RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

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5.22 – ASIC’s Head of Financial Services Enforcement testifies about Superannuation at the Royal Com

Views 30 Likes 0 Dislikes 0 Published December 31, 2020, 2:23 am

Tim Mullaly, senior executive leader the Australian Securities and Investments Commission's (ASIC) financial services enforcement team, returns to the Banking Royal Commission during the round on Superannuation. He is being questioned over ASIC's disciplinary action on CBA, ANZ and Westpac, and its use of enforceable undertakings instead of civil penalties.

Recorded on 17 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

5.22 – ASIC’s Head of Financial Services Enforcement testifies about Superannuation at the Royal Com

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Martin Khoury

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