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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.
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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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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...
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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...
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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...
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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...
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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,...
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