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Compliance
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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MFAA backs AFCA’s early triage scheme
by Annie Kane • 20 Jun 2023
The broker association has backed a proposal that would grant the financial complaints body “discretion” to close a...
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Rent freezes and rent caps must be put to rest: REIA
by Reporter • 13 Jun 2023
The Real Estate Institute of Australia (REIA) is urging an end to the prolonged speculation surrounding rent freezes,...
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Broking industry welcomes move to regulate BNPL
by Annie Kane • 23 May 2023
Several members of the mortgage broking industry have welcomed the news that the buy now, pay later sector is set to be...
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AI could increase competition in the banking sector
by • 23 May 2023
While artificial intelligence threatens routine jobs, it could also spark increased competition in the banking sector,...
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AMP hit with $24m penalty
by Reporter • 19 May 2023
AMP Life and AMP Financial Planning have been issued a $24 million penalty for charging deceased customers.
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New complaints power must be ‘measured’, say associations
by Annie Kane • 19 May 2023
Careful consideration should be given to how consumer advocacy groups can complain to the ACCC, broking associations...
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Consumer advocacy groups to be able to complain to ACCC
by Annie Kane • 18 May 2023
From mid-2024, consumer and small-business advocates will be able to lodge complaints relating to “systemic consumer...
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ASIC sues Money3 for alleged responsible lending breaches
by Annie Kane • 17 May 2023
The financial services regulator has commenced civil penalty proceedings in the Federal Court against a car loan...
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ATO to crack down on false property claims
by • 16 May 2023
The ATO will sharpen its focus on rental deductions and capital gains tax next financial year, putting millions of...
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