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Compliance

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

ASIC sues Sydney businesses for alleged unlicensed lending

by Reporter • 24 Sep 2024
A south-west Sydney car dealership is being sued for allegedly providing unlicensed car loans to consumers, which had... READ MORE

Senate approves inquiry into CSLR and Dixon collapse

by Reporter • 18 Sep 2024
A Senate inquiry will probe the collapse of Dixon Advisory and its impact on the Compensation Scheme of Last Resort. READ MORE