Economy

ASIC has been warned against applying a prescriptive approach to its responsible lending guidance, which both the ABA and COBA have claimed would reduce competition in the mortgage market.

The prudential regulator has announced that it would include additional data in its banking statistics publication. 

Sluggish economic growth, increasing competition and rising risk costs have ­created a “perfect storm” for the Asia-Pacific banking industry, and consolidation may be the way for banks to ...

More than $1 billion has been contributed by pensioners into their superannuation funds under the “downsizer contribution” initiative that aims to build retirement incomes and free up ...

The administration of the $6.6 billion Farm Management Deposit Scheme “has not been fully effective”, the ANAO has said after completing its audit.

State governments have been urged to rethink their approach to property taxation, with new research fueling claims that stamp duty is an “unreliable source of revenue”.  

About one in three Australians is “embarrassed” by their financial situation and habits, according to a new report.

The central bank has not ruled out further adjustments to the cash rate, with a third cut forecast for as early as August. 

Apartment approval growth in May ended a two-month run of steep declines in total building approvals, according to new ABS data. 

A correlation between attitudes towards immigration and house prices has been discovered by Deakin University.