A new financial complaints authority is investigating whether there are widespread problems with the way banks lend people after receiving complaints including allegations that documents have been falsified,
New criminal penalties and a scheme to identify company directors are urgently needed to crack down on the scourge of illegal phoenixing activity, according to the peak body of insolvency practitioners.
Taxpayers paid $140m for failed private companies’ unpaid wages bills in the first nine months of the last financial year, with the cost expected to rise to $882m over the next four years. Australia’s
SYDNEY (Reuters) - An Australian court on Tuesday dismissed allegations that Westpac Banking Corp (WBC.AX) had approved mortgages without adequate credit checks, dealing a blow to the regulator’s efforts
A judge who said borrowers could cut down on wagyu beef and “the finest shiraz” to make their home loan payments is out of touch with reality, consumer advocates say. The Consumer Action Law Centre and
Spread betting firm Plus500 shrugged off fears over a potential crackdown in Australia as it battles rule changes aimed at protecting punters from running up huge losses. New powers given to the Australian