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The Australian Competition and Consumer Commission will push ahead to support the planned Open Banking trial from July, despite the fact that the bill setting out consumer data rights has lapsed. read more

Financial services companies have been put on notice to start reviewing their products to determine how they will operate under new design and distribution obligations and ASIC's product intervention.. read more

Small business lender Axsesstoday has gone into voluntary administration after senior lenders told the company they were not prepared to support it with ongoing waivers of breaches of loan terms. read more

ANZ has outsourced the investment administration for its ANZ Private clients, appointing platform operator Netwealth as preferred vendor. read more

With SWIFT putting the international payments community on notice that it will stop supporting some of its messaging standards in 2025, the Payments System Board has told the local industry that migra.. read more

Mortgage aggregator AFG has increased the size of its latest issue of residential mortgage-backed securities and is paying a margin of 83 basis points on the A1 notes. read more

Consumers will have better access to the financial ombudsman following the Government's introduction of regulations that require financial service providers to co-operate with the dispute body. read more

The government got a fair number of financial services reform bills passed last week, going some way to implementing its agenda before the election is called. A couple with superannuation themes won't.. read more

A bill permitting mutual entities registered under the Corporations Act to issue equity capital without risking their mutual structure or status was passed into law yesterday, giving the mutual bankin.. read more

Consumer lender SocietyOne is hoping to widen its funding base, with the launch of a managed fund that will pay interest on a portfolio of loans. read more