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Compliance

MyBudget scrambles for AFS licence after ASIC probe

MyBudget scrambles for AFS licence after ASIC probe
by Sarah Simpkins • 20 Jul 2021
Personal budgeting provider MyBudget had never held an Australian financial services (AFS) licence and was not... READ MORE
AMP dodges criminal charges in fees-for-no-service investigation

AMP dodges criminal charges in fees-for-no-service investigation
by Sarah Simpkins • 19 Jul 2021
The regulator declared on Friday (16 July) that it would be taking no further action, after investigating suspected... READ MORE
Government releases new compensation legislation for consultation

Government releases new compensation legislation for consultation
by Annie Kane • 16 Jul 2021
The government has released for consultation new draft legislation to implement recommendations of the banking,... READ MORE
Debt management ACL regime begins

Debt management ACL regime begins
by Malavika Santhebennur • 7 Jul 2021
From 1 July 2021, debt management service providers (including firms offering “debt negotiation” or “credit... READ MORE
RBA delivers first rate decision for FY21-22

RBA delivers first rate decision for FY21-22
by Malavika Santhebennur • 6 Jul 2021
The Reserve Bank of Australia (RBA) has held the official cash rate at the current record low of 0.10 per cent amid... READ MORE
‘Responsible lending’ issues among top consumer complaints

‘Responsible lending’ issues among top consumer complaints
by Annie Kane • 6 Jul 2021
The Australian Financial Complaints Authority (AFCA) has released a preliminary data “snapshot” of complaints... READ MORE
Valuation fluctuation: The rise and fall of property values

Valuation fluctuation: The rise and fall of property values
by Annie Kane • 1 Jul 2021
When the pandemic hit and borders closed, it seemed that the nation as a whole started looking at their direct... READ MORE
Non-majors in the spotlight

Non-majors in the spotlight
by Annie Kane • 1 Jul 2021
If there was ever a year for a lender to ensure they were at the top of their game, it was FY21. The last financial... READ MORE
Qld real estate body calls for stamp duty reform

Qld real estate body calls for stamp duty reform
by Malavika Santhebennur • 21 Jun 2021
The Queensland government released its 2021-22 budget recently, in which it announced various measures for housing... READ MORE
Calls for NSW property tax to play a role in HEM

Calls for NSW property tax to play a role in HEM
by Malavika Santhebennur • 17 Jun 2021
In November 2020, the NSW government launched a public consultation as part of the NSW 2020-21 budget on enabling... READ MORE
Vic government adds $8.4m to support for businesses

Vic government adds $8.4m to support for businesses
by Sarah Simpkins • 10 Jun 2021
On Wednesday (9 June), the Victorian government declared that lockdown restrictions in Melbourne will ease from... READ MORE
Lending standards haven’t eased: RBA

Lending standards haven’t eased: RBA
by Sarah Simpkins • 4 Jun 2021
The Reserve Bank of Australia (RBA) has been monitoring both the housing and mortgage markets, working with APRA to... READ MORE
business grants package

Vic government launches $250.7m business grants package
by Sarah Simpkins • 1 Jun 2021
The $250.7 million Circuit Breaker Business Support Package will be allocated to up to 90,000 Victorian businesses... READ MORE
‘The bill is done’: Jacqui Lambie on RLO repeal

‘The bill is done’: Jacqui Lambie on RLO repeal
by Malavika Santhebennur • 28 May 2021
The federal government revealed its consumer credit reform plans in September 2020, including scrapping responsible... READ MORE
Vic opposition vows to scrap stamp duty

Vic opposition vows to scrap stamp duty
by Malavika Santhebennur • 27 May 2021
The Liberal Nationals Party has committed to abolishing the stamp duty tax increase on the family home if it is... READ MORE
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