OnDeck Australia, a subsidiary of US-listed online lender OnDeck Capital, has closed a A$75 million asset-backed revolving credit facility with Credit Suisse (USA). The new facility, scheduled to mature in June 2020, will be used to refinance OnDeck's current loan book and for future originations in the Australian online small business lending market. A revolving pool of small business loans will serve as collateral under the facility. OnDeck Australia will act as the servicer for its loans. OnDeck has also announced a similar funding arrangement of C$50 million with Crédit Agricole for the OnDeck Canada business, with half fully committed and half available at the discretion of the lenders. Aaron Skilton has been appointed CEO of NZ Home Loans (the broker franchising subsidiary of Kiwibank). Skilton, the former chief distribution officer at NZ Homes, has been acting CEO since the departure of Julian Travaglia earlier this year. Following its draft report slamming the superannuation industry, the Productivity Commission says it has had a much better response to its "second chance survey" from funds. Speaking at the Financial Services Council conference in Melbourne on Tuesday, deputy Commissioner Karen Chester said she was shocked by the patchy data on fund performance and also by the poor quality of the data held on fund members. She said the engagement from the industry following the draft report would inform an improved final report, but she stood by the so-called "best in show" recommendation that an expert panel should choose the top ten super funds every four years to be the default funds workers can choose from.