Minister wants approved industry codes

Assistant Treasurer Stuart Robert has made it clear that the government wants to see industry bodies in the financial services sector apply to have their codes of practice approved by the Australian S.. read more

SMSF borrowing reprieved

The SMSF leverage data is worrying, worse than when David Murray reported.The policy decision - LRBA stays within SMSFs - is one motivated by the worry over the credit slowdown. Josh Frydenberg is the.. read more

Cashwerkz adds at-call accounts

Online term deposit marketplace Cashwerkz has launched an at-call savings account option. At launch, the service offers account options from three authorised deposit-taking institutions. read more

ME picks up share in a slowing market

ME Bank chief executive Jamie McPhee says the government made the right call when it decided not to proceed with its plan to prohibit trail commissions on broker mortgage sales. read more

NPP clocks up $11bn in spending

There were around 13 million payments in January, with a value of A$11 billion, using the New Payments Platform, according to Reserve Bank data. read more