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Compliance
Home loans amongst fewest complaints: AFCA
by Josh Needs • 28 Jul 2023
While financial complaints rose by more than a third in the financial year 2023, home loan grievances were below...
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Maximum ASIC fines increase to $1.57m
by Annie Kane • 18 Jul 2023
The maximum penalty for breaking the best interests duty is 40 per cent more than when the obligation was first brought...
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Should there be a separate accreditation for SMSF loan writing?
by Annie Kane • 18 Jul 2023
PREMIUM While qualifications are needed to provide self-managed super fund advice, these don’t apply to brokers...
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Michele Bullock to become first female RBA governor
by Annie Kane • 14 Jul 2023
The federal government has confirmed Michele Bullock will become governor of the Reserve Bank of Australia in...
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Voluntary anti-scam code wouldn’t stop scams: Shayne Elliott
by Reporter • 13 Jul 2023
The chief executive of ANZ bank has said that he would not sign up to any code that called on banks to refund any more...
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RBA agrees to implement structural changes
by • 12 Jul 2023
The central bank has acknowledged 10 recommendations from the RBA review.
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AFCA: A common complaint (pt1)
by Annie Kane • 12 Jul 2023
The Australian Financial Complaints Authority (AFCA) has been beset by controversy since launching in 2018, with many...
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Rental affordability under the spotlight
by • 11 Jul 2023
In response to the worsening rental crisis in Australia, a new Senate inquiry has been launched to address the issue of...
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ASIC levies to drop 43% this year
by Annie Kane • 29 Jun 2023
The cost of regulating credit intermediaries is expected to be $4.9 million this year, according to ASIC, 43 per cent...
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CSLR finally passes Parliament
by Annie Kane • 26 Jun 2023
Legislation for the Compensation Scheme of Last Resort (CSLR) has passed, with the scheme expected to be operational...
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