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Compliance
Government extends responsible lending exemption for SME finance
by Annie Kane • 1 Oct 2024
The Albanese government has extended the RLO exemption for business finance for another two years.
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ASIC begins cancelling credit licences following CSLR payments
by Annie Kane • 25 Sep 2024
The financial services regulator has, for the first time, cancelled credit licences of companies following the payment...
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ASIC sues Sydney businesses for alleged unlicensed lending
by Reporter • 24 Sep 2024
A south-west Sydney car dealership is being sued for allegedly providing unlicensed car loans to consumers, which had...
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Senate approves inquiry into CSLR and Dixon collapse
by Reporter • 18 Sep 2024
A Senate inquiry will probe the collapse of Dixon Advisory and its impact on the Compensation Scheme of Last Resort.
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Loan Market payroll tax judgment delayed
by Annie Kane • 6 Sep 2024
The judgment for Loan Market’s payroll tax case has been reserved, with final orders to be handed down in due...
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ASIC extends reference checking protocol to mortgage aggregators
by Annie Kane • 19 Aug 2024
Mortgage aggregators will be able to obtain references on mortgage brokers from 20 August following legislative...
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Broking association responds to government’s CDR move
by Adrian Suljanovic • 12 Aug 2024
The head of the MFAA has welcomed the government’s announcement on resetting the CDR regime.
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CDR to be reset
by Adrian Suljanovic • 12 Aug 2024
The Albanese government has announced plans to build a CDR framework to “better serve consumers”.
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Banks to refund $28m to low-income customers
by Charlotte Humphrys • 15 Jul 2024
Four banks have had to pay up following an investigation by ASIC regarding their conduct towards low-income customers.
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ASIC reduces broker levy after questions raised
by Annie Kane • 12 Jul 2024
A reduced minimum levy has been confirmed for credit intermediaries after an industry member flagged inconsistencies...
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