The ABA and COBA have both formally supported the passage of the Cash Distribution Framework Bill 2026. The industry ...

The Banking Code Compliance Committee has called on banks to keep a heightened focus on their management of deceased estates, after a review found further work is needed to ensure improvements are ...

As of Monday, 13 July 2026, non-bank lenders have started sharing Product Reference Data in compliance with their Consumer ...

Linfox Armaguard has incurred losses in the order of $130 million in recent years, the firm’s chair, Peter Fox, told the Senate’s Economics Legislation Committee yesterday. The firm continues to incur ...

A handy guide from the Auditor-General on approaches to repeatedly dodging paying tax debts, and building confidence that a ...

PayTo, a secondary Account to Account payments system allied to the New Payments Platform “has yet to demonstrate its maturity as a direct debit replacement” the Reserve Bank of Australia said in a ...

Latitude Financial could have – but failed – to head off what ultimately proved to be a disastrous cyber breach in March 2023, a review by an independent expert for the Australian Financial Complaints ...

Struggling US card issuing and payments processing platform provider Marqeta Inc has abruptly pulled the plug on its Australian business as it scrambles to tame operating losses across its global ...

HSBC is seeking a buyer for its Australian retail banking arm, The Australian reports. HSBC had A$37 billion in assets and A$38 billion in deposits at May 2025, APRA data shows. Its mortgage book was ...

KPMG Australia is carrying $557 million in debt borrowed from NAB and DBS. That is roughly $815,000 per partner. The annual cash distribution to partners, and the nature of accrual accounting profit ...

Teachers Mutual Bank will scrap its Hiver brand, no later than the middle of next year. In its 2024 annual report released last week, Teachers Mutual said that “as part of our ongoing simplification ...

The new business of Luke Bunbury, one of the co-founders of Volt Bank, has emerged as the buyer of all remaining assets of the failed bank. Via his latest venture, We Are Embedded, Bunbury has ...