Regulation

Brokers have hailed the South Australian government’s decision to abolish stamp duty for over-60s looking to downsize as a “step in the right direction” for housing supply.

A home buyer has narrowly avoided losing $100,000 to a scammer impersonating his solicitor, with a bank worker acting quickly to stop the payment.

Industry groups have warned that cuts to capital gains tax discounts or negative gearing could dampen investor activity, constrain supply, and add further pressure to the rental market.

Consumers have been warned that scammers are posing as brokers and financial service providers in a new wave of personal loan scams.

While recent reports of large-scale fraud have raised concerns about a surge in misconduct, aggregator Connective says its data tells a different story.

Three people involved in promoting “interest-free mortgages” have received a combined sentence of more than 13 years’ imprisonment after being convicted of dishonesty offences.

Mortgage brokers are being urged to strengthen documentation and verification processes as regulators examine a potential $1 billion mortgage fraud issue involving the Commonwealth Bank of ...

Brokers have commented on the renewed speculation that the federal government could revisit negative gearing, after reports suggested Treasury is modelling options to curb the tax concession

Australian SMEs are under increasing financial pressure, with Payday Super reforms tightening already thin cash flows and exposing preparedness gaps, according to new research from Prospa ...

Pepper Money has become the first non-bank lender to be approved as a member of the Australian Finance Industry Association’s Finance Industry Code of Practice.