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Regulation

APRA confirms bank branch closure trend

More than 400 bank branches closed across Australia in the year to 30 June 2023, despite three of the four major banks halting closures amid a regional inquiry.

Court rules on ANZ’s alleged $2.5bn disclosure failure

The Federal Court has handed down its judgment in an ASIC case that alleged ANZ breached its continuous disclosure obligations by failing to inform the market about $750 million given to ...

Credit advice ‘pretty much sorted’: Assistant Treasurer

Mortgage advice is “pretty much sorted”, the Assistant Treasurer and Financial Services Minister Stephen Jones has said, flagging the “decent service” of brokers.

CBA unveils new house value forecast for 2023

The major bank has told its shareholders that home values are expected to continue lifting into next year.

‘Nothing to lose’ as the referendum nears: Albanese

As the Voice to Parliament referendum approaches, renewed calls for its passage have highlighted its potential to bridge the housing gap for Indigenous Australians.

Banking code committee to launch inquiry into financial difficulty

The banking code committee is set to launch an inquiry into financial difficulties as higher interest rates pinch borrowers.

Bank branches 'critical' for home finance, inquiry hears

A customer-owned bank has informed the regional banking committee that the majority of its customers rely on face-to-face services for home lending.

Banking code questioned in regional banking inquiry

A Senate inquiry has questioned how the ‘voluntary’ banking code of conduct is supporting regional communities amid bank branch closures.

NSW government unveils housing targets

As part of the state’s budget, the NSW government will boost housing supply, expedite planning regulations, and construct more affordable housing.

AMP CEO appointed to FSC board

The Financial Services Council has appointed two chief executives to its board.

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