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The Latest Breaking News from APRA

Peter Dutton says he will help homebuyers who don’t have the bank of mum and dad. But how would his policy work?

The Coalition wants to relax home lending rules by changing the test for a person’s borrowing capacity

The Guardian - AU

'No-brainer' home ownership boost for HECS debt Aussies

Australians saddled with student debt who want to enter the housing market will be given a helping hand, under changes to lending requirements.

AAP

Regulator wary as super fund appoints union directors

Super fund Cbus has accepted the nominations of three directors put forward by the CFMEU, the union accused of corruption and links to bikie gangs.

AAP

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Fund sent $511k to CFMEU ahead of criminal allegations

APRA dropped an investigation into a super fund that paid over $500,000 to the CFMEU but took action again after reports of the union's alleged criminal links.

AAP

The World's Future To Net-Zero Relies On African-Led Partnerships

Programs like The Accelerated Partnership for Renewables in Africa (APRA), launched by President Ruto of Kenya ahead of COP28, aims to create an investment-friendly environment in Africa.

International Business Times

APRA fight with CFMEU-linked super fund 'unreasonable'

Moves by the financial regulator to impose stricter conditions on a super fund connected with the CFMEU will be attacked in the Federal Court.

AAP

Stealth quotas take a big step back in Congress

But not big enough: How APRA should be amended.

Reason

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Troye Sivan feels the rush with APRA song of the year

Troye Sivan's dance hit Rush has been voted song of the year at the 2024 APRA awards, while The Teskey Brothers took home the gong for songwriter of the year.

AAP

Chumbawamba tells NZ deputy PM Winston Peters to stop using its Tubthumping anthem

Lead guitarist Boff Whalley says band does not share views of Winston Peters, who recently compared co-governance to policies of Nazi Germany

The Guardian - AU

Australian Regulator Scrutinizes Pension Funds' Unlisted Asset Pricing

The Australian regulator is taking a closer look at pension funds over their pricing of unlisted assets, aiming to ensure transparency and fair valuations.

Top News

Cost of living relief on table but cash handouts vetoed

Finely-tuned government assistance could be on its way for households struggling under cost of living pressures, the prime minister says.

AAP

Central anti-superstition law need of the hour, say rationalists in Andhra Pradesh

Rationalists in Andhra Pradesh called for a stringent law to curb superstitious practices. APRA president sought a central law to tackle fraudulent practices in name of religion. CPI leader suggests life of slain social reformers be included in school textbooks. They welcomed Allahabad HC's ruling against occult rituals to treat…

The Hindu

Regulator sanctions Medibank following data hack review

Medibank must carry an additional $250 million in capital after a review by the banking regulator into a damaging cyber attack that rocked the company.

AAP

Alan Kohler: Just like banking, the AI revolution needs to be regulated

Hundreds of the Big Tech's greatest minds are pleading that we don’t wait for an AI disaster before getting our regulatiory act together now.

The New Daily

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news in one place.

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The New Daily

‘Mortgage prison’ sees Australians lose thousands in potential savings

Some borrowers have found themselves locked in a 'mortgage prison', potentially costing them more than $10,000 in savings per year.

ABC News

AustralianSuper's 'alarming' $70m double-up on customer accounts sparks calls for wider investigation

Australia's biggest superannuation fund reveals that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people.

Newcastle Herald

Students grow 'the seed of a lyric' into professional recordings

'We've noticed growth throughout the day. This morning students who were very closed off are now working in groups.'

ABC News

Federal budget: White Pages listings, payments to tax havens and the weird contracts within

The federal government spends about $650 billion a year. Where some of it goes will surprise you.

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The New Daily

Super discrimination worsens for women as the gender gap widens in key age groups

Despite rises in the superannuation guarantee and improvements in maternity leave women are not breaching the super gender gap

ABC News

Losing interest rate floor has led to 'bad outcomes' for many Australians, says former senior bank regulator

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator.

The New Daily

Dance remains king as Rufus du Sol, Flume win at APRA awards

Musicians Rufus du Sol, Flume and Sampa the Great have taken out some of the many gongs at the APRA Music Awards.

The Guardian - AU

Flume wins song of the year at 2023 Apra awards for Say Nothing

Same track that topped Triple J’s Hottest 100 takes top gong, with Rüfüs Du Sol, the Kid Laroi and Sampa the Great also winning

ABC News

Superannuation customers stay in dud funds, with one-in-five 'significantly underperforming'

Hundreds of thousands of superannuation customers are losing out, staying in dud funds with high fees, according to the latest data from the industry's regulator.

ABC News

Labor to announce in-principle support for RBA review's recommendations, establish two new boards

Treasurer Jim Chalmers is set to release the highly anticipated review into the Reserve Bank of Australia on Thursday and to announce that the government has given in-principle support to all of its recommended changes.

The Guardian - AU

Colin Hay on Men At Work – and bartering with Sia: ‘If you clean your room we will watch David Letterman’

The songwriter is being recognised for his services to Australian music at this year’s Apra awards – after 40 years of hits, wisdom and celebrity run-ins

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