‘Coordinated’ mortgage fraud uncovered | Property downturn extends to regions | Super reforms
An investigation by financial crimes regulator AUSTRAC has uncovered ‘coordinated mortgage fraud’ across the Australian lending sector; Cotality says regional property prices fell in the June quarter, though they continue to outpace growth in the capital cities; and super funds will have expanded powers to give financial advice to members under new reforms by the Albanese government to crack down on dodgy practices following the collapse of the First Guardian and Shield funds.
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