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Compliance

MFAA calls for BNPL to be regulated

by Annie Kane • 23 Jan 2023
Buy now, pay later products are credit and should be regulated, the MFAA has outlined in its response to the... READ MORE

CEO of COSBOA announces resignation

by • 18 Jan 2023
Less than two years after taking the position, the chief executive of the Council of Small Business Organisations... READ MORE

NSW borrowers compare property tax costs amid new scheme

by • 17 Jan 2023
More than 55,000 Australians have used an online calculator to understand their options under the NSW First Home... READ MORE

Home Equity Access Scheme not a credit product: ASIC

by Annie Kane • 12 Jan 2023
The financial regulator has clarified that the government’s Home Equity Access Scheme is not considered a credit... READ MORE

Investors face tougher penalties for breaking foreign investment laws

by Adrian Suljanovic • 5 Jan 2023
As of 1 January 2023, investors who flout foreign investment laws for residential properties will be hit with double... READ MORE

Debt administrator cops fine for predatory actions

by • 29 Dec 2022
The Federal Court has ordered A&M Group to pay $650,000 after it was found to have engaged in misleading or... READ MORE

Deposit interception ‘a great way for a criminal to make money’,...

by James Mitchell • 23 Dec 2022
The shadow minister for cyber security Senator James Paterson has warned that the mortgage industry is becoming a... READ MORE

Lower ASIC levies a ‘welcome Christmas present’

by Annie Kane • 21 Dec 2022
The mortgage broker associations have welcomed the news that ASIC levies will be lower than forecast this year due to... READ MORE

ASIC industry costs $2.2m less than forecast

by Annie Kane • 19 Dec 2022
A total of $8.676 million will be charged to credit intermediaries to cover ASIC’s regulatory costs for the year,... READ MORE

Payments times review welcomed, ombudsman says

by • 13 Dec 2022
Treasury will examine how to get big business to pay their invoices in a “fair and reasonable” time, as... READ MORE