Unsurprisingly, growing issues in the digital world are front and centre of this issue on the back of the Medibank and Optus cyber attacks, the collapse of FTX, and the ASX decision to halt the implementation of its blockchain project.
This issue also includes updates from the ABA, ACCC, APRA, AFCA, the ATO, the Federal Government, the RBA and from New Zealand's regulators.
As always, your feedback is important, so do not hesitate in contacting us.
FINSIA
Economy
IMF - Staff Concluding Statement of the 2022 Article IV Mission
ABS
Unemployment rate falls to 3.4%
Weekly Payroll Jobs and Wages in Australia,
Jobs in Australia, 2015-16 to 2019-20
Monthly Household Spending Indicator
ACCC
Calls for new competition and consumer laws for digital platforms
Scams Awareness Week 2022 empowers Australians to spot a scam
APRA
Releases discussion paper on financial resources for risk events in superannuation
Moves to strengthen transfer planning in superannuation
No room for complacency on bank risk culture
APRA consults on updated investment governance guidance for superannuation trustees
ASIC
Suspension of FTX Australia’s AFS licence
Supervisory Cost Recovery Levy—Regulatory Costs, Instrument 2022/889
Alert: Fake IPO and pre-IPO investment scams
ASIC-RBA joint statement on ASX CHESS replacement program
ATO
Over $30 million invested to assure high quality tax practitioner services
Cyber Security
Six million Australian adults hacked in the last year
ASIC’s top-10 ways to spot a crypto scam
Federal
Opening statement to the Economics Legislation Committee - the global and domestic economic outlook
New Zealand - Aotearoa
Electronic card spending continues to increase in October
Review and Assessment of the Formulation and Implementation of Monetary Policy (RAFIMP)
Adrian Orr reappointed as Reserve Bank Governor
RBA
Michele Bullock - The Economic Outlook
Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Review of the RBA’s Approach to Forward Guidance
