The month of July saw a suite of regulatory and industry updates following the start of a new financial year. Notably, ASIC announced assistance for unlisted companies and issued its report on its enforcement and regulatory actions. It also announced that it will be taking new measures designed to strengthen the financial system by regular reporting of negative audit reviews to directors. This month also saw APRA introduce two public consultations with the goal of improving transparency for banks and other regulated entities. It also announced that it will publish new superannuation data, a report on the national claims and policies database, statistics on general insurance claims, and data from the Private Health Insurance Coverage Survey.
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