Regulation

Non-bank lenders are now required to begin sharing product data under the Consumer Data Right, marking a new chapter in the expansion of Australia’s open banking regime.

The Finance Brokers Association of Australia has sought urgent clarification from AUSTRAC over whether recent anti-money laundering and counter-terrorism financing reforms apply to asset ...

The incoming ban on residential property borrowing through SMSFs could push more business owners towards commercial property and open a new avenue for the third-party channel, brokers have ...

A 45-day transition window on the government’s SMSF lending changes has sparked a rush of inquiries, with brokers flagging a scramble among borrowers trying to beat the deadline.

Banks could gain greater capacity to fund residential property developments under proposed changes from the Australian Prudential Regulation Authority, which would halve the qualifying ...

The financial services sector needs an immediate, co-ordinated action plan to tackle mortgage fraud, NAB has said, as it reveals it has already “exited” multiple players from its ecosystem

The Mortgage and Finance Association of Australia has called for greater certainty for brokers following the passage of the federal government’s housing tax reforms through both the Senate ...

Broking industry bodies have hit back at the government’s proposed ban on LRBAs for residential property by super funds.

A property developer has been charged over an alleged $10 million fraud scheme that saw investor funds spent on a pub, cryptocurrency, and an Aston Martin.

The upcoming Payday Super reforms could have an adverse impact on many businesses’ cash flows, National Australia Bank and brokers have warned.