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Company directors will have a unique director identification number as a way of tracking them, under new anti-phoenixing law passed in the current sitting of the Australian Parliament. read more

Reduce Home Loans has cut the standard variable rate on its Super Saver Variable to 2.19 per cent, which comparison site Canstar says is a new benchmark for the mortgage market. read more

The structure many retail investors use for investment in corporate is flawed and exposes them to high risk, says Fixed income researcher BondAdviser. read more

BNK Banking Corp has lost its chief financial officer, less than a month after the bank’s chief executive resigned, writes JOHN KAVANAGH. read more

Tilting the balance back to five blokes and five women, Simon Moutter, the former managing director of telco Spark New Zealand, is joining the Commonwealth Bank board. read more

Payment terminal operator Smartpay has received clearance from the New Zealand Commerce Commission for the sale of its NZ business to the US payments company Verifone. The company says it hopes regula.. read more

Home lenders are offering lower rates on loans with low loan-to-valuation ratios, as part of move to reduce risk in their mortgage portfolios. read more

The government has introduced its new law that will require businesses and government enterprises with annual income of $100 million to report on payments terms for their small business suppliers. read more

Reduced demand from borrowers and tighter lending criteria saw new lending fall sharply in April. read more

Borrowers are taking advantage of low interest rates to salt away funds in mortgage offset accounts faster than ever. The offset buffer is now close to 10 per cent of total mortgage outstandings. read more