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Regulation

Lenders need to do better on financial hardship assistance: ASIC

The regulator has warned lenders that it will take enforcement action if they do not improve their financial hardship assistance services.

Dutton hits back at Labor’s housing plans

The Leader of the Opposition has said that the housing crisis has gotten worse under the Labor government.

Senate committee recommends raised super withdrawal cap

The Senate economics committee has called for an increase in the maximum superannuation withdrawal cap for first home buyers.

AUSTRAC class action against CBA dismissed

The Federal Court has dismissed charges filed against the major bank by AUSTRAC.

Majors allowed to jointly arrange aggregator assurance reviews

The regulator has granted the big four major banks to develop an assurance acquisition program for aggregators.

Open banking an opportunity to review lending laws: Sam White

Sam White, the executive chairman of LMG, has suggested that responsible lending laws should be streamlined as open banking rolls through the mortgages space.

Macquarie to pay $10m penalty for ineffective controls

The bank will have to pay a $10 million penalty for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties.

Miles government passes new housing legislation

The Queensland government has passed new legislation through the Parliament to fast-track affordable housing development.

ATO issues warning about illegal early access to super

The ATO is urging super professionals to watch for potential illegal access to super schemes.

ASIC CEO to depart

The regulator’s chief executive is due to step down from his role as ASIC enters the “next phase of its transformation”.

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