ASIC moves to renew key technical relief and credit disclosure rules

Under the Legislation Act 2003, “legislative instruments are repealed, or ‘sunset’, after 10 years, unless ASIC acts to ...

First-home buyer boom as 5% scheme supercharges demand

First-home buyer activity has jumped sharply as borrowers move quickly to take advantage of changes to the federal government ...

Nuno Matos named ABA chair as banks sharpen customer focus

At the ABA’s Annual General Meeting in Melbourne, ING CEO Melanie Evans was also reappointed as deputy chair for a further ...

MA Money logs $500M in settlements in one month

The non-bank lender — a division of global alternative asset management firm MA Financial — surpassed more than $500 million ...

Non-banks confirmed as crucial competition in mortgage market

“The data confirms that non-bank lenders are well regulated and committed to responsible lending, consistently reporting low arrears rates, prudent lending standards, and strong support for customers ...

RACQ sells keys to retail banking arm to Bendigo

The latest player is Royal Automobile Club of Queensland (RACQ). On Thursday, the Queensland-based mutual revealed that it has sold its retail lending and deposit business to Bendigo Bank for an ...

NAB sharpens business banking push with new acquisition team

NAB is stepping up its push in business banking, targeting the medium and large business segments with a new specialist ...