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Showing 1101 - 1110 of 3918 results for "law"

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... "Banning ordinary Australians the ability to use all their savings to buy a home while allowing Big Super to do so means that the law empowers capital, but not citizens - that is morally wrong." Wilson said the fact that industry super funds are using ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... inquiry although after a decade on the board and several years as chair this is surprising," he said. "Her background is the law and Crown has been not just found to have broken the law on her watch but also committed serious breaches of good corporate ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... to the threat of "opportunistic class actions" if the guidance or other statements are found to be inaccurate, according to law firm Allens. "While the modifications are welcome, in that they may provide a measure of protection in civil proceedings where ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Westpac announced risk management and rebuilding its culture will be its top priorities for 2021. The bank paid $105 million to about 548,000 customers it has wronged during the first quarter ending December 2020, as announced in a trading update this ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of interest on business overdraft accounts substantially higher than what customers were ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... obligations," he said. "We will also continue providing support to industry as you prepare for commencement. However, the law is the law, and we will not be shy in enforcing it."

Chief economist update: Amber alert

BENJAMIN ONG  |  WEDNESDAY, 17 FEB 2021
... dotcom bubble. We all know what happened thereafter. It could be that this time is different. But there's also Murphy's Law. The recent rise in 10-year US Treasury bond yields - up to a one-year high of 1.31% -- serves as a yellow light -- an ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... perfect and that pockets of underperformance in for-profit and profit-to-member funds exist. Trustees may have complied with the law but haven't taken into account the next steps by asking whether they are truly delivering a sub-par outcome for members ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... proposal to reverse the evidential burden of proof are not warranted," she said. The best interest covenant derived from case law and there is already a financially focussed covenant for trustees that was introduced a few years ago, Cambrell said, adding ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Oh Nikkei, you're so fine You're so fine you blow my mind, hey Nikkei..." My apologies to Toni Basil for re-wording the lyrics to her 1981 hit "Mickey", but anyone watching the rise and rise of the Nikkei-225 index will understand. The Japanese ...