While banks have always used the technique, the difference is offers are now appearing on loans with competitive rates
ACCC to allow ABA, big four and some non-majors to work together without fear of violating competition laws
Some adopting more lenient loan policies, including deferral of payments, waiving of fees, and switching of P&I to interest only
New CFO also named in the announcement, effective immediately
Appointment follows widespread restructuring of the senior team earlier this month
The association made the announcement during its annual general meeting