Regulation

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.

The prudential regulator has announced regulatory relief for ADIs that are offering temporary measures to customers impacted by lockdowns.

A big four bank has said that it will extend its freeze on foreclosures if customers are unable to meet their home loan repayments.

There was no consultation on expanding the design and distribution obligations to home loans and other consumer credit products, a banking group has said.

The government has released exposure draft legislation aiming to implement seven further recommendations from the banking royal commission.