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BNPL to be part of credit regulation overhaul
The government would soon start consultations on how to improve the regulation of credit, including buy now pay later (BNPL)...
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New code will require telcos to block SMS scams
The Australian Communications and Media Authority (ACMA) will require telcos to identify, trace and block SMS scams through a code...
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Australia to get its first Islamic bank
Australia’s first-ever Islamic Bank has been authorised overnight as a restricted authorised deposit-taking institution by the...
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Natalie Cameron becomes AFCA’s Lead Ombudsman for banking and finance
The Australian Financial Complaints Authority (AFCA) has appointed Natalie Cameron as its new Lead Ombudsman for banking and...
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Housing and rental affordability declines
Housing and rental affordability have fallen across Australia as limited stock levels, inflation and interest rate rises continue...
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Currencycloud granted an AFS licence
Foreign exchange group Currencycloud, a subsidiary of Visa, has been granted an Australian Financial Services (AFS) licence by the...
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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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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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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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