Regulation

The Treasury has launched a consultation on professional indemnity insurance and its role in supporting the Compensation Scheme of Last Resort.

A business lender and loan introducer have been ordered to pay a combined $515,000 in penalties for having breached consumer credit laws.

A former RBA board member has been appointed as the Data Standards Chair for Digital ID and the Consumer Data Right.

A personal lender has been issued a stop order from the financial services regulator – the latest action the watchdog has taken in the small credit sector.

The CSLR bill for brokers will rise in the financial year 2027, according to new estimates, but remain nominal compared to the record-high costs for personal advice sector.

The financial complaints body has urged small businesses to be cautious when dealing with unregulated lenders.

The watchdog has warned of problematic sales tactics and a lack of oversight of brokers and dealers by auto finance lenders.

The opposition party has branded transfer duty as “inefficient” and pledged to phase it out by 2041.

Almost 50 per cent more first home buyers used the government’s deposit scheme in October compared to a year before, new figures show.

Treasury has laid out a two-year roadmap covering financial reforms.