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Showing 1121 - 1130 of 5396 results for "Federal"

The rate that stops the nation

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
... situation," he said. According to CLSA Premium's Peter Boehm, the RBA will likely proceed with its decision to cut now that the federal budget announcement is out of the way. "Interest rates were kept on hold last month largely due to the timing of the ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed. The case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... court approval, the bank said, adding that the terms of the settlement agreement are confidential. In 2018, the Australian Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act for its involvement in the scandal.

Wages will not rise from SG cut: ISA

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... nothing. Workers never received a promised wage increase when the super guarantee was last cut, a comprehensive analysis of federal workplace agreements revealed. "When the super rate was last delayed in 2014 there was no wage rise, and millions of workers' ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... investment, exports, nonresidential fixed investment, and residential fixed investment that were partly offset by decreases in federal government spending (reflecting fewer fees paid to administer the Paycheck Protection Program loans) and state and ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... explain why its MySuper authorisation should be retained. If it is unsuccessful, the MySuper authorisation will be revoked. Federal Treasurer Josh Frydenberg unveiled the government's version of testing underperformance as part of the Your Future, Your ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
The Federal Court has frozen the funds of a suspected investment scammer and ordered the winding up of two unlicensed financial services businesses, upon referral from the Australian Securities and Investments Commission (ASIC). The Federal Court has ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... licensees from conducting business with persons engaging in credit activity without an Australian credit licence. The Federal Court found that NAB had breached the act by using "introducers" who did not have a licence. These introducers were engaged ...

Australian Business Growth Fund launches

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... the inaugural chief executive of the fund and Will Hodgman, former premier of Tasmania, has been appointed chair. The federal government will work alongside participating banks through the fund to ensure small and medium-sized businesses have access ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...