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Economy

Banks welcome increased capital requirements

The banking sector has broadly welcomed APRA’s move to increase capital restrictions on five of Australia’s biggest banks, noting that a healthy banking sector is crucial for a healthy ...

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ACCC seeks credit reporting transparency

The Australian Competition and Consumer Commission (ACCC) is seeking to improve the supply of consumer credit information between lenders and credit reporting bodies.

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Investors making more use of tax break: BMT

Property investors are using tax depreciation in higher numbers and more quickly than ever before, new data suggests.

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APRA forces its hand to cool housing market

Australia’s biggest banks have been forced to restrict their mortgage lending, in a move that could have big implications for the third-party channel.

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Govt to back export of financial services

Exporting financial services to the burgeoning Asian middle class will assure Australia's future prosperity, argues federal Treasurer Joe Hockey.

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Reserve Bank reopens debate on SMSF borrowing

The Reserve Bank has reiterated to the government that it supports limiting the scope for leverage in superannuation funds since it may increase “vulnerabilities” in the financial system

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Business confidence continues to rise

Business confidence in Australia has risen for the second month in a row, despite risks and volatility in the global economy.

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APRA warns of housing market risks

Australia’s prudential banking regulator has said it may be forced to act after warning of “heightened levels of risk” in the housing market.

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Recent 'panic' selling reminiscent of GFC

A stretch of uncertainty in global investment markets could see volatility become the 'new normal', an Australian academic claims.

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RBA says 'case for reviewing negative gearing' exists

The Reserve Bank is open to a negative gearing review after revealing that an increasing number of investors are using the contentious tax concession.

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