Regulation

Bank watchdog slams 40% rise in hardship safeguard breaches

The “alarming” surge in banks failing to support customers facing financial difficulties erodes trust and confidence...

18 December 2023 • By Christine Chen

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Regulation

Jones creates fee-free adviser category for banks, super funds

Government reforms aim for simple guidance at scale without “unnecessary red tape”.

07 December 2023 • By Philip King

Appointments

Accounting salaries outpace insurance, banking

Wages growth for tax professionals runs ahead of the national average and in some advertised finance jobs the pay has...

27 November 2023 • By Philip King

Regulation

Bank transfers to be name-checked in $100m anti-scam effort

The industry's Scam-Safe Accord will introduce payee confirmation technology and expand biometric checks and...

27 November 2023 • By Christine Chen

Companies

Commonwealth Bank

23 November 2023 • By [email protected]

Technology

Fintech start-up’s gig economy tax app enables open banking

The TaxLeopard software will integrate with any local bank account to capture money movements.

10 November 2023 • By Philip King

Business

ATO, banks revive legacy debts and return to court action

Many of the liabilities long predate the pandemic and the tax office is reviving companies to chase assets, Jirsch...

10 November 2023 • By Philip King

Technology

BGL partners with Skript to offer CDR open banking

The integration enables data feeds from any bank to flow straight into BGL’s SMSF systems.

24 October 2023 • By Philip King

Regulation

Accounting bodies oppose increase to bankruptcy threshold

A rise in the default figure to $20,000 will fail to alleviate cost-of-living pressures, say CPA Australia and CA ANZ.

12 October 2023 • By Miranda Brownlee

Business

Cash access vital ‘to resist agenda of banks, supermarkets’

Demand for the legal tender remains undiminished and many vulnerable people rely on it, lobby group says.

20 September 2023 • By Philip King

Technology

ATO, myGovID, banks, telecoms to rely more on facial recognition

Identity verification laws introduced this week will allow data matching systems to be developed by the...

15 September 2023 • By Philip King

Business

Bank lending to small business leaps 28% in FY2022–23

Total outstanding credit reaches almost $600bn with loans to small business up by one-third, the ABA says.

31 August 2023 • By Philip King

Regulation

‘Room for improvement’ on bank safeguards for guarantors

The Banking Code Compliance Committee gives the industry a pass mark on its 2021 recommendations but there is still...

28 August 2023 • By Philip King

Business

Cyber breaches cast long shadow over Optus, Medibank

Roy Morgan’s latest data on brand trust reveals the lingering impact of compromised customer information.

21 August 2023 • By Philip King

Regulation

Bankrupt lawyer with $4.7m tax debt ordered to pay $55k security

Migration specialist who moved to Romania in long-running case seeks appeal against payment ruling.

15 August 2023 • By Naomi Neilson

Appointments

Mackay Goodwin appoints bankruptcy division head

The firm’s director expects an uptick in insolvencies amid high interest rates and an ATO director crackdown.

09 August 2023 • By Christine Chen

Technology

Trust has become the only currency for banking apps

Customers want more bells and whistles on their mobile finance apps, but that comes with security implications.

30 June 2023 • By Pieter Danhieux

Business

How to raise capital without a trip to the bank

Small businesses might be getting the cold shoulder from traditional lenders, but there are other options worth...

21 April 2023 • By Angus Sedgwick