Regulation

Laughably inaccurate reports in the AFR have reignited the discussion around the real consequences of misleading and uninformed commentary on broker remuneration.

The regulator has revealed it has “no such plans” to introduce new regulations to combat risks presented by AI.

The regulator has warned lenders that it will take enforcement action if they do not improve their financial hardship assistance services.

The Leader of the Opposition has said that the housing crisis has gotten worse under the Labor government.

The Senate economics committee has called for an increase in the maximum superannuation withdrawal cap for first home buyers.

The Federal Court has dismissed charges filed against the major bank by AUSTRAC.

The regulator has granted the big four major banks to develop an assurance acquisition program for aggregators.

Sam White, the executive chairman of LMG, has suggested that responsible lending laws should be streamlined as open banking rolls through the mortgages space.

The bank will have to pay a $10 million penalty for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties.

The Queensland government has passed new legislation through the Parliament to fast-track affordable housing development.