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Dangers of side-stepping consumer protections
The Uniform Consumer Credit Code has been criticised for failing to keep up with the evolving mortgage industry since its introduction in 1994. The code is difficult to amend as it is state based so all state must agree to changes
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Westpac chases business banking share
Westpac plans to expand its business banking division, increasing its staff by one third and opening 11 new business centres.
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Signs of confidence in business spending
Businesses seem to be confident about future growth with capital expenditure increasing by 6.3 per cent in the June quarter, and by 11.4 per cent from a year ago.
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Business borrowing booms
Business borrowing has grown by 18.7 per cent over the last year and was one of the factors considered by the Reserve Bank when they raised rates.
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BankWest first to market with increased deposit rates
In response to the Reserve Bank decision to increase the official cash rate by 0.25 per cent, BankWest has increased the twelve month introductory rate paid on their TeleNet Online Savings Account to 7.00 per cent...
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Euro hits record high against dollar
LONDON (AFP) - The euro set another record high against the dollar on Thursday as dealers waited nervously for the latest round of data on the United States economy.The European single curre.......
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Sydney Cross City Tunnel sold
Sydney's infamous Cross City Tunnel has been sold by its receivers to a consortium for about $700 million.Martin Madden from receivers KordaMentha said the troubled tollway had been sold.......
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