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COG Financial Services shareholders meet on Wednesday to vote on a capital reconstruction that has been designed to “make its share price more appealing to a wider range of investors”. read more

A planned change to the message standard for international funds transfers will have implications for international funds transfer instruction reporting to Austrac, the financial intelligence agency h.. read more

Shoppers who want to make use of online retailers’ accommodative return policies by buying multiple items and then sending back the ones that don’t fit or don’t suit are using buy now pay later servic.. read more

Australian household wealth hit a record high in the March quarter, rising 4.3 per cent to A$12.6 trillion. Wealth per capita also rose to a record high of $492,055. read more

Commonwealth Bank has re-entered the small business receivables finance market, launching what it calls a “fully digitised working capital solution” that offers credit on unpaid customer invoices. read more

Three months after pricing its biggest ever issue of asset-backed securities, humm group was back in the securitisation market this week raising $260 million. read more

In a setback for ASIC, the Federal Court has dismissed an application by the conduct regulator alleging breaches of consumer credit provisions by Cigno Pty Ltd and BHF Solutions. read more

A bill establishing the Financial Regulatory Assessment Authority passed the Parliament this week and work to set it up may start as early as next week. read more

Commonwealth Bank expects to add around A$400 million to its common equity tier 1 capital ratio, a nine basis point increase, from the sale of CommInsure General Insurance. read more

Thorn Group’s major shareholder, Bermuda-based investment company Somers Ltd, has launched an offer for all the Thorn shares it does not already own, in an opportunistic move that values the troubled.. read more