The action is the fourth time Asic has moved against Macquarie Group over the last year.
Australian legislation is pending, but a Westpac NZ senior exec says volume of work to become compliant should not be underestimated.
The New Zealand company entered the Australian market with its Botswana Butchery and White + Wong branded restaurants.
ANALYSIS: Sam Mostyn's appointment has been widely welcomed but has angered some conservatives.
Even with the importing of economic contributors the country’s dependency ratio is set to increase placing more stress on workers.
The South Korean company has major defence contracts and a factory in Australia, but ASX-listed Austal has rejected the A$1b bid.
Uber is in court in New Zealand and settled for A$272m with Australian taxi drivers last month. Now it faces a separate trial brought by a competitor.
This marks only the second time that a woman has held the high-profile position.
With markets expecting a soft landing the RBA warns of an asset price shock if conditions change.
Vanguard has admitted to misleading conduct and its penalty will be decided in August.