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Australia’s updated critical infrastructure regime came into effect this week, with amendments to the Security of Critical Infrastructure Act 2018 receiving royal assent, and banks and financial marke.. read more

Treasury has rejected criticism of the Australian Business Securitisation Fund that it is “crowding out” other investors and funding at subsidised rates, saying the fund has appropriate processes in p.. read more

Private equity investor FinCap Australia has acquired a substantial shareholding in buy now pay later minnow Payright, investing A$5.5 million via a share placement and convertible note. read more

Companies producing financial reports using IFRS standards will be required to disclose any significant sustainability-linked risks in their value chain, which will include lenders and other sources o.. read more

Pepper Money is expanding its presence in the asset finance market, with the acquisition of broker Stratton Finance. read more

Payments company Novatti and accounting software provider Reckon have done a deal to integrate Novatti payment processing into Reckon’s products. read more

New housing finance commitments fell 3.7 per cent in February, compared with the previous month, according to the latest Australian Bureau of Statistics lending data. read more

ANZ has commenced its merchant acquiring joint venture with French payments company Worldline, which the bank hopes will give its business customers access to “best in class” payment technology. read more

ING Bank (Australia) signed up 47,000 new customers in 2021, taking its active account numbers to more than two million, but it was not able to translate that increase into meaningful growth in lendin.. read more

NAB’s acquisition of Citigroup’s Australian consumer banking business moved one step closer to completion this week, when the Treasurer gave his approval for the deal. read more