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AUSTRAC boss urges AML/CTF sign-up to stop crime gangs now

AUSTRAC CEO Brendan Thomas warned on Thursday that enrolment in Australia’s new anti-money laundering and counter-terrorism financing (AML/CTF) laws is lagging ahead of the regime’s looming start date on July 1. Under the so-called Tranche 2 AML/CTF regime – the biggest regulatory shake-up to hit the conveyancing industry in decades – practitioners need to register with AUSTRAC, conduct due diligence on clients, note large cash transactions, keep records and report suspicious activity. The overhaul brings Australian AML/CTF laws into line with global financial crime standard

RBA says economy ‘is going to shrink this quarter’

New Zealand regulators shine light on luxury goods in AML fight

Government continues balancing act with immigration

Scheme helps lower power bills, make homes more comfortable

‘Last thing tenants need is policy that reduces investment’

New reserve price law ‘disadvantages’ home owners

Costly uni degrees may lift tradie numbers

DIMINISHING value for the ballooning cost of a university degree could prove a windfall for the construction industry as it’s hoped more young people are steered towards in-demand tra

Slowing economy may shut door on rate hikes

AUSTRALIA’S economy is heading for the slowdown it needs. With the nation’s decades-long productivity growth malaise showing no sign of improving, Reserve Bank governor Michele Bu

Feasibility issues must be taken seriously

SIGNIFICANT changes are needed to make new housing projects stack up, according to a feasibility forum hosted by the Housing Industry Australia’s NSW branch. Brad Armitage, HIA NS

INVESTORS are prematurely offloading their properties before tax changes even hit the market, resulting in a listings boom but fewer rentals. Rental listings across the country have sho