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Regulation

CSLR warpath claims 3
10 October 2024

ASIC has cancelled three credit licences over the last few weeks following CSLR payments.

Broker associations voice anger over commissions tax grab
9 October 2024

Mortgage and finance broker associations have hit back at the long-discussed payroll tax, which could see NSW brokers fork out significant money, potentially jeopardising operations.

Is the foreign investor tax a win or loss for the property market?
8 October 2024

Strong opposition and calls for reform have ignited discussion on the foreign investor tax that makes it more costly for overseas investors to get a foothold in the Australian property ...

A win for consumer privacy with new credit reporting code
3 October 2024

The Office of the Australian Information Commissioner (OAIC) recently announced changes to credit reporting that will see increased protections surrounding credit information.

Major bank found to have breached continuous disclosure laws
2 October 2024

ANZ failed to rid itself of a finding it breached continuous disclosure laws during a 2015 bid to raise $2.5 billion.

RLO exemption extended until 2026
1 October 2024

The federal government has prolonged the COVID-19-era exemption for another two years.

SMEs cautioned against ‘too good to be true’ investment opportunities
1 October 2024

Almost 90 per cent of scams in the financial year 2024 targeted small businesses, with investment scams causing over half of reported losses.

How would abolishing negative gearing impact the property market?
30 September 2024

Concerns have been raised by members of the real estate and broking industry regarding the government’s considerations of scaling back or scrapping negative gearing.

Bank slapped with record fine
25 September 2024

A non-major bank has been hit with a record-high penalty.

HIA calls for ‘independent oversight board’ for APRA
25 September 2024

The association has urged the government to develop an “RBA-style” board to oversee the regulator to ensure target mortgage arrears of between 2 and 3 per cent.