Big banks about to release new payment technology

Commonwealth Bank, NAB and Westpac have formed a technology joint venture that has started developing a free payment app.

Court slaps $1m penalty on financial planner

The Federal Court has imposed a civil penalty of $1 million against a financial advice firm that sold its clients “costly, unsuitable” products.

The Block to be part of weekend auction frenzy

Victoria is on track to hold the biggest auction weekend in the state’s history, according to the Real Estate Institute of Victoria.

Mortgage market becoming less risky, says APRA

The banking regulator has revealed that its lending crackdown is working but is hopeful of one day ending its intervention.

Aussies flushing thousands of dollars down the toilet

Ever fancied the idea of flushing money down the toilet? It sounds ridiculous, yet many Australians do something similar.

How do I consolidate my superannuation accounts?

Many Australians have multiple superannuation accounts, which they’ve acquired after swapping jobs during their career.

New vehicle sales fall 0.8%

New data has revealed that Australians have been buying fewer new motor vehicles, suggesting that consumer confidence is weakening.

Govt aims to restore trust in financial advice

Financial services minister Kelly O’Dwyer has outlined five steps the federal government is taking to make financial planning a more honest and competent profession.

Tax scammers want to steal your savings

The authorities are working with retailers to help prevent a scam in which consumers are cajoled to buy gift cards to pay fake tax debts.

Authorities cracking down on interest-only loans

Australia’s financial services regulator has said it will investigate lenders and mortgage brokers who write relatively high volumes of interest-only loans.