Regulation

The US central bank has opted for its largest interest rate hike in almost 30 years, in an effort to squash surging inflation.

Three people have been charged with criminal breaches of directors’ duties, over “interest-free” mortgages offered by their unlicensed lender.

With inflation being critical to the Reserve Bank’s interest rate decisions, accountants have urged the government to increase the frequency of CPI reporting.

ASIC has launched a civil lawsuit against online personal lender Sunshine Loans, for allegedly collecting more than $320,000 in prohibited fees.

The New Zealand central bank has confirmed it has commenced its five-yearly review of its monetary policy remit.

Treasurer Jim Chalmers has acknowledged calls from economists for a foreign player to lead an independent review of the Reserve Bank.

ASIC is suing a big four bank over allegations that a “continuing problem” misleads customers as to available funds and balances.

The bank’s chief economist has responded to the RBA’s latest board meeting, maintaining that rates will lift by 40 bps next month.

A figure of 1,100 homes have been purchased under the Victorian Homebuyer Fund, according to new Andrews government figures.

The state’s latest budget will build on previous rebates for off-the-plan apartments as part of a drive to improve housing supply and affordability.