Regulation

The MFAA has described recent industry discussions around ASIC’s best interests duty (BID) review as coming at a “critical time” for brokers, as the regulator continues to review compliance ...

Brokers have been warned that Payday Superannuation reforms could reduce SME borrowing power by as much as 15 per cent.

A growing demand for the Small Business Debt Helpline is underscoring mounting financial pressure on business owners, with Australian Tax Office debt accounting for the majority of issues.

The MFAA is putting mortgage and finance brokers on notice to review their digital footprints and advertising compliance, as ‘finfluencer’ crackdowns continue.

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.