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Australia’s new Buy Now Pay Later Code of Practice fails in its aim of raising industry standards in a number of ways, according to a review of the code. read more

Almost a year after announcing plans for the product, Rent.com.au has finally put funding arrangements in place to support the launch of RentPay, a rental payment management and funding package. read more

For some time now, the Reserve Bank has been telling issuers in the capital markets that the one-month bank bill swap rate is not as robust or liquid as other BBSW tenors, and alternative benchmarks s.. read more

humm group has securitised a portfolio of receivables originated by its flexicommercial division, upsizing the transaction from A$300 million to $450 million to meet demand. read more

APRA will impose stricter requirements on applicants for authorised deposit-taking institution licences, in the wake of one neobank, Xinja, handing back its licence and another, 86 400, selling out to.. read more

Reductions in deposit rates in 2020 will continue to flow through to banks’ overall funding costs this year. read more

If the Reserve Bank has learned any lessons from the successes and failures of various fiscal and monetary policy measures to support small business during the pandemic, it is not sharing them with th.. read more

The ATO warns merchants using point of sale terminals that it is on the lookout for businesses using “electronic sales suppression tools” to manipulate records and under-report sales. read more

According to Choice, there have been 31,000 complaints to AFCA about credit products since the end of the Hayne royal commission hearings (based on an analysis of AFCA data covering November 2018 to D.. read more

Westpac has been cleared of any breaches of the Banking Act and the Banking Executive Accountability Regime in relation to its breaches of anti-money laundering and counter-terrorism financing rules. read more