Home downsizer eligibility extended

An amendment to the Income Tax Assessment Act lowering the age of people eligible to make home downsizer contributions has passed the House of Representatives. read more

CDR moves to action initiation

The government took a big step in the development of the Consumer Data Right yesterday, releasing a draft bill to introduce action initiation into the system. read more

Mutual mergers approved

Treasurer Jim Chalmers has approved two proposed mergers of mutuals – Heritage Bank with People’s Choice Credit Union, and Greater Bank with Newcastle Permanent Building Society. read more

Queensland mandates e-conveyancing

Queensland is following the lead of Victoria, New South Wales, Western Australia and South Australia in mandating e-conveyancing for land title transactions. read more

Opening up CDR for business

The government is amending the Consumer Data Right rules to expand the service from one largely designed for consumers to encourage businesses to participate. read more

RBA unhappy with take-up of least cost routing

The Reserve Bank has told payment providers that they need to do more to promote the availability of least cost routing for merchants and it has flagged that it will take further action to support LCR.. read more