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In case you missed it (week ending 8 July)

by Kate Aubrey2 minute read

In case you missed it this week, RBA bumps up the cash rate, accountancy associations call for member to decline "capacity to repay" requests, Australia's first Islamic bank to distribute through brokers and the government's expanded home guarantee's launch.

RBA attempts to curb runaway inflation

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The Reserve Bank has continued its approach to fight inflation with a second 50-bp cash rate hike

Accountants to decline ‘capacity to repay’ requests
Several accountancy associations have advised members to decline requests to provide “capacity to repay” certificates, flagging compliance concerns.

Australia’s first Islamic bank will distribute through brokers

APRA has granted a restricted banking licence to Australia’s first Islamic bank, which plans to offer home finance through the broker channel.

Expanded Home Guarantee Scheme launches

From 1 July, 40,000 new places under the federal government’s Home Guarantee Scheme have become available to help Australians buy their own home.

In case you missed it (week ending 8 July)
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Kate Aubrey

Kate Aubrey

AUTHOR

Kate Aubrey is the senior content producer of The Adviser and Mortgage Business. Previous to joining Momentum Media, Kate covered regional and breaking news for ABC Radio.

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