Regulation

The Fair Work Ombudsman has launched a civil lawsuit against CBA and CommSec, for allegedly failing to pay workers a collective $16.4 million.

The benefits of supporting stability via lending restrictions could outweigh the resulting costs to competition among the banks, the Reserve Bank has said.

Calming down the Australian property market will require pre-emptive but delicate action from the regulators, an executive director from Connective has said.

Residential real estate is now estimated to be worth over a record $9 trillion, just five months after reaching $8 trillion in value, according to CoreLogic.

First home buyers could be hit the hardest by the latest round of credit tightening by APRA, according to some in the housing industry.

More than 50,000 people have signed up for the government’s home-ownership schemes for first home buyers and single parents, since they commenced last year.

The New Zealand central bank has decided to push up its cash rate and to unwind monetary stimulus, as it considers the country’s “unsustainable” house prices.

The prudential regulator is increasing the minimum interest rate buffer it expects banks to use in serviceability of home loans.

Home buyers using realestate.com.au may soon be able to generate a “financial passport” to help them understand their borrowing capacity, as part of a new partnership with Frollo.

Regulators would look to avoid a “sharp crackdown” on lending at a time when monetary and fiscal policy are aimed at bolstering the economy, according to an economist.