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APRA gets $59m boost, reappoints Byres

The government has committed $58.7 million to “strengthen” APRA’s enforcement powers after the regulator was criti...READ MORE
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Melbourne Cup nearly halves consumer spending

Consumer spending falls by 42 per cent during the Melbourne Cup race, according to data from Commonwealth Bank. READ MORE
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ACCC chair reappointed until 2022

The federal government has announced that the ACCC’s Rod Sims will maintain his chairmanship for another four years. ...READ MORE
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AMP Bank cuts fees for ‘simplicity’

The bank has announced that it is removing or reducing 20 fees across its deposit and lending products. READ MORE
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CGT hike counterintuitive to housing affordability: HIA

Increasing capital gains tax on rental homes will ultimately drive up house prices and “exacerbate” the nation’s a...READ MORE
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RateSetter to deliver CEFC loan scheme

The peer-to-peer lender has been commissioned to deliver the CEFC’s $100 million loan financing scheme in South Austra...READ MORE
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Emerging lender signs on to open banking API

Imminent lender 86 400 has signed an agreement with an open banking API specialist to power its platform. READ MORE
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$5.35m in super released to FHBs

More than $5 million in superannuation has been released to first home buyers under a scheme first announced in the 2017...READ MORE
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Demand for personal loans on the rise

Personal finance approvals have increased against the backdrop of declining housing, commercial and lease finance approv...READ MORE
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New directors join AMP super boards

The wealth manager has appointed two non-executive directors to its superannuation boards. READ MORE
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Bank CEOs to be probed in parliamentary hearings

Major bank chiefs will appear before a parliamentary committee to answer questions on recently released royal commission...READ MORE
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Pepper Group prices second RMBS issue of 2018

The non-bank lender has priced its second prime residential mortgage-backed securities (RMBS) transaction of 2018 at $60...READ MORE
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House prices to drop but ‘crash landing’ unlikely

House prices could fall by another 10 per cent and a “crash landing” remains a significant risk in the aftermath of ...READ MORE
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Former ABC chairman steps down from ME board

The outgoing chairman of the ABC has informed ME Bank that he will not be seeking re-election to the board in the next a...READ MORE
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Victoria dethroned as top choice for relocators

Interstate movers are increasingly selecting Queensland as their new home, according to new ABS data. READ MORE

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