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Compliance

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. READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

Economist fears the central bank could tip Australia into recession

by Kyle Robbins • 16 May 2023
Following the central bank’s shock decision to lift the cash rate at its May meeting, one financial expert has warned... READ MORE

REIQ calls on investors for rental reform campaign

by Adrian Suljanovic • 15 May 2023
REIQ has urged property investors and managers to join a campaign to convince the Queensland government to reconsider... READ MORE

Predatory lending and high-cost credit in ASIC’s sights

by Annie Kane • 11 May 2023
Lender misconduct, predatory lending, and high-cost credit are being targeted by the financial services regulator over... READ MORE

Budget geared to ‘build more supply’, Treasurer pledges 

by • 9 May 2023
Among a swathe of cost-of-living measures, the federal budget released today (9 May) is expected to help boost housing... READ MORE

CDR action initiation would benefit brokers, FBAA tells Senate

by Annie Kane • 27 Apr 2023
Expanding the Consumer Data Right to give brokers ‘action initiation’ privileges would benefit mortgage borrowers,... READ MORE