Mandatory breach reporting amendment passes House of Representatives 18 June 2013 4:42PM An amendment to the Privacy Act, which will make reporting of serious data breaches mandatory, was passed in the House of Representatives and is now headed for the Senate. read more
Vulnerable households on the rise 17 June 2013 5:07PM The proportion of households that are heavily indebted grew over the period from 2002 to 2010, increasing their vulnerability, and hence that of the broader economy, to an economic downturn. read more
Cards overtaking cash 17 June 2013 5:03PM Card scheme operators believe Australian consumers have passed an important milestone in the transition from the use of cash to cards. read more
Sharp rise in households with negative equity 14 June 2013 4:28PM The number of Australian households with mortgage debt that exceeds the value of their home has risen substantially over the past decade. read more
Suncorp gets the bad debt monkey off its back 14 June 2013 4:26PM Suncorp will take another six to 12 months to complete the run-off of loans in its non-core banking portfolio, following the sale of A$1.6 billion of the portfolio to Goldman Sachs Group. read more
Availability of credit not a concern for business 14 June 2013 4:22PM The availability of credit is a bigger concern for business than it was a year ago but not much of a concern in the overall scheme of things. read more
ASIC refines rule on small business' access to EDR 14 June 2013 4:20PM The Australian Securities and Investments Commission has changed its rules covering small business' access to external dispute resolution services. read more
CUA returns to the RMBS market 13 June 2013 4:09PM CUA has made a successful return to the residential mortgage-backed securities market after an absence of three years. read more
Positive signs for credit card market 13 June 2013 4:01PM Credit card numbers are starting to look positive. Reserve Bank data shows account numbers rising steadily, the value of cash advances and purchases picking up, and credit limits growing too. read more
Housing finance activity returns to trend 12 June 2013 4:22PM After a spike up in March, housing finance activity returned to more normal levels in April. read more