Regulation

The government will move to reform the payments regulation system for the first time in 25 years, which could introduce new rules for buy now, pay later providers.

The National Housing Finance and Investment Corporation (NHFIC) will explore potential housing supply solutions across NSW with the state government’s land and property development group

The government will roll over more than 4,500 unused grants from the Home Guarantee Scheme, giving aspiring first home buyers a second chance.

ASIC has commenced a civil lawsuit against ANZ, over failure to provide loan benefits promised with offset transaction accounts or its Breakfree package.

The share of new lending with high debt-to-income ratios rose in the September quarter, the prudential regulator has noted.

The International Monetary Fund (IMF) has reaffirmed its calls for Australia to watch its lending standards and to reform its housing supply and tax policies.

APRA has revoked 86 400 Ltd’s authorised deposit-taking institution licence after the neobank handed it back.

The cash rate for the last month of 2021 has been confirmed, as analysts continue to speculate on when it will move next.

The federal Treasurer has expressed concerns at the housing market running hot, but he is not sure if APRA will take further lending interventions.

A number of banks see their legally enforceable industry code of practice as a “regulatory burden”, an independent review has found.