Original article by Michael Roddan
The Australian – Page: 2 : 13-Nov-18
The Treasury has urged against any relaxation of housing lending laws in its submission to the banking royal commission’s interim report, stating that any such action would be detrimental to the long-term health of the financial system. Treasury said no benefit is to be gained by offering borrowers loans that they could not afford to repay. Treasurer Josh Frydenberg has indicated that he endorses Treasury’s submission.
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, RESERVE BANK OF AUSTRALIA