Economy

A bill designed to enshrine whistleblower protections for the reporting of misconduct in the corporate, financial, and credit sectors has passed both houses of parliament.  

Home loan delinquencies have increased nationwide, with mortgages more than 90 days in arrears rising to a record high, according to new data from Standard & Poor’s.

Bendigo Bank has partnered with Swinburne University of Technology to open a new Community Bank and use its profits to “enhance” educational opportunities and community development.

The property industry’s united opposition to Labor’s housing policy has been voiced in Canberra, while proponents of the housing reforms renew their push for the changes.

The decline in home values across Sydney and Melbourne has been “large by historical standards” and unreflective of a low mortgage rate environment, the RBA has said.

The banking royal commission has not spurred a deterioration in satisfaction among customers of Australian banks operating in New Zealand, according to new research.

ASIC is determined to flex its muscles, with a bill designed to enhance its enforcement powers one step closer to law. 

Treasurer Josh Frydenberg has told the banks and regulators that they will face an inquiry down the track to ensure they have lifted their game post-royal commission. 

A CEO has welcomed the introduction of legislation that would “remove a handbrake” that has held back customer-owned banks from competing more fiercely with the majors.

An economy-wide open data system is inching closer to reality following the introduction of the Consumer Data Right bill into Parliament.