Regulation

Westpac is set to have its risk capital add-on reduced by $500 million after positive progress to improve risk governance, culture and risk management.

ASIC has permanently banned a former Sydney-based mortgage broker following convictions of fraud.

The Assistant Treasurer has met with the broking industry association to discuss further action around the subject of “unfair clawbacks”.

The upcoming ANZ-Suncorp merger has been given a date following the proclamation of Queensland legislation.

As of 1 July, the commercial and industrial property tax (CIPT) reforms are in effect across Victoria. These changes will make things easier for those looking to invest.

To ensure guarantors better understand their obligations, the association has updated the Banking Code of Practice.

A new bill that would solidify housing as a human right in Australia has been introduced to Parliament.

To encourage more buyers into the market, the territory government has increased the maximum income threshold to be eligible for stamp duty concession.

To encourage more buyers into newly built apartments and units, the Tasmanian government has introduced a new stamp duty concession.

Law partner Craig Green and more than 150 staff will demerge from Gadens Brisbane, which is withdrawing from retail mortgage processing.