In good news for income-seeking investors, the ASX’s dividend boom is set to be driven by the resources sector in the short term, and the major banks longer term.
Frydenberg not for turning on responsible lending rollback
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Treasurer Josh Frydenberg has pledged to push on with the Coalitionâs attempt to scrap responsible lending laws, seeking a deal from the Senate crossbench despite strong opposition from Pauline Hanson.
The One Nation leader this week told
Dominic Lorrimer
Senator Hansonâs opposition signals poor prospects for the bill in the Senate, where the government requires three crossbench votes to pass legislation.
Already Tasmanian independent Jacqui Lambie has said she opposes the deregulation attempt, which the government says will encourage the flow of loans and boost Australiaâs COVID-19 economic recovery.
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