Regulation

The corporate regulator has commenced civil proceedings in the Federal Court against credit assistance provider General Commercial Group and lender Eden Capital.

The prudential regulator has launched a week-long consultation on its regulatory approach for banks offering temporary financial assistance to borrowers impacted by COVID-19.

ASIC has commenced a civil lawsuit against six AMP companies, alleging they charged fees-for-no-service on corporate superannuation accounts.

The financial services regulator has released examples of how the incoming rules for add-on insurance will work for CCI, among other credit insurances.

The major bank has said that it is committed to the sale of its Pacific businesses despite a competition regulator knocking back their proposed acquisition.

The federal opposition has pledged that it will maintain the government’s existing regimes for negative gearing and capital gains tax, ahead of the next election.

Home ownership costs jumped by 130 per cent over two generations, with Gen X spending a quarter of their income servicing their loan, according to research.

APRA has intended to change the definition of long-term interest-only home loans following industry feedback to proposed changes to its ADI capital framework.

Axing stamp duty would lead to more efficient use of Australia’s housing stock and reduce volatility for state and territory revenue, according to a report by the National Housing Finance ...

The regulator has published its draft standards for internal dispute resolution reporting, which will be tested in a pilot across the financial industry in coming months.