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Showing 1011 - 1020 of 3400 results for "Response"

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... Reserve Bank of Australia (RBA). The Morrison government announced a series of fiscal measures at the start of the year in response to the sharp fall in economic activity due to COVID-19. The central bank collected data on the JobKeeper measure and found ...

Chief economist update: The virus, the vaccine and Trump

BENJAMIN ONG  |  MONDAY, 23 NOV 2020
It's quite a delicate balance - akin to the "will it, won't it" speculations on Fed policy decisions BC (before COVID) - but it appears that the dying days of 2020 swing between optimism and pessimism depending on which side of the bed financial ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... one capital by 17 basis points. APRA imposed the additional capital requirement on the bank in May 2018 as part of its response to the Final Report of the Prudential Inquiry into the Commonwealth Bank of Australia. APRA's inquiry found that CBA's financial ...

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
... in October - a pleasant surprise to markets that were expecting total jobs numbers to drop by 40,000 over the month in response to the government's scaling back of its JobKeeper subsidy payments. The latest employment number has reduced the total ...

Why has ASIC still not got a chief executive?

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... exist. "Obviously my powers of persuasion aren't what I would have liked [or] thought they would be," Chester said, in response to Patterson's question on why the new internal governance model wasn't implemented. "This was something that was discussed ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... with each other on the background of advisers they were employing. The Financial Sector Reform (Hayne Royal Commission Response) Bill which has been introduced to parliament includes obligations for AFSLs to comply with an ASIC reference checking and ...

NSW budget boosts TCorp loans

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
... FY21 is primarily due to an increase in infrastructure spend by the government, as well as measures taken for COVID-19 response, recovery and reform, TCorp said. NSW Treasurer Dominic Perrottet presented the state budget on November 17, pledging $107 ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... securities and advising on self-managed superannuation funds. ASIC's investigation into Hopkins and QWL began in 2019 in response to allegations that QWL had failed to assist the Australian Financial Complaints Authority in resolving client complaints. ...

Australians drain $35bn from super

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown, close to five million Australians have removed over $35 billion from superannuation. ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 addresses 20 recommendations from the 2018 inquiry. The new law will prevent the hawking of all financial products ...