Cash mandate an election ploy 19 November 2024 6:39AM Latest news Ian Rogers The federal government says it will mandate cash acceptance by a range of businesses. read more
Living with and loving inflation 15 November 2024 2:43PM Latest news Ian Rogers Learn to live with it. Get along with it. read more
De-banking crypto helps curb scam losses 29 April 2024 4:13AM Latest news Ian Rogers Efforts by banks, telcos and others to combat the scourge of scams are bearing fruit. The Targeting Scams report reveals a 13 per cent decline in reported scam losses to $2.7 billion over the year to.. read more
Australia's AML/CTF shortcomings called out once again 02 April 2024 3:37AM Latest news John Kavanagh Failure by successive governments to expand the coverage of the country’s anti-money laundering and counter-terrorism financing regime to cover non-financial businesses has earned Australia a poor rep.. read more
Government introduces financial market supervision, climate reporting reforms 28 March 2024 3:34AM Latest news John Kavanagh The treasurer introduced a bill into Parliament yesterday that includes tougher regulation of financial market licensees and requirements for climate-related financial reporting. read more
BNPL draft bill released 13 March 2024 5:16AM Latest news John Kavanagh Providers of low cost credit contracts, including buy now pay later companies, will have to hold a credit licence and comply with modified responsible lending obligations under proposed changes to the.. read more
CDR 'not a viable alternative' to screen scraping 06 March 2024 3:54AM Latest news John Kavanagh While the financial services industry waits for Treasury to complete its review of screen scraping, a lender has weighed into the debate saying consumer data available through the Consumer Data Right.. read more
Call for banks to be liable for scam losses 12 February 2024 4:50AM Latest news John Kavanagh Consumer groups and community legal centres are pushing for liability for reimbursement to be included in the scam regulatory framework currently being developed by the government. read more
Retailers and finance companies sweat over government review of credit licensing exemption 06 February 2024 4:36AM Latest news George Lekakis Finance companies such as Latitude Financial and Humm that rely on partnerships with retailers to originate much of their lending have the most to lose if the laws currently exempting retailers from h.. read more
New payments regulatory framework unveiled 11 December 2023 5:37AM Latest news John Kavanagh Treasurer Jim Chalmers has followed up the release of draft legislation in October that expands the regulatory coverage of the payments system, with the release last week of a consultation paper that.. read more
Green Bond Framework rules out nuclear energy 06 December 2023 5:28AM Latest news John Kavanagh The government has ruled out investment in nuclear energy in its new green bond program, which will focus on renewable energy, energy efficiency (including home upgrades) and climate change adaptation.. read more
Chalmers casts the payments regulatory net wide 13 October 2023 5:43AM Latest news John Kavanagh Proposed changes to payments system legislation will expand regulatory coverage to ensure all entities that play a role in payments are covered, as well as giving the government greater flexibility to.. read more
Super Saver Scheme changes passed 07 September 2023 5:39AM Latest news John Kavanagh A makeover of the First Home Super Saver Scheme, designed to make it more attractive to people saving for a mortgage deposit, was passed into law yesterday. read more
CDR enhancements get underway 05 September 2023 5:54AM Latest news John Kavanagh The government has started working on improvements to the Consumer Data Right, as it seeks to simplify the rules and improve the consumer experience. read more
Screen scraping to be reined in 31 August 2023 6:04AM Latest news John Kavanagh A Treasury discussion paper on options for regulating screen scraping makes clear that, in a period of heightened concern about online scams and fraud, the controversial data sharing technology will n.. read more
AOFM makes slow progress with its ABSF mandate 27 June 2023 12:59AM Latest news John Kavanagh The Australian Business Securitisation Fund will receive its final funding tranche of A$500 million on July 1, taking the balance of its investment account to $2 billion. Little of it has been investe.. read more
Attorney-General backs tranche 2 AML/CTF reforms 26 April 2023 4:47AM Latest news Australia will move to so-called tranche 2 reform of its anti-money laundering and counter-terrorism financing regime, if proposals detailed in a consultation paper released by Attorney-General Mark D.. read more
Government to issue green bonds, support development of green loans 24 April 2023 5:15AM Latest news John Kavanagh The Australian government will introduce a sovereign green bond program as a way of giving investors access to projects involved in the country’s net zero transition. read more
'A blacker budget': Harper 14 April 2023 5:47AM Latest news Ian Rogers Michele Bullock and Ian Harper took to the mics in Melbourne yesterday, and Harper delivered intel and insight on Reserve Bank of Australia machinations. read more
BANK TAX WEEK 27 March 2023 5:54AM Latest news Ian Rogers There’s always a kit bag of revenue initiatives around at this stage of the budget cycle and plenty will be needed this time. It’s obvious that a hike in the bank levy should be one of them. read more