Economy

Aug 9 2018

The total compensation bill for fees-for-no-service breaches in the financial sector could blow out to more than $850 million, Australia’s corporate regulator has revealed.

Aug 9 2018

Reserve Bank governor Philip Lowe has said the central bank will be keeping a close eye on developments in credit and housing market conditions amid a sharp monthly decline in housing ...

Aug 9 2018

Out-of-cycle rate rises are expected to continue, this time from the big four banks, according the majority of respondents to a new survey.

Aug 7 2018

The Reserve Bank of Australia has announced its cash rate determination for the month of August.

Aug 7 2018

Members of the finance and mortgage industry have voiced concern and frustration that they may have to pay two separate EDR membership fees this year, despite the ombudsman services merging ...

Aug 7 2018

Increasing housing supply could improve affordability for first home buyers, according to the majority of respondents to a recent survey.

Aug 7 2018

The NSW Premier is being called on to recognise that the state is facing a homelessness crisis that should be given the same urgency as a natural disaster.

Aug 6 2018

The Productivity Commission has recommended that the Australian Competition and Consumer Commission be given an explicit mandate to monitor competition in the financial system.

Aug 6 2018

The big four banks have been sharply criticised for “exploiting” their market power to the “detriment” of consumers in a new report by the Productivity Commission.