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Regulation

Major bank sued for overstating account balances
30 May 2022
Major bank sued for overstating account balances

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

Cash rate to more than double in June: Westpac
24 May 2022
Cash rate to more than double in June: Westpac

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

Victorian shared equity scheme reports lift in home buying
19 May 2022
Tim Pallas

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

WA commits to stamp duty rebate expansion
17 May 2022
WA commits to stamp duty rebate expansion

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.

APRA chair pings contingency plans needed
16 May 2022
APRA chair pings contingency plans needed

Following two years of considerable economic volatility, APRA chair Wayne Byres points towards an era of contingency and recovery planning.

Settlement scam claims $732k from WA victim
6 May 2022
Settlement scam claims $732k from WA victim

A home buyer has copped a hefty loss, after her email communications with her settlement agent were hacked last month.

Victoria confirms $40m housing injection
4 May 2022
Victoria confirms $40m housing injection

The state’s government has promised almost $40 million in reforms and projects in its latest budget to improve housing supply, prices and infrastructure.

NAB enters enforceable undertaking over anti-money laundering controls
2 May 2022
NAB enters enforceable undertaking over anti-money laundering controls

NAB has started calculating how much its enforceable undertaking will cost, after an AUSTRAC investigation found issues in the bank’s systems and controls.

Mortgage lending industry prefers Scott Morrison as PM
27 April 2022
Mortgage lending industry prefers Scott Morrison as PM

A Liberal-National Coalition led by Scott Morrison is the preferred outcome of the federal election, according to a new survey.

Westpac to cough up $113m over ASIC lawsuits
22 April 2022
Westpac to cough up $113m over ASIC lawsuits

The Federal Court has ordered Westpac to pay $40 million for charging dead customers financial advice fees, in the last of six lawsuits from the corporate cop.