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Fintech launches broking arm
9 November 2020
Fintech launches broking arm, appoints aggregator

An Australian fintech that aims to provide customers with an aggregated view of the cost of their banking has branched out into mortgage broking.

Cash rate won’t rise for 3 years: RBA
5 November 2020
Cash rate won’t rise for 3 years: RBA

The governor of the Reserve Bank of Australia has revealed that the cash rate is not expected to increase until 2023, at the earliest.

Job concerns still rife in financial services
5 November 2020
Job concerns still rife in financial services

While the Australian economy has begun to slowly recover from the impacts of the COVID-19 pandemic, a significant majority of financial services professionals are still concerned about their ...

Treasury details JobMaker rules, eliminates sole traders
5 November 2020
https://docs.google.com/document/d/1i1tCyThJolAnmIQGPNcTrFcqWYS7W0H0je7DNOj0r20/edit?usp=sharing

The Treasury has released draft rules for the JobMaker hiring credit, defining in detail the eligibility criteria and exclusions that apply for the duration of the scheme, as well as ...

RBA makes Melbourne Cup rate move
3 November 2020
RBA makes Melbourne Cup rate move

The Reserve Bank has announced its cash rate decision for the month of November, moving in line with market expectations.

RBA makes Melbourne Cup rate call
3 November 2020
RBA makes Melbourne Cup rate call

The Reserve Bank has announced its cash rate decision for the month of November, going against market expectation.

Mortgage data now included in open banking
3 November 2020
Mortgage data now included in open banking

Customers of the four major banks can now share their home loan and mortgage offset data to accredited recipients under a new stage of the Consumer Data Right.

Loan deferral exits pick up pace
3 November 2020
Borrowers exiting deferrals pick up pace

The pace of borrowers exiting repayment deferrals has increased significantly over September, with just 6.7 per cent of all loans still impacted, according to APRA data.

Inflation ticks above market expectations
29 October 2020
Inflation ticks above market expectations

The consumer price index has risen above market expectations over the September quarter, ahead of expected monetary policy easing from the Reserve Bank.

Shipton 'steps aside' over relocation expenses
23 October 2020
Shipton resigns over relocation expenses

The chairman of the financial services regulator has "stepped aside" from his position, effective immediately.