The Federal Government wants to axe new responsible lending laws amid the COVID economic downturn but it might have a tough time getting it through the Senate.
News
NSW plan to phase out stamp duty garnering widespread support
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18 November 2020
New South Wales has announced plans to phase out stamp duty and it’s getting support from both sides of politics, as well as the Reserve Bank governor.
Economic confidence on the rise as Australia moves out of recession
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13 November 2020
The Australian economy is showing good bounce as it starts to move out of its COVID-affected recession.
Federal Government considers expanding best interests duty for mortgage brokers
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12 November 2020
The federal government is looking at extending best interest duty to all credit assistance providers, not just mortgage brokers.
Small lenders quick to pass on RBA's latest rate cut
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06 November 2020
Smaller lenders have been quick to immediately pass on the RBA’s interest rate cut to customers but the big four weren’t so trigger-happy.
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