Treasury

• John Kavanagh

Failure by successive governments to expand the coverage of the country’s anti-money laundering and counter-terrorism financing regime to cover non-financial businesses has earned Australia a poor rep.. read more

• John Kavanagh

The treasurer introduced a bill into Parliament yesterday that includes tougher regulation of financial market licensees and requirements for climate-related financial reporting. read more

• John Kavanagh

Providers of low cost credit contracts, including buy now pay later companies, will have to hold a credit licence and comply with modified responsible lending obligations under proposed changes to the.. read more

• John Kavanagh

While the financial services industry waits for Treasury to complete its review of screen scraping, a lender has weighed into the debate saying consumer data available through the Consumer Data Right.. read more

• John Kavanagh

Consumer groups and community legal centres are pushing for liability for reimbursement to be included in the scam regulatory framework currently being developed by the government. read more

• George Lekakis

Finance companies such as Latitude Financial and Humm that rely on partnerships with retailers to originate much of their lending have the most to lose if the laws currently exempting retailers from h.. read more

• John Kavanagh

Treasurer Jim Chalmers has followed up the release of draft legislation in October that expands the regulatory coverage of the payments system, with the release last week of a consultation paper that.. read more

• John Kavanagh

The government has ruled out investment in nuclear energy in its new green bond program, which will focus on renewable energy, energy efficiency (including home upgrades) and climate change adaptation.. read more

• John Kavanagh

Proposed changes to payments system legislation will expand regulatory coverage to ensure all entities that play a role in payments are covered, as well as giving the government greater flexibility to.. read more

• John Kavanagh

A makeover of the First Home Super Saver Scheme, designed to make it more attractive to people saving for a mortgage deposit, was passed into law yesterday. read more

• John Kavanagh

The government has started working on improvements to the Consumer Data Right, as it seeks to simplify the rules and improve the consumer experience. read more

• John Kavanagh

A Treasury discussion paper on options for regulating screen scraping makes clear that, in a period of heightened concern about online scams and fraud, the controversial data sharing technology will n.. read more

• John Kavanagh

The Australian Business Securitisation Fund will receive its final funding tranche of A$500 million on July 1, taking the balance of its investment account to $2 billion. Little of it has been investe.. read more

Australia will move to so-called tranche 2 reform of its anti-money laundering and counter-terrorism financing regime, if proposals detailed in a consultation paper released by Attorney-General Mark D.. read more

• John Kavanagh

The Australian government will introduce a sovereign green bond program as a way of giving investors access to projects involved in the country’s net zero transition. read more

• Ian Rogers

Michele Bullock and Ian Harper took to the mics in Melbourne yesterday, and Harper delivered intel and insight on Reserve Bank of Australia machinations.   read more

• Ian Rogers

There’s always a kit bag of revenue initiatives around at this stage of the budget cycle and plenty will be needed this time. It’s obvious that a hike in the bank levy should be one of them. read more

• John Kavanagh

The protected earnings amount that will apply to all consumers taking out small amount credit contracts and consumer leases under new credit law has been set at 10 per cent of net income. read more

• John Kavanagh

The government is almost certain to extend coverage of the National Consumer Credit Protection Act to buy now pay later providers if it follows the consensus view of the submissions to its consultatio.. read more

• John Kavanagh

The Government took its first step towards regulation of the crypto market on Friday, when Treasury released a consultation paper outlining its plan “token mapping” the system. read more