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Showing 1221 - 1230 of 5396 results for "Federal"

Ombudsman demands changes for small business insolvencies

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... line." A further recommendation was to establish a small business debt hibernation instrument when a state, territory or federal government declares a systemic shock such as a pandemic or significant economic downturn. During the recommended hibernation ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... continuation of the COVID-supplement payment post-December," Morrison said. The extension of the JobSeeker program will cost the federal government an extra $3.8 billion, bringing the total cost of the program to $16.8 billion. The JobKeeper wage subsidy ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... who run in haste will have spikes buried deeper in their feet"... and deeper it has gone in Victoria. So now we have the Federal government extending its "support measures" - originally envisaged to be in effect for six months (from March to September) ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... employ elaborate means to cover up their fraud." The complaint charges Hu with violating the antifraud provisions of the federal securities laws and seeks permanent injunctive relief, disgorgement, and civil penalties. In a parallel action, the US Attorney's ...

ASIC appeal upheld

ALLY SELBY  |  MONDAY, 20 JUL 2020
An appeal by the corporate watchdog has been upheld after the Federal Court set aside a decision made by the Administrative Appeals Tribunal to not ban a Western Australian-based financial adviser. Robert Hutchison was permanently banned from providing ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... searching for employment are not counted as unemployed by the ABS. On the same day the unemployment data was released, the federal government announced its JobTrainer package. The package will support small and medium sized businesses in employing apprentices ...

Billionaires targeted in Twitter bitcoin scam

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... successfully targeted some of their employees with access to internal systems and tools." The FBI said it has also launched a federal inquiry into the attack. Twitter chief executive Jack Dorsey tweeted an apology as the attack was ongoing and said his ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
The corporate watchdog has kicked off civil penalty proceedings in the Federal Court of Australia against contracts-for-difference and FX broker Forex Capital, as well as its sole director. If found guilty of all allegations, director Shlomo Yoshai ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... that legislative reform, designed to produce better outcomes for super fund members, was causing a fee increase. "The Federal Parliament had passed laws around insurance and some other matters, effectively designed to reduce fees for members and this ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... rebounded strongly in May. We have entered an important new phase and have done so sooner than expected." This was what US Federal Reserve chair Jerome Powell declared before the Committee on Financial Services of the House of Representatives two weeks ...