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Showing 11 - 20 of 214 results for %22National Credit Act%22

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... provided for under statute and not under a contract, these debts aren't considered 'credit contracts' under the National Credit Act," ASIC stated. "We consider that financial advisers can advise on the Scheme without requiring an Australian Credit Licence ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... didn't pass them on. The court ruled in ASIC's favour, saying ANZ contravened the ASIC Act, the Corporations Act, and the National Consumer Credit Protection Act. It said ANZ made false or misleading representations to certain customers when it represented ...

Cbus snares head of debt from Perpetual

ELIZABETH FRY  |  WEDNESDAY, 15 JUN 2022
Cbus Super has appointed Anne Moal as its first head of direct debt and illiquid credit as the $73.5 billion fund's debt portfolio hits over $1 billion. Reporting to head of debt and alternatives Linda Cunningham, Moal will have primary responsibility ...

Global alliance calls for BNPL regulations

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
CHOICE has joined consumer groups from around the world in calling for urgent action on buy now, pay later credit providers. The global statement released by Consumers International is supported by 11 consumer organisations from nine countries. It comes ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
National Australia Bank recorded a 76.85% increase in cash earnings to $6.56 billion in its full-year results and outlined a new oil and gas policy. The big four bank also report a statutory net profit of $6.36 billion, up from $2.50 billion in 2020. ...

abrdn outlines climate change action plan

JAMIE WILLIAMSON  |  FRIDAY, 5 NOV 2021
... system in the transition. Pricing carbon needs to be focused on changing behaviours, and ensuring a just transition, on a national and global scale."

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... ME Bank for alleged contraventions of the Australian Securities and Investments Commission Act 2001 (Cth) and National Credit Code. The alleged contraventions concern home loan customer communications over a two year period ending September 2018. These ...

SocietyOne launches portal, hires

ELIZABETH MCARTHUR  |  MONDAY, 5 JUL 2021
... MacRae as chief commercial officer. He joins from MyState where he was general manager of banking. Previously, MacRae was national general manager, Westpac retail home ownership distribution. "Joining the passionate and talented broker team at SocietyOne ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... to (July 15) - about a week before the Olympics. Latest data suggest that China's economy continues to slow. The National Bureau of Statistics (NBS) reports that the manufacturing PMI dipped to a reading of 50.9 in June from 51.0 in May while the ...

Criminal charges filed against ME Bank

JAMIE WILLIAMSON, KANIKA SOOD  |  THURSDAY, 27 MAY 2021
... relate to contraventions of sections 12DB(1)(g) and 12GB(1) of the ASIC Act and sections 64(1) and 65(1) of the National Credit Code (Cth). Section 12DB(1)(g) relates to making false or misleading representations with respect to the price of services ...