Regulation

Financial institutions will be able to offer a new form of personal advice, following a move by the government to create a new breed of ‘qualified advisers’.

Recent reforms in South Australia’s residential tenancy laws will implement specific grounds for terminating or declining to renew a tenancy.

The prudential regulator has decided to maintain the mortgage serviceability buffer at 3 per cent.

This week, legislation to create the federal government’s shared equity scheme for home ownership will be introduced to Parliament.

Investigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with findings not expected until next year.

Despite facing challenges such as sticky inflation and lag effects of monetary policy, the Treasurer has declared Australia’s economic position as positive.

The regulator has opened consultation to the banking association’s proposed changes to its code.

The state’s change would see home insurance become up to 15 per cent cheaper, helping those amid a cost-of-living crisis.

The Tasmanian government has unveiled its inaugural 20-year housing strategy, designed to tackle homelessness and expand home ownership opportunities across the state.

The Assistant Treasurer has highlighted the vital role of banks in combating sophisticated scams impacting Australians.