Following an individual complaint, the bank has reported the issue to ASIC and refunded over 1,000 customers with mortgage offset accounts
One legal expert has said brokers are bullying lawyers into providing obsolete paper documents on behalf of the banks
In a dual appointment, the online loan marketplace has also welcomed a major financial media commentator to its advisory board
One leading financial analyst has predicted a number of targeted rate cuts by the banks after a build-up of capital by most lenders
The number of property listings fell in most states in 2013, with Darwin and Sydney recording the biggest yearly change.
The government has kicked the New Year off with a wave of new regulation, while simultaneously reducing small business superannuation compliance.
Declining market share has seen competition heat up between the majors, leading to greater incentives for brokers and their clients – as well as commission hikes.
Mounting regulation and tightening margins have pushed a growing number of financial planners to try their hand at broking.
Fixed rate home loans continue to be popular with borrowers, as demand climbs in almost every state.
The Government has been accused of setting a 'tax trap' for small business owners by not sufficiently advertising a change to tax concessions.