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Showing 1091 - 1100 of 5175 results for "YES"

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
Australian banks have narrowly dodged the possibility of facing a Royal Commission-style inquiry after a Green's Bill to establish a Parliamentary Commission of Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
The funds management industry has demonstrated broad commitment to its legal obligations but is still falling short in a number of areas. In a report issued yesterday, ASIC found that responsible entities operating managed funds on behalf of retail ...

Confidence: the business/household divide

BENJAMIN ONG  |  WEDNESDAY, 14 JUN 2017
Yesterday's NAB Monthly Business Survey report confirmed that the first quarter slowdown in Australia's economic growth (to 1.7% from 2.4% in the December quarter) was anything but transitory. Although the business conditions index dipped by one point ...

Westpac to review history of new applicants

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Following yesterday's news of another former Westpac adviser being banned by ASIC, the bank has announced that anybody applying for a permanent role with the Westpac Group will now be subjected to a background check. Designed to identify any past instances ...

Macquarie pays the price for poor advice

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Macquarie Equities has shelled out almost $25 million in compensation in the past three years as part of its enforceable undertaking with ASIC. The corporate regulator published an update yesterday as to the remediation program's status, saying it is ...

Cloudy skies in the land of the rising sun

BENJAMIN ONG  |  FRIDAY, 9 JUN 2017
With the prices of Australia's major commodity exports - coal and iron ore -- trending lower this year, let's all spend a minute silence and pray that yesterday's report of a massive slump in exports - down 8.0% in the month of April - was indeed an ...

Females dominating non-concessional contributions

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2017
Women are more likely to make non-concessional contributions into their superannuation than men, new insights show. A new report from Vanguard analysing data from Sunsuper's membership of over one million Australians shows that 60% of members making ...

Economic growth slows to 1.7pct but not as bad as feared

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2017
Australia's economic scorecard is out. GDP growth has plummeted to 0.3% in the March quarter compared to 1.1% last quarter, leaving economic annual growth at a lackluster 1.7%. Economic growth slowing by one third in past year adds to the pressure piling ...

Five minutes of sunshine tomorrow?

BENJAMIN ONG  |  TUESDAY, 6 JUN 2017
Hip, hip! The Australian Bureau of Statistics' (ABS) 'Business Indicators' report (released yesterday) eased growing concerns that tomorrow's National Accounts would show that the Australian economy weakened sharply - if not outright contracted -- in ...

Fintech success insignificant so far: Fahy

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
... predicted to fail will provide the industry with enormous insight given their existing talent and intellectual property. "Yes, you want to work with the successful fintech companies, but there is also a lot of value in the ones that fall over as well. ...