Regulation

Senate to hold regional banking inquiry
10 February 2023

A parliamentary inquiry to examine the impacts of regional bank closures on communities has passed through the federal Senate.

Openpay collapses as creditors chase debt
10 February 2023

An Australian buy now, pay later business has called in administrators after announcing it would cease to offer new credit products.

APRA’s 2023 priorities about ‘embedding’ regulatory reforms
3 February 2023

The prudential regulator has fewer policy priorities this year as it prioritises bedding down regulatory reforms to ensure entities can manage risks and challenges in the upcoming ...

APRA appoints 4 to executive team
2 February 2023

The prudential regulator has announced four new executive appointments as well as changes to the structure and responsibilities of its executive team.

Consultation for sweeping payments reforms closes
2 February 2023

Public consultation for the federal government’s payment systems reforms to ‘modernise’ the financial system closes on 7 February.

‘We will renovate the Reserve Bank’: Chalmers 
2 February 2023

The federal Treasurer has advocated the renovation of the central bank and overhaul of markets in his new essay, “Capitalism after the crises”.

Robodebt royal commission unearths mortgage impact
31 January 2023

The royal commission has urged those impacted by ‘Robodebt’ to lodge submissions before the 3 February final deadline.

Call for full BNPL regulation gains more supporters
30 January 2023

The Australian Retail Credit Association and the University of Sydney have joined the chorus of those calling for the buy now, pay later sector to be fully regulated.

‘Genuinely hopeful’: Voice will lead to better housing policies
27 January 2023

As a referendum on the Voice to Parliament fast approaches, the Australian Unity Bank believes more Indigenous representation in Parliament will lead to better outcomes.

General Commercial and Eden Capital fined $50k each
25 January 2023

Home finance providers General Commercial Group Pty Ltd and Eden Capital have both been ordered to pay $50,000 for failing to co-operate with AFCA.