Feb 21 2020
Responsible lending guidelines for customer-owned banks and mutuals
The Australian Securities and Investment Commission has released an updated document called RG 209, which clarifies the responsible lending guidelines for all financial service providers under the National Credit Act.
RG209 – Credit Licensing: […]
Nov 13 2019
Canberra’s improved payment times a boon for small business
illion’s September Late Payments report suggests Australian Public Sector reforms have resulted in a significant improvement in late payment times, bringing public administration into line with the rest of the country. The […]
Oct 16 2019
No holiday cheer for construction sector
Australian construction firms are expecting a subdued end to 2019, with the latest illion Business Expectations report revealing a sharp deterioration in December quarter forecasts.
illion’s survey of more than 1,200 business owners and executives found […]
Sep 18 2019
12 million Australians should see their score improve
Comprehensive Credit Reporting (CCR) will make the Australian financial system more stable and introduce more competition into the $1.8 trillion mortgage and credit card markets.
By Tuesday 17 September, the mortgage repayment data of […]
Sep 16 2019
Australian businesses paying their bills in record time; SMEs never had it better
The financial stress suffered by the Australian agriculture sector during the past year has been confirmed with a 26 per cent increase in the time it takes Australia’s […]
Aug 06 2019
Retail sector a ray of sunshine amidst the gloom
The latest illion Business Expectations report has revealed the retail sector is more upbeat about trading conditions than any other sector. illion’s survey of more than 1,200 business owners and executives found […]
Jul 23 2019
Regional Australians outpace city dwellers on credit cards
Australians are cutting up their credit cards in droves but regional Australians have become the highest users of credit cards.
Credit Card Nation 2 found that while the overall number of credit cards fell […]
Jul 11 2019
A new report on the Australian construction sector has confirmed the sector is weakening under pressure from the early stages of a sharp downturn.
illion Economic Adviser Stephen Koukoulas said the construction industry was a key barometer for the broader economy.
Jun 12 2019
Australian businesses paying their bills in record time
Payment times for Australian businesses have improved by 10 per cent year-on-year to 10.5 days, the best level for March late payments on record. This suggests that business confidence is improving. Comparing payment […]
May 06 2019
Aussie business confidence drops to an 18-month low
Business confidence for the second quarter of 2019 has fallen sharply, as uncertainty over the Australian election result and global issues like Brexit and US-China trade disruptions continue to put a dampener on […]