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Showing 1231 - 1240 of 7382 results for "Consumer"

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... raise interest rates. More so because it's below the 3.0% growth rate the RBA determines as the rate that would send consumer price inflation on the up and up. The RBA thinks that it'll be at the later months of 2023 before wages growth reaches an annual ...

Citi launches sustainability-linked supply chain finance

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
... suppliers in additional markets over the coming weeks. The bank also introduced the program with German chemical and consumer goods company, Henkel. "We are convinced that sustainability-linked supply chain financing can help improve sustainability across ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
... feedback until 28 January 2022, the corporate regulator launched a consultation with the super industry and is also inviting consumer groups and actuaries for their input. ASIC wants to provide "longstanding relief from personal financial advice requirements" ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... insureds including the non-provision of benefits, failures to make payments and update policy definitions, and widespread consumer harm," documents state. Acknowledging the action, a spokesperson for MLC Life said: "These events were self-reported to ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... foremost, in delivering on promises to consumers, second in identifying the failures and third in being able to remediate consumer loss in a timely way," Chester said. ASIC is currently monitoring 64 remediations that will compensate about $5.4 billion ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
ASIC filed a contempt application in the Federal Court against James Mawhinney, the founder of Mayfair 101. The contempt order is in relation to allegations that Mawhinney has continued to raise funds through financial products, even though ASIC banned ...

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... financial benefit by deception and 13 counts of reckless dealing with proceeds of crime. The Australian Competition and Consumer Commission found that Australians have lost over $70 million to investment scams in the first half of 2021. This figure is ...

Economic recap: Week to November 12

BENJAMIN ONG  |  MONDAY, 15 NOV 2021
... progression to the economy's improving circumstance. This is underscored by the latest improvement in domestic business and consumer sentiment. The latest NAB business survey showed that both business conditions and confidence rose sharply in October ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
Corporate regulator ASIC is warning corporations that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for ...