Treasurer Josh Frydenberg is moving to implement some of the Hayne royal commission recommendations for mortgage brokers, targeting best-interest duties and bonus commissions.
News
RBA's August minutes forecast long period of low interest rates
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22 August 2019
The latest minutes from the RBA’s August meeting show the central bank expects a long period of record-low interest rates while the economy continues to weaken and the global economy suffers through trade wars.
Melbourne property market is gaining momentum
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21 August 2019
Dwellings that have been hanging around on the market for months have started to sell indicating the downturn has finally ended.
Westpac announces improvements to loan policies
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16 August 2019
In the wake of their big legal win against ASIC this week, Westpac has announced its plan to improve its loan policies.
APRA has closed the deal on lending serviceability floor changes
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15 August 2019
The nation's financial regulator has moved forward with its plans to scrap the 7 per cent floor for mortgage serviceability assessments.