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