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