News

In 2020-21, individual consumers and small businesses made 70,510 complaints to AFCA. Overall, complaints were down 12 per cent on 2019-20.

Final Sedgwick report released, investor loan commitments up 116%

“The value of investor loan commitments rose 116 per cent in the year to May 2021, after falling to a 20 year low in May 2020.”

“This final review by Stephen Sedgwick clearly demonstrates that banks have kept their promise to stop poor remuneration practices and put the customer first”

“The banks you will be talking to today bear the brunt of the regulatory burden, with no adjustment for size in comparison to other regulated entities.”

An independent review has commended banks for making significant moves away from models of pay that produce bad outcomes for consumers.

“Smaller banks play an important role in Australia’s financial ecosystem, and they also have responsibilities to their customers to uphold”.

“The message from banks is clear: don’t tough it out on your own. Call your bank. They will do whatever they can to help.”

Treasurer, Josh Frydenberg, discusses the fifth Intergenerational Report, economy, population, ageing, labour force participation, productivity, environment, budget, government spending, and the way forward

NSW has extended the lockdown today for 2 weeks until Friday 9 July. The 2 week lockdown now extends to Greater Sydney, Wollongong, Blue Mountains and the Central Coast.

All tickets and sponsorships will be transferred to the new date, which we will confirm as soon as possible.

Topics covered included housing market risks, financial risks from climate change, financial market infrastructure (FMI) developments, cyber risk and the regulatory arrangements for e-conveyancing.