SMSF borrowing in the spotlight again

The Tax Office has stepped up its monitoring of property development arrangements involving self-managed super funds, saying it is concerned that such arrangements may be inappropriate. And it is payi.. read more

Regulators regroup

Banks and other authorised deposit-taking institutions will have to report to APRA and publicly disclose the nature and terms of any repayment deferrals and the volume of loans to which they are appli.. read more

Healy follows Baird out NAB door

NAB has lost its second senior executive since new chief executive Ross McEwan joined the bank. Chief customer officer - business and private banking, Anthony Healy, is leaving after 10 years at the b.. read more

CBA cuts everything but the SVR

The recent pattern is home loan rate cuts from three, usually four, big banks on the day the RBA lowers the cash rate. Then cuts to business rates. Then a final and coordinated round of interest rate.. read more

APRA provides capital relief

Bank capital is a new policy lever, and APRA has given banks approval to use their capital buffers to fund lending, to help support the economy. read more

Corporate refinancing risk looms

Australian corporate bond spreads have risen by an average of about 40 per cent, or 33 basis points, over the past three weeks, prompting Macquarie Securities to caution that credit markets could be d.. read more

Committee green lights AML/CTF amendments

A Senate committee has recommended amendments to anti-money laundering and counter-terrorism financing legislation to allow financial institutions to use third parties for customer identification and.. read more