ABA

Financial planning

Banks call for consistent laws to prevent elder abuse

State and territory governments are being urged to adopt consistent power of attorney laws to prevent elder financial abuse, as they meet today regarding a scope for a na...

Financial planning

Extend reference checking to management and boards says FPA

The Financial Planning Association has told the Australian Securities and Investments Commission the same reference checking protocols that apply to financial advisers sh...

Policy & Regulation

ASIC approves banking code variations

The corporate regulator has approved variations to the banking code of practice, including improving the definition of small business....

Financial planning

Deferred loans drop by near 70% from pandemic peak

The value of deferred loans has fallen from $250 billion at its peak in June to $86 billion....

Financial planning

Repayments resume on almost half of deferred loans

Almost half of deferred mortgages and small business loans have resumed, according to data from the Australian Banking Association (ABA)....

Financial planning

Six-month home loan assessments begin

Banks are contacting customers for their six-month home loan deferral assessment to discuss the next stage of support and assistance....

Financial planning

ABA announces temporary code changes

The Australian Banking Association has announced two temporary changes to the Banking Code of Practice, which have been approved by the corporate regulator....

Financial planning

Banks ready to support JobKeeper scheme

The Australian Banking Association has announced the banks’ readiness to support the JobKeeper program....

Financial planning

Australians can 'rest easy' over credit rating

Australians who have been granted a deferral on their loan repayments will not have their credit rating impacted, so long as they were up to date with repayments prior to...

Financial planning

Banks urged to show leniency on grandfathering loans

The Association of Financial Advisers has urged banks who loaned money to advisers to buy books of clients to show leniency....

Financial planning

Aussie consumers unafraid to switch banks

More than two million Australians switched banks last year as competition grows between providers, according to the Australian Banking Association....

Policy & Regulation

Banking industry committed to working with government on RC changes

The ABA has welcomed the Government’s timetable for legislative change, with eight of the 76 Royal Commission recommendations targeted at the banking industry....

Policy & Regulation

Banks defend vertical integration

The Australian Banking Association has defended vertical integration and the ability of the major banks to self-regulate when it comes to ‘simplifying’ such structures....

Financial planning

End grandfathering this year says ABA chief

The Australian Banking Association has called on both sides of politics to act on ending grandfathered commissions this year....

Financial planning

ABA moves to protect vulnerable clients

Elder financial abuse, violent relationships, and unexpected long-term illness are all issues that the Australian Banking Association hopes to address in its new vulnerab...