Credit card"
31-40 of 89 results for 'Credit card'
Mandatory margining: APRA final rules released
APRA has released its long-awaited Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives While these rules are based on the Draft released in February of this year and address some of the concerns raised during the consultation process there are still a ...
Penalties: The final word
The High Court decision in Paciocco v Australia and New Zealand Banking Group Limited, provides welcome clarity on the application of the 'penalties rule' implicating a broad range of sectors. ...
Plugging the price drip
The Federal Court has found that Jetstar Airways Pty Ltd and Virgin Australia Airlines Pty Ltd contravened the Australian Consumer Law by engaging in drip pricing In doing so the Federal Court differentiated between the types of conduct that will be considered misleading or deceptive under the ACL ...
Consultation paper on Strategic Plan for the Australian payments system
Treasury has released a consultation paper on its Strategic Plan for the Australian payments system. The Commonwealth Government is seeking feedback on the proposed contents of the Strategic Plan, with submissions due by 6 February 2023. It is intended that the inaugural Strategic Plan will be released in the first quarter of 2023. ...
Federal Court imposes $34.5 million penalty on shipping cartel participant; ACCC commences inquiry into Murray Darling basin; and Europcar fined for excessive card surcharges
Federal Court imposes $34.5 million penalty on shipping cartel participant; ACCC commences inquiry into Murray Darling basin; and Europcar fined for excessive card surcharges ...
ASIC's insights from the Reportable Situations Regime
ASIC has recently published a paper (here) recording high-level insights on themes and trends observed in reports received from AFS and credit licensees under the new Reportable Situations Regime (the Regime). ...
Vietnam issues new guidance on data localisation requirement
More than three years after the Cybersecurity Law came into force, Vietnam's Government has finally issued guidance for its implementation under Decree No. 53/2022/ND-CP. In this Insight we examine this requirement and its implications for Vietnamese and foreign businesses. ...
Court confirms life easier for default interest clauses post-Paciocco
New South Wales Court of Appeal case Arab Bank Australia v Sayde Developments considered the application of penalties doctrine to default interest rate provisions in load agreements post the high court's libera approach to the doctrine in Paciocco v ANZ. ...
CDR action initiation is coming – what does it mean and why does it matter?
On 26 September 2022, the Treasury released draft legislation to enable action initiation under the national Consumer Data Right ( CDR ) regime ( AI Exposure Draft ). One month later, on 30 Novembe ...