A source of anxiety for conveyancers as AML/CTF changes loom has been not knowing where to start. AUSTRAC pledges to provide the answers in January. It's late, but with deeper detail, they say.
Unlikely to receive another rate cut in the next six months, borrowers will at least see the big four banks face parliamentary scrutiny in Canberra this week.
A lick of paint here and there and a freshly tiled bathroom may freshen up a home and sometimes add value. But that’s not what moves the dial for property sale prices. In the US, energy efficiency is the real game-changer.
More economists are predicting the interest rate-cutting cycle is over following surprise jobs data, but youth employment figures could tell a different story.
AUSTRAC CEO Brendan Thomas says it is unlikely most conveyancers will be required to pay a levy on the back of AML/CTF law reforms.
PUBLIC investment in green energy and social housing has surged but worker shortages and sluggish productivity growth are holding projects back. Tens of billions of dollars were added to Australia’s major infrastructure pipeline in the past year, federal advisory body Infrastructure Australia found in a report released on Thursday.
Unemployment is likely to fall in the latest reading, but some economists think the rate could rise further next year, leaving the door open for more rate cuts.
Drawn-out planning approvals are being sped up with a one-stop shop ticking off major projects, heightening environmentalists' concerns about fossil fuel plans.
Significant changes are coming for Australia’s anti-money laundering and counter-terrorism financing legislation, with conveyancers soon to be among the entities responsible for reporting.
Anti-money laundering and counter terrorism financing law reforms introduced next July aim to weed out the dodgy behaviours in the Australian property market. AUSTRAC overseeing the changes highlights extreme real-life examples.
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