Regulation

Aggregators would have ‘no choice’ but to pass on payroll tax to brokers
21 March 2025

The ongoing payroll tax debacle between aggregators, brokers, and Revenue NSW recently had some added clarity with a Parliament inquiry. Here, industry heads pleaded their case.

Industry heads argue consequences of payroll tax at Parliament inquiry
21 March 2025

Heads of industry have emphasised how the industry is “grappling with serious consequences” from the recent payroll tax legislation.

Super for house deposits could push prices up 10%
18 March 2025

The Coalition’s plans to boost home ownership by allowing access to superannuation for deposits have been praised by some and criticised by others. Recent research suggests house prices ...

Mutual banks ‘lack the necessary skills’ to deal with modern risk, says APRA
14 March 2025

A statement from the regulatory authority has questioned the ability of mutuals to manage risk amid an evolving sector.

‘Payday lenders’ come under ASIC’s watchful eye
13 March 2025

The commission released a statement highlighting concerns with small credit lenders after acting on multiple compliance breaches.

Boosted market share could result in further scrutiny for brokers
13 March 2025

The news that broker market share has hit 76 per cent is a welcome sight for the hard work the industry puts in. There are fears that this increased popularity could result in added ...

Coalition pledges to overhaul FIRB approvals process
13 March 2025

The Coalition will overhaul the Foreign Investment Review Board (FIRB) to make foreign investor approvals “faster, easier, and more predictable”, if the party is elected in the upcoming ...

ASIC updates student loan guidance for lenders
6 March 2025

The long-awaited regulation that will affect Aussies with student debt has been announced by the commission.

CDR expanded to non-banks
5 March 2025

The Assistant Treasurer has announced that the Consumer Data Right (CDR) system will now include non-bank lending products.

Updated Banking Code of Practice adds further protections for consumers
5 March 2025

In a bid to better protect customers, the Australian Banking Association (ABA) has announced an updated Code of Practice. Small businesses, guarantors, and vulnerable customers were key in ...