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The bank will have to pay a $10 million penalty for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties.

It has been recommended that the government’s Help to Buy Scheme bill passes, but dissenters argue the policy is akin to “shuffling deck chairs as the Titanic sinks”.

Employment levels have shown a slight drop during March.

The banking group has announced non-executive director Samantha Martin-Williams as its new incoming chair.

The non-major bank has confirmed the first phase of its digital mortgages roll-out is set to begin later this year.

The Queensland government has passed new legislation through the Parliament to fast-track affordable housing development.

Major bank economists have anticipated inflation to drop to its slowest pace since December 2021.

The non-bank lender has announced increased loan sizes across its flagship lending product.

Despite the increase in March, the level of new home sales was still well below previous quarters, HIA’s senior economist has said.

The ATO is urging super professionals to watch for potential illegal access to super schemes.

The regulator’s chief executive is due to step down from his role as ASIC enters the “next phase of its transformation”.

The NSW government has said it may look to increase taxes on foreign investors in the same week it confirmed that property owners would be tapped to pay for the state’s emergency services

An increased number of SMEs have fallen into insolvency as growing land taxes have forced landlords to increase rent.

The Supreme Court of NSW has ruled on the application of payroll tax to certain brokers, setting a precedent that could reverberate throughout the industry.

More homes may be built in Canterbury-Bankstown, Lake Macquarie, and the Central Coast after six more stations were volunteered for residential development.