The review uncovered that around 770,000 customers were overcharged, prompting ASIC to order the banks to repay $60 million nationwide. That's on top of the $33 million the regulatory body ordered ...

The Australian Securities & Investments Commission (ASIC) is cracking down on the debt management and credit repair industry, and its underperforming operators. The regulatory body launched a review ...

While digital is now the dominant mode of banking, physical access remains part of the national infrastructure. Australia still maintains more bank branches per capita than many comparably urbanised ...

The Mortgage and Finance Association of Australia ( MFAA) has urged the federal government to implement comprehensive tax ...

Labour market conditions have also softened, with unemployment rising from 4.1% to 4.3% and job applications hitting record ...

Australia’s housing market reached a new peak in July, with national home prices rising 0.3% month-on-month and 4.9% higher ...

Australia’s construction pipeline got a boost in June as approvals for new dwellings climbed to 17,076 – an 11.9% rise from ...

Based on transactions processed by the Australian Tax Office (ATO) and deposited into CommBank small business customer ...

According to the commission, productivity in Queensland’s construction industry has declined by 9% since 2018 – a significant ...

MA Money, a non-bank mortgage lender, has ushered in “Prime Time,” significantly reducing rates across its Prime loan range ...