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ASIC has released a guide to internal dispute data collection and reporting ahead of the introduction of compulsory reporting next year. read more

Commonwealth Bank’s latest changes to its fixed home loan rates include an increase of 90 basis points to its two-year interest-only investor rate.  read more

Credit bureau Equifax has identified an increase in the mortgage arrears rates of construction industry small business owners and sole traders, which may be an indicator of a downturn in the sector. read more

Zip closed its share purchase plan yesterday, raising A$23.9 million – less than half what it hoped to raise under the plan. read more

Macquarie Securities has downgraded Bank of Queensland from “outperform” to “neutral”, saying it has less capacity to benefit from rising rates than other banks. read more

Heartland Group is continuing its expansion in Australia through the acquisition of specialist finance businesses, with its latest move the purchase of livestock financier StockCo Holdings. read more

The Australian Office of Financial Management has approved a A$65 million investment by the Australian Business Securitisation Fund in a Prospa warehouse. read more

Demand for residential mortgage-backed securities from Australian issuers is holding up, despite concerns that rising interest rates could trigger higher arrears and default rates in mortgage portfoli.. read more

Australia’s household net wealth grew by 4.5 per cent in the December quarter, reaching a total of A$14.7 trillion and a record $56,541 per capita. Chasing that wealth was $54.4 billion of new househo.. read more

The financial counselling sector has welcomed a funding package of more than A$10 million in the Budget, describing it as “transformational” and a “milestone”. read more