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The Senate Economics Legislation Committee has split along party lines in its report on a bill to largely remove responsible lending rules from the National Consumer Credit Protection Act. read more

The government’s revised SME loan guarantee scheme is “overly focused on business survival rather than business recovery” says CPA Australia. read more

The government will close its Offshore Banking Unit regime to new entrants and will end the concessional tax rates available under the scheme at the end of the 2022/23 financial year. read more

The government is revamping its SME Loan Guarantee Scheme in the hope of getting a better take-up of the little-used A$40 billion program. read more

Resimac group treasurer Andrew Marsden says “deal economics” in the residential mortgage-backed securities market have improved considerably since last year, with the lender paying a weighted average.. read more

Global payments company Visa may have engaged in anti-competitive conduct in the Australian card payments market through its dealings with large merchants. read more

Financial services companies will be responsible for reporting serious compliance concerns about financial advisers and mortgage brokers, under new breach reporting regulations. read more

According to CreditorWatch’s latest Business Risk Review, ASIC data and its own proprietary information show a 61 per cent jump in external administrations in February, compared with the previous mont.. read more

APRA will release a prudential practice guide on the management of climate-related financial risks in the next few months read more

Consumer lender Plenti has entered the buy now pay later market, launching an interest-free finance offering for the purchase of household renewable energy technology. read more