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It’s time: Conveyancers must comply to new regulations

THE clock is ticking for businesses newly affected by AML/CTF regulations. As of Wednesday, compliance is mandatory for conveyancers, lawyers, real estate agents and accountants. They must have: enrolled with AUSTRAC; appointed an AML/CTF compliance officer; developed an AML/CTF program; trained staff in their AML obligations; and started due diligence on clients and be prepared to report suspicious matters to AUSTRAC. They’ll need to verify the identity of clients, assess the source of funds, keep records and submit an annual report. Industry bodies, like the Aus

Removing SMSF borrowing could undermine new projects

Some cities up, some cities down but clearance rates still low

Reserve Bank remains cautious over ‘domestic risks’

Not enough houses still the crux of the affordability problem

‘We are the heartland’ but ‘we don’t need rebranding’

Super funds must transfer rapid growth into sustainable retirement income

Not an easy time to be running a business

ALMOST half of Australian companies say it’s getting harder and more expensive to do business. New data from the Australian Bureau of Statistics shows 46 per cent reported that operating

MINING giant BHP will invest $30 million to help build more homes in remote communities in Western Australia’s Pilbara region. It will form part of the WA Government’s $45 mi

‘Little choice but to tighten rates again’

STRONGER-than-expected jobs and spending data has bolstered the case for more rate hikes but events overseas could stay the Reserve Bank’s hand. An extra 40,300 jobs were added to

Public transport hubs vital for Melbourne

THE opportunity for Melbourne residents to buy homes closer to public transport routes is about to get easier. For too long, many Melbourne suburbs have experienced slow housing growth,