The non-bank lender has been ordered by the Federal Court to pay $8 million in penalties for failing to meet its design and distribution obligations.
Adrian Suljanovic is a journalist at Smart Property Investment, focusing on construction and real estate, as well as financial services including banking and personal finance. His work often explores themes such as the economy, business leaders, and markets, with a keen interest in FinTech innovations. Adrian's insights and analyses have been featured in prominent publications like Mortgage Business Online, REB (Real Estate Business), and The Adviser Magazine.