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Making news this week (ending 15 July)

Making news this week, Labor won’t budge on repealing responsible lending laws, flood support extended and expanded for NSW residents, BOQ pays more than $130K for CDR breaches and housing tipped as the key driver of incoming inflation.

Labor ‘won’t be revisiting RLOs’: Assistant Treasurer 

Labor was “gob-smacked” with proposals to repeal responsible lending obligations, with Stephen Jones MP saying the Albanese government will not be revisiting the matter.

Government flood support expanded 

As large parts of NSW have been hit by heavy rains in the past week, the federal and state government's have extended its Disaster Recovery Payment to include an additional eight local government areas (LGA), taking the total number of disaster-declared LGAs to 37.


Planning failures deepening the flood crisis: ABC reveals 

In the wake of the recent flood disaster that has struck the eastern parts of NSW, a Four Corners episode on the ABC on Monday (11 July) revealed what actions government agencies are taking to ensure the future of Australian homes is protected.

BOQ pays $133,200 for CDR breach 

The Australian Competition and Consumer Commission (ACCC) has confirmed that the Bank of Queensland (BOQ) has now paid a penalty of $133,200 in response to the infringement notice that was issued to it for allegedly breaching the Consumer Data Right (CDR) Rules.

Housing key driver of incoming inflation: ANZ 

The bank has tipped inflation to have increased over this year’s second quarter, naming housing as a major contributor to the bump.

Making news this week (ending 15 July)

Latest News

While the central bank went hard on its third consecutive 50-bp hike – without considering another option – the August minutes reveal it...

The state’s Premier has said residents impacted by this year’s floods will be offered buy-backs and land swaps, however no date has been...

Australia’s regional homes are following trends observed in capital cities, with prices dropping by 20 bps over the three months to July. ...


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