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Compliance
NSW government pushed for details on proposed property tax
by Jotham Lian • 14 Apr 2021
The NSW government’s plan to replace stamp duty with an annual property tax could result in purchaser uncertainty,...
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‘Great unknown’ of how AFCA will view BID
by Annie Kane • 31 Mar 2021
The way AFCA treats broker complaints brought under the new best interests duty remains the “great unknown” until a...
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ACCC clears the way for NAB’s 86 400 acquisition
by Annie Kane • 30 Mar 2021
The competition watchdog has said that it will not oppose the proposed acquisition of neobank 86 400 by National...
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Small business review service made permanent
by Malavika Santhebennur • 29 Mar 2021
The ATO has announced that its independent review service for tax disputes will be available permanently to eligible...
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ASIC to enforce BID under proposed RLO changes
by Malavika Santhebennur • 26 Mar 2021
ASIC has said that it will be responsible for administering and enforcing broker BID rules if and when the responsible...
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HIA calls for stamp duty abolition
by Annie Kane • 22 Mar 2021
The Housing Industry Association has called for the abolition of the “inefficient, inequitable and unreliable tax”,...
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Third-party originated loans rise 28%: APRA
by Annie Kane • 17 Mar 2021
More than $69 billion of new residential loans at the banks were originated by the third-party channel in the December...
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RLO repeal would reduce ‘policy creep’: CAFBA
by Annie Kane • 16 Mar 2021
As politicians debate the bill to repeal responsible lending, CAFBA has said that repealing the obligations would help...
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‘Strong reservations’ with ASIC’s ‘overreaching’: FBAA
by Annie Kane • 15 Mar 2021
While welcoming the Senate committee’s position on removing RLOs and extending BID, the managing director of the FBAA...
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Two-fifths of COVID-19 AFCA complaints about credit
by Annie Kane • 11 Mar 2021
Forty-one per cent of COVID-19 complaints lodged with the complaints authority related to credit, with the majority of...
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