Insolvent trading rife among failed businesses 30 September 2014 3:09PM More than half of the external administrators' reports filed with the Australian Securities and Investment Commission during the 2013/14 financial year, detailing business insolvencies, included alleg.. read more
PPSA consultation paper calls for short-term leases to be exempt 30 September 2014 3:08PM The Review of the Personal Property Securities Act has released the first of a series of consultation papers, in which it calls for an amendment that would stop short-term leases being captured by the.. read more
Lessons for all lenders in ASIC's low doc review 30 September 2014 3:06PM A review of the lending practices of low doc lenders issued by the Australian Securities and Investments Commission last week includes a number of important findings applying to responsible lending ge.. read more
emerchants buys UK prepaid card company 29 September 2014 3:23PM Prepaid card supplier emerchants has acquired Store Financial Services UK Ltd, a UK-based "prepaid stored value program" company, in a deal worth A$24.9 million. read more
Higher housing debt load not straining budgets, RBA data shows 29 September 2014 3:22PM Households are taking on more housing debt relative to their incomes but low interest rates mean that repayments are not eating into income, according to the latest Reserve Bank household finance data.. read more
Dandenong credit rep banned 29 September 2014 3:19PM On Friday, ASIC cancelled the credit licence of Rosa Villella, the sole director of All Loans R Us Pty Ltd, for failing to comply with responsible lending obligations. read more
Household financial stress levels rising 26 September 2014 4:30PM Credit reporting agency Dun & Bradstreet has identified an increase in the number of consumers with adverse credit histories and has forecast a rise in consumer financial stress, meaning more peop.. read more
Sydney drops down the financial centre rankings 26 September 2014 4:27PM Sydney's ranking in the annual Global Financial Centre Index has fallen from fifteenth last year to 23 in the latest survey. read more
FOS modifies changes to terms of reference 25 September 2014 4:09PM After assessing stakeholder feedback the Financial Ombudsman Service has decided not to proceed with several proposed changes to its terms of reference. read more
ASX moves to clear up debt and hybrid 'alphabet soup' 25 September 2014 4:08PM With a growing number of corporate bonds being listed on the Australian Securities Exchange and modifications to the structures of debt and hybrid securities resulting from regulatory change, the ASX.. read more