82

Resimac Group is pushing ahead with its plan to diversify its business beyond mortgages and into asset finance, with the announcement yesterday that it will acquire a stake in equipment finance compan.. read more

There was a big drop in the proportion of chief executives who got a pay rise over the past year, as Australian companies paid heed to the reputational risk of giving their executives and directors sa.. read more

Westpac is up for another $87 million in remediation costs after acknowledging that financial planners working for its advice businesses may have failed to notify them of corporate actions relating to.. read more

Nine Entertainment Co has been penalised and will make remediation payments after the Australian Competition and Consumer Commission issued 12 infringement notices alleging that the company charged su.. read more

The banking industry has responded to criticism that its retail banking remuneration practices were too closely linked to sales outcomes, and payments tied to sales are now rare in the industry. read more

Lenders raised fixed home loan rates in June, continuing the trend of the past couple of months. read more

JobKeeper, access to superannuation and other COVID-19 support measures had a significant impact on household financial stress levels last year. read more

Debt management companies, long the bane of consumer groups and financial counsellors, face a new world of regulation as the new financial year starts. read more

With the start of the new financial year comes a significant change to the definition of “consumer” in the Australian Consumer Law and the ASIC Act, which will increase consumers’ ability to rely on c.. read more

Australia’s open banking system moves to an important new stage of its development on Thursday, when non-major ADIs join the big banks in making their consumer data available to consumers and their ac.. read more