Finance News from Finance Australia

Discover the freshest updates in the world of finance with Finance Australia's exciting news headlines.

Dive into each story by clicking on the headline of your choice for full coverage.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Finance News

ASIC Investigates Private Lending Sector Amid Rapid Expansion

04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks. This scrutiny comes in response to the sector's rapid expansion, with private credit extending approximately $200 billion in loans, primarily to high-risk real estate developers and property investors. - read more

ASIC Halts City Finance Lending's Small Amount Credit Contracts

04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently issued an interim stop order against City Finance Lending Pty Ltd, preventing the company from issuing its small amount credit contracts (SACCs) to retail clients. This action was taken due to deficiencies identified in the company's target market determination (TMD), raising concerns about the suitability of these products for consumers. - read more

Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Lending Practices

04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently imposed significant penalties on Cigno Australia and BSF Solutions, along with their respective directors, for operating an illegal payday lending scheme. The Federal Court has ordered each company to pay $3 million, with additional fines of $500,000 levied against directors Mark Swanepoel and Brenton Harrison. This enforcement action underscores ASIC's commitment to protecting consumers from predatory lending practices. - read more

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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Finance Articles

Online Home Loan Calculators: How to Use Them in Your Loan Comparison

Welcome to the world of savvy home financing! Whether you’re a first-time homebuyer or seasoned investor, navigating the ocean of home loan options can be daunting. In this digital era, one tool stands out for its effectiveness in simplifying this journey: the online home loan calculator. - read more

Understanding the Fine Print: Fees and Charges in Personal Loans

Personal loans are a type of unsecured credit that allows individuals to borrow money for various personal expenses, including consolidating debt, making home improvements, or funding significant life events. Unlike secured loans that require collateral, personal loans rely on your creditworthiness, making them an accessible option for many Australians. - read more

The In-Depth Guide to Boat Loans in Australia: What You Need to Know Before Diving In

Australia, with its expansive coastline and spectacular waterways, naturally cultivates a rich culture of marine enthusiasts. Imagine the salty breeze on your face as you slice through waves, the call of seabirds overhead, and the freedom to explore hidden coves and beaches – this is the quintessential Australian boating lifestyle. - read more

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Finance News from Finance Australia

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