The banking watchdog APRA says lenders may need to cap their exposure to customers at most risk from climate change or even consider ditching some of these clients.
A super fund for electrical workers could merge with one for the transport industry,but union politics looms on the horizon.
Proposed performance tests for super funds could encourage them to chase returns rather than act “as sophisticated long-term investors”,the McKell Institute says.
Property prices across Australia increased at their fastest rate in 30 years over March,while Perth house values have risen tens of thousands of dollars in since January.
Sydney’s median house price is now $1,112,671,up about $50,000 since February,with Melbourne house values up $20,000 to $859,097.
Andrew Bragg wants the government to redeploy a scheme that let workers withdraw $20,000 from their super for other purposes such as first home deposits.
Research from the IMF suggests regulators such as APRA and the RBA need to use lending standards to stop property buyers and business running up huge debts.
A major employer group and one of the nation’s largest infrastructure investors have warned proposed superannuation changes could hinder the nation’s economic recovery.
The founders of Volt and Judo agree that the sector could do with stricter rules,as the prudential regulator raises the bar for new entrants.
Lending to highly-geared home buyers rose in the December quarter,sparking debate over whether riskier lending is starting to re-emerge.
The debate about the Morrison government’s proposed repeal of responsible lending laws is being framed in a context that no longer exists.