📈 Today's Commercial Property & SMSF News
Star Entertainment Delays Queen's Wharf Stake Sale
Star Entertainment failed to meet the deadline to sell its stake in Brisbane's Queen's Wharf casino project. The company's inability to reach an agreement with its joint venture partners, Chow Tai Fook Enterprises and Far East Consortium International Limited, resulted in the termination of the heads of agreement. This means Star will retain its 50% equity and will owe approximately $41 million to its overseas partners.
Source: www.abc.net.au
📰 Recently Published
RBA Releases Consultation Paper on Account-to-Account Payments System
The Reserve Bank of Australia (RBA) and The Treasury announced a public consultation on the future of Australia's account-to-account payment system. This initiative is a key step towards modernizing the system to address future challenges and opportunities, building upon recommendations from a recent RBA risk assessment. The consultation seeks input from various stakeholders on enhancing this critical financial infrastructure.
Source: www.rba.gov.au
RBA Seeks Feedback on Australian Clearing and Settlement Facility Resolution
The Reserve Bank of Australia (RBA) has released a consultation paper outlining proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime. This follows the 2024 amendment to the Corporations Act, granting the RBA crisis resolution powers for domestic clearing and settlement facilities. The RBA aims for transparency in how these powers will be used to maintain financial system stability.
Source: www.rba.gov.au
RBA Publishes Summary of Feedback on Monetary Policy Implementation
The Reserve Bank of Australia (RBA) published a summary of feedback received regarding its consultation paper on the future system for monetary policy implementation. The responses, primarily from Australian and global banks, informed recent adjustments to the RBA's open market operations. The consultation focused on aspects like full allotment repo, market impacts, reserve demand, and the role of non-repo operations.
Source: www.rba.gov.au
RBA and APRA Collaborate on Overnight Standing Facility
The Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) jointly announced adjustments to the RBA's overnight standing facility. These changes impact monetary policy implementation, particularly concerning the 'ample reserves with full allotment' system. The updated system aims to ensure sufficient liquidity in the market, allowing eligible institutions to borrow reserves as needed at open market operations. The statement highlights the importance of these facilities in maintaining the cash rate target, addressing potential liquidity fluctuations for market participants, and facilitating borrowing and lending between institutions with surplus and deficit reserves.
Source: www.rba.gov.au
Published: Friday 01 August 2025 | Fresh Articles: 7 | Sections: 5 | RunID: 2025-08-01T10:57:52+10:00
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