The ABA is calling on governments across Australia to establish consistent power of attorney laws across the country and a national POA register.
April 7, 2021The government will guarantee up to 80 percent of the loans under the scheme, while also increasing the loan limit and allowing larger businesses to also benefit.
March 12, 2021No customer is going to wake up the day after 31 March and find that there is some legal action being taken by their bank on their loan, said ABA CEO Anna Bligh.
February 22, 2021The framework sets out ten principles to inform the policymaking process and catalyse the transition to a more sustainable and inclusive low-carbon economy.
February 19, 2021The ABA suggests that ASIC be charged with supervising fee structures of debt management firms to further protect consumers, among other recommendations.
February 17, 2021Banks will have to report expanded information about the credit history of their customers to credit agencies, paving the way for more competition in the lending market.
February 8, 2021The changes extend the Covid-19 Special Note for six months to September 2021, and amend definitions to bring more small businesses into scope.
January 11, 2021The Royal Commission recommended that reference checks be required for individuals seeking to be employed or authorised as a financial adviser or mortgage broker.
November 19, 2020The package includes reforms to strengthen consumer protections, including by making industry codes enforceable and enhancing FIs' breach reporting requirements.
November 16, 2020The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.
October 15, 2020