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Compliance

Final orders handed down in Loan Market payroll tax case

by Annie Kane • 6 Nov 2024
The aggregator’s protracted payroll tax case has reached a conclusion, with final orders being handed down. READ MORE

AFCA complaints hit new record in FY24

by Annie Kane • 28 Oct 2024
The financial complaints body received more than 100,000 complaints in a financial year for the first time, setting a... READ MORE

APRA defends 3 per cent buffer, flags that exceptions are available

by Annie Kane • 25 Oct 2024
The prudential regulator has told the Senate inquiry that it believes the 3 per cent buffer is appropriate, but... READ MORE

ASIC unconvinced easing RLOs would increase ‘affordable credit’

by Annie Kane • 24 Oct 2024
An ASIC commissioner has cast doubt on suggestions that easing responsible lending obligations would make credit more... READ MORE

ABA backs ‘conversations’ on changing buffers

by Annie Kane • 24 Oct 2024
The banking industry association has told the Senate home ownership inquiry it believes APRA’s 3 per cent... READ MORE

Industry rails against broker remuneration review calls

by Annie Kane • 22 Oct 2024
The mortgage broker associations have defended the industry after a Senate committee was urged to review broker... READ MORE

Mortgage rules hurting first home buyers: Senator Bragg

by Annie Kane • 21 Oct 2024
Prudential regulation has “swung too far in favour of risk aversion”, senator Andrew Bragg has said following the... READ MORE

MFAA sets out 8 recommendations to Senate home ownership inquiry

by Annie Kane • 2 Oct 2024
The industry association has suggested government change financial regulation, simplify home ownership schemes,... READ MORE

Government extends responsible lending exemption for SME finance

by Annie Kane • 1 Oct 2024
The Albanese government has extended the RLO exemption for business finance for another two years. READ MORE

ASIC begins cancelling credit licences following CSLR payments

by Annie Kane • 25 Sep 2024
The financial services regulator has, for the first time, cancelled credit licences of companies following the payment... READ MORE