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Inbound tourism helps Australia expand its trade surplus in April
Australia’s international trade surplus expanded again in April with a positive trade balance of nearly $10.5 billion for the month...
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New housing loan commitments slumps in April
The value of new housing loan commitments fell 6.4 per cent to $31 billion in April 2022 – down 7.3 per cent for owner-occupier...
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Franklin Templeton: Australian interest rate expectations are too aggressive
The Australian financial market’s interest rate expectations of a cash rate peak of more than 3 per cent in the current monetary...
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Australians remarkably better off than before COVID-19 hit
Aussies boosted “rainy day” funds by almost 50 per cent during COVID-19 in expectation of economic shocks, according to new...
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ASIC releases updated ePayments Code
The Australian Securities and Investments Commission (ASIC) has updated the ePayments Code to improve and clarify some of its...
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Consumers need more education and more confidence in green finance
Around 60 per cent of consumers want their bank to become more sustainable, yet many don’t understand what green finance means and...
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RBNZ lifts restrictions on banks’ dividend payments
The Reserve Bank of New Zealand’s restrictions on registered trading banks’ dividend payments will be removed from 1 July 2022 – as...
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Consumers slow to find out their credit scores
While most consumers generally believe that knowing their credit score is absolutely critical to improving their finances, most had...
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AFCA details its new, user-pays funding model
Most financial firms will pay the same or less to the Australian Financial Complaints Authority (AFCA) under a new, user-pays...
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APRA worries about repayment shock as rates rise
We are now entering a very different environment than has existed for much of the past decade, APRA chair Wayne Byres warned...
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ACCC puts finance sector on notice
The Australian Competition and Consumer Commission’s (ACCC) chair Gina Cass-Gottlieb yesterday put those in the financial services...
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Super giants in the making
Australia may have at least two super funds – AustralianSuper and Australian Retirement Trust (ART) – with over $1 trillion in...
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