Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREWestpac reveals ’liar loan’ crackdown
Home loan applicants at Westpac will have to reveal spending on everything from pet care to tax and toiletries, under a tough new "responsible lending" regime being introduced from next Tuesday.
The nation’s second largest lender, which includes Bank of Melbourne, BankSA and St George Bank, will deeply drill into borrowers’ income and spending to better understand their living expenses, commitments, capacity to repay and verify documents.
Read the full article on The Australian Financial Review.
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