Broaden levy to foreign banks: Big fourBY KARREN VERGARA | MONDAY, 19 JUN 2017 1:03PM
Large foreign banks should also be subjected to the proposed $6.2 billion bank levy, Australia's four major banks told the Senate Standing Committee on Economics reviewing the levy Bill last week.Read more: Bill, Australia, ANZ, Big, Committee, Senate, Economics, UK, APRA, Customer Owned Banking Association, Government, Mark Degotardi, NAB, Peter King, Westpac Group
For 12 months starting today, employers with a history of underpaying the superannuation guarantee will have a chance to "wipe the slate clean" and clear any pile of unpaid super without copping late payment penalties from the Government, according to legislation introduced in the Parliament today.
Technology provider Midwinter was selected to provide financial planning software services to the advice division of a major financial services organisation.
The Financial Services Council supports negotiations between Australia and the Council of the European Union to flesh out a free trade agreement. The FTA will widen the door for Australian funds to access Europe's sophisticated funds management industry.
Another rate hike is coming soon! This is the almost unanimous verdict financial markets and the intelligentsia gave after reading the minutes of the US Federal Reserve's latest meeting.
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