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AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... Serious Financial Crime Taskforce (SFCT) in partnership with the AFP along with AUSTRAC, ASIC, Border Force, the Department of Home Affairs, the Attorney-General's Department and the Australian Criminal Intelligence Commission to safeguard. ATO deputy ...

Government introduces pandemic payment

ANNABELLE DICKSON  |  TUESDAY, 4 AUG 2020
... wage whereas the average wage is double this amount. "Any money for workers who are saving lives and saving jobs by staying home and doing the right thing is welcome, but this payment does not address the full scale of the problems which fully funded ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
"We are all prisoners here of our own device." - Hotel California, The Eagles Victorian Premier Daniel Andrews declared Victoria in a "State of Disaster" from 6pm on August 2 and imposed Stage 4 restrictions that will run for six weeks (until September ...

Housing values continue to slide

ANNABELLE DICKSON  |  MONDAY, 3 AUG 2020
... set to drop even further when government support winds down, according to the latest research from CoreLogic. CoreLogic's home value index dropped 0.6% last month, only a slight improvement from June at 0.7%. Canberra and Adelaide were the only capital ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... yesterday's picture of the US economy when the coronavirus forced many businesses and factories to shutter and people to stay at home. The gradual lifting of shutdowns and re-opening of businesses - allowing workers to return to work and consumers ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
... climate aware strategies and begin divesting from companies involved in thermal coal, oil sands and arctic drilling. NEST, home to more than nine million members, has introduced a new investment policy aimed at achieving net-zero status by 2050 or earlier. ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... affordability of key concern given it is very difficult for Australians to enjoy a financially secure retirement without owning a home. "Barely a week goes by these days without one commentator or another suggesting that Australians should be allowed ...

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
... social distancing and hygiene measures in place," Warne said. He added that with COVID-19 necessitating a move to working from home, senior management at Macquarie communicated to staff more regularly to remind them of ongoing expectations and responsibilities. ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... current pandemic), consumers of whatever colour, creed or political affiliation would postpone purchasing new everything (home furnishings, clothes, shoes, TV, even houses) on expectations that tomorrow and the day after, prices would be cheaper. Consumer ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... spending in Tasmania was up 14.8% above decade-average levels in the March quarter, with strong population growth, higher home prices and home building boosting spending. Victoria recorded retail spending 14.4% higher than the average, while Queensland ...