regulation

RBA reveals March rate decision

by Sarah Simpkins • 1 Mar 2022

The Reserve Bank has revealed its latest cash rate call, as the majority of mortgage brokers have tipped there will be...READ MORE

‘What the hell happened?’: ASIC charge per broker triples

by Sarah Simpkins • 25 Feb 2022

ASIC has been urged to review its industry levy calculation and estimates process, after aggregators have been hit with... READ MORE

Economy and broker remuneration top industry’s election concerns

by Sarah Simpkins • 21 Feb 2022

The economy is a primary voting consideration for the mortgage lending industry, a new election poll has revealed, with... READ MORE

RBA reveals 1st rate decision for 2022

by Sarah Simpkins • 1 Feb 2022

The first cash rate decision for 2022 has been confirmed, with the Reserve Bank making the call amid rising inflation... READ MORE

Tasmania rolls out granny flat grants

by Sarah Simpkins • 19 Jan 2022

The state’s government has thrown support behind the construction of granny flats, presenting the program as a way to... READ MORE

Broker feedback wanted on ‘complex’ financial services legislation

by Sarah Simpkins • 17 Jan 2022

The Australian Law Reform Commission has sought opinions from brokers on how to simplify a tangled web of laws... READ MORE

SA unveils housing construction stimulus

by Sarah Simpkins • 14 Jan 2022

The South Australian government has launched its Housing Construction Stimulus Package, with an aim to keep boosting... READ MORE

Guide released on giving brokers CDR data

by Annie Kane • 6 Jan 2022

The OAIC has released new guidance explaining the key privacy obligations relating to how CDR disclosures should be... READ MORE

Former Suncorp exec joins AFCA board

by reporter • 6 Jan 2022

The former chief executive of insurance at Suncorp has commenced a three-year tenure as a board member of the financial... READ MORE

Industry in ‘incredibly strong position’ ahead of rem review

by Annie Kane • 5 Jan 2022

The MFAA has said the industry is in an “incredibly” and “exceptionally” strong position ahead of the broker... READ MORE

Financial Services and Credit Panel granted statutory powers

by Annie Kane • 23 Dec 2021

The Financial Services and Credit Panel is set to be given new powers, commencing 1 January... READ MORE

Government to reissue unused first home buyer grants

by Sarah Simpkins • 9 Dec 2021

The government will roll over more than 4,500 unused guarantees for first home buyers from the previous financial year,... READ MORE

RBA makes December cash rate call

by Sarah Simpkins • 7 Dec 2021

The Reserve Bank has declared its last cash rate decision for 2021, as analysts continue to speculate on when a rise... READ MORE

Bill to expand First Home Super Saver Scheme delayed

by reporter • 7 Dec 2021

With the final sitting day of Parliament over, the bill expanding the voluntary contributions under the First Home... READ MORE

94% of broker clients unconcerned with broker remuneration

by Annie Kane • 6 Dec 2021

The vast majority of broker clients are not concerned with brokers receiving commissions, and less than a third would... READ MORE

ASIC demands review into ANZ home loan referrals

by Sarah Simpkins • 29 Nov 2021

Under a new lawsuit against ANZ, ASIC has sought a probe into the major bank’s current home loan customer referral... READ MORE

Treasury urges for greater transparency from AFCA

by • 26 Nov 2021

A government review into the complaints authority has noted a need for transparency in its public reporting and... READ MORE

AFG signs up for open banking platform

by Sarah Simpkins • 24 Nov 2021

AFG has teamed with a fintech to allow customers to share their financial and banking data with the group’s... READ MORE

Victorian FHB grants rise by 29.4%

by Sarah Simpkins • 23 Nov 2021

The Victorian state government has dished out almost 30 per cent more grants to first home buyers year-on-year.

1/4 of Australians considering buying property with...

by • 23 Nov 2021

A quarter of Australians are pondering whether to co-invest with their parents or friends, according to new data... READ MORE

SME lending ‘desperately needs better regulation’, says lender

by • 22 Nov 2021

Tradeplus24 is calling for better invoice lending regulation or a self-regulated code of conduct after suggesting... READ MORE

ASIC sues group over behaviour against debtors

by • 19 Nov 2021

The financial services regulator has taken a debt negotiator to court over allegations of misleading, threatening and... READ MORE

New draft regulatory guide released on consumer remediation

by Annie Kane • 17 Nov 2021

Credit licensees are being asked to respond to ASIC’s new regulatory guide on how they should conduct remediations... READ MORE

FBAA calls on brokers to heed COVID-19 directions

by Annie Kane • 15 Nov 2021

The broker association is encouraging brokers to familiarise themselves with COVID-19 regulations and government... READ MORE

AFCA extends pre-expulsion appeal deadline

by Annie Kane • 12 Nov 2021

Brokers will have an extra week to appeal their pre-expulsion notice or resolve their accounts before formal action is... READ MORE

Brokers face $1.3m rise in ASIC levies

by Sarah Simpkins • 12 Nov 2021

ASIC has estimated it will recover $8.1 million in costs through industry levies from the credit intermediary sector,... READ MORE

Victorians spend $2bn as state reopens

by • 10 Nov 2021

More than $2 billion was spent by Victorians on retail, hospitality and accommodation in the first week... READ MORE

ASIC outlines ramifications of AFCA expulsion

by Annie Kane • 9 Nov 2021

With one day left for affected brokers to appeal AFCA pre-expulsion notices, ASIC has confirmed to The Adviser what... READ MORE

NSW Premier presses on with stamp duty scrap

by Juliet Helmke • 9 Nov 2021

NSW Premier Dominic Perrottet has insisted he will continue to chip away at stamp duty, despite the state Treasurer... READ MORE

Deadline for AFCA expulsion appeals looms

by Annie Kane • 8 Nov 2021

Brokers seeking to appeal their AFCA pre-expulsion notices will need to do so by Wednesday afternoon (10 November) or... READ MORE