Leaders from some of Australia's biggest companies, including major banks Macquarie Group and Westpac , will face questioning from lawmakers on Friday as part of a probe into accounting firm KPMG's alleged misuse of client data to win audit contracts.
Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government's tax changes weigh on property demand.
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