RBA's Lowe backs company tax cuts

Philip Lowe takes over at the Reserve Bank. Illustration: David Rowe. May 6 2016

RBA governor Philip Lowe says Australia has little choice but to cut corporate taxes to stay competitive in a world of falling rates.

Westpac is among lenders to raise fixed rates on mortgages.

Former Westpac banker jailed

A former Westpac home finance manager who submitted $2.5 million worth of false home loan applications has been sentenced to jail.