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The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.
Australia and New Zealand Banking Group Ltd. has reached an 11th-hour deal with the securities regulator over allegations of interest rate rigging.
Electricity prices in Australia have skyrocketed and its hurting Australians, the consumer regulator has said in a damning report that faults power companies for confusing customers and finding loopholes in the law.