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Showing 1101 - 1110 of 7376 results for "Consumer"

Easter Bunny feels the inflationary pinch

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... many commodities, resulting in higher prices." Just like the chocolate index, inflation has run rampant in almost all consumer price index groups in Australia. From the December quarter 2020 to December quarter 2021, all groups CPI rose 3.5%. Transport ...

End choice dashboard delay: AIST

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... disclosure requirements for 13 years is contrary to the intention of the Australian Parliament and denies an important consumer protection from the millions of Australians holding choice superannuation products." The submission continues that the existing ...

Tattarang invests in plastic-free fabric

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
The Forrest family's investment firm Tattarang has pumped $26.8 million into next generation fabric technology. The investment was made as part of a Series B capital raise by US-based material innovator Natural Fiber Welding (NFW). NFW creates low carbon ...

Cryptocurrency lender Helio charged for false credit licence claims

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
Melbourne-based cryptocurrency lender Helio Lending has been charged with falsely claiming that it held an Australian credit licence (ACL) when it did not. Helio Lending offered cryptocurrency-backed loans to consumers, using the digital currency as ...

Australians are crypto-curious but not committing

CHLOE WALKER  |  FRIDAY, 8 APR 2022
Despite 2021 being a breakout year for crypto in Australia, the nation still lags the rest of the world when it comes to adoption, according to Gemini's 2022 Global State of Crypto report. Surveying nearly 30,000 adults across 20 countries, Gemini found ...

APRA champions flexible financial technology regulation

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... material risks is not achieved by pretending to have all the answers but rather ensuring regulatory agendas are focused on consumer benefits as much as it is on harm prevention. Regulation is often denounced as red tape but Byres took a different view. ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

Tax Practitioners Board adds two new members

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
Assistant treasurer of the Tax Practitioners Board (TPB), Michael Sukkar, has appointed Andrew Conway and Steven Dobson to the board for a three-year period starting from 30 March 2022. Conway is chief executive and a fellow of the Institute of Public ...

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... and reporting back to the board, including on switching activity. "Appropriate governance is integral to maintaining consumer trust and confidence in the superannuation industry," ASIC commissioner Danielle Press said. "This is not something you can ...

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
This week ANZ-Roy Morgan consumer confidence increased by 2.3 points to 93.4 after petrol prices dropped approximately 30 cents per litre. But consumer confidence is still 14.3 points below its level from the same week a year ago. Consumer confidence ...