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Latest News
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News
Future Financial targets Big 4 business customers
Non-bank lender Future Financial is expecting a record year in 2010 as it looks to poach business from the majors who have recently began tightening their lending criteria.
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To view more of Future Financial in the Media please click on the link below
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Reserve Bank 'comfortable' with current rate levels
By Kim Christian / AAP / August 17, 2010
The Reserve Bank was "comfortable" leaving interest rates at average levels at its August board meeting during a period of market volatility, minutes of the monetary policy board meeting reveal.
The Reserve Bank left the cash rate unchanged at 4.5 per cent at its August 3 board meeting, saying that the existing level was "appropriate" for the time being "pending further information".
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Interest rates to rise faster, higher than expected
By Karina Barrymore / News Limited newspapers / July 27, 2010
Interest rates are tipped to rise faster and higher than expected as speculation is growing that we are facing a rates double whammy.
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Big Banks may cut mortgage deals to control interest
By Scott Murdoch / The Australian / June 29, 2010
This way they hope to avoid having to pass on higher interest rates in an election year.
Banks are facing mounting pressure from the government not to increase lending rates out of cycle with the Reserve Bank, even though the European debt crisis has triggered a blowout in funding costs.
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National Consumer Credit Protection (NCCP)
Courtesy ASIC (Australian Securities & Investments Commission)
On 1 July 2010, the Australian Securities and Investments Commission (ASIC) will take over the regulation of consumer credit and finance broking under the National Consumer Credit Protection Act 2009 (National Credit Act).
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Budget News 2010 / NSW & QLD
By Landsburys Independent property advisory services
NSW Budget (AFR Pg.1, 11-12)
Stamp duty will be abolished for dwellings purchased off-the-plan for less than $600,000.
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