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Regulation

Credit reporting framework review underway
6 August 2024

The government is currently in the midst of a review of Australia’s credit reporting framework. The MFAA has submitted its own recommendations in the hopes of making credit reporting more ...

Gold Coast’s ‘view tax’ isn’t sitting well with home owners
5 August 2024

A new form of taxation for Goldy residents isn’t too popular, with the move being dubbed “nonsensical”.

The broking industry reacts to the 3% buffer hold
30 July 2024

APRA has kept the mortgage serviceability buffer steady at 3 percentage points. Brokers are now weighing in on the decision, with some claiming the decision is a positive for consumers and ...

APRA reforms to ‘strengthen the ability of banks’
26 July 2024

APRA has finalised reforms to enhance banks’ liquidity and capital requirements, aiming to bolster their ability to handle future stress events.

APRA reduces Westpac’s risk capital
19 July 2024

Westpac is set to have its risk capital add-on reduced by $500 million after positive progress to improve risk governance, culture and risk management.

Former NSW broker cops permanent ban
18 July 2024

ASIC has permanently banned a former Sydney-based mortgage broker following convictions of fraud.

Minister and industry hold ‘groundbreaking’ clawback meeting
11 July 2024

The Assistant Treasurer has met with the broking industry association to discuss further action around the subject of “unfair clawbacks”.

Changes to legislation set forth ANZ-Suncorp merger
9 July 2024

The upcoming ANZ-Suncorp merger has been given a date following the proclamation of Queensland legislation.

What you need to know about the CIPT reforms
2 July 2024

As of 1 July, the commercial and industrial property tax (CIPT) reforms are in effect across Victoria. These changes will make things easier for those looking to invest.

New provisions for guarantors included in Banking Code update
28 June 2024

To ensure guarantors better understand their obligations, the association has updated the Banking Code of Practice.