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Showing 1411 - 1420 of 5396 results for "Federal"

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
... facing 23 million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money Laundering ...

Chief economist update: Lower iron ore a boon to the Aussie budget

BENJAMIN ONG  |  THURSDAY, 14 NOV 2019
... iron ore prices go directly impacts the domestic economy and the budget. In the Budget Papers 2019-20, the Australian Federal Treasury assumed iron ore prices to fall to US$55/tonne this year and the next and at the same time provided a sensitivity analysis ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... breaching credit legislation 255 times over its axed introducer program for mortgages. NAB has filed documents in the Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged by ASIC. ASIC launched legal action ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... retirees, who are generally risk averse, to work out how much of their savings they should live off at any point in time. "The federal government has encouraged the industry to develop better products to help ensure retirees don't outlive their spending. ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... the momentum toward achieving the price stability target will be lost." The BOJ's decision came hours after the US Federal Reserve cut the fed funds rate for a third time in October, following its July and September rate cuts. But instead of depreciating ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
ASIC has commenced Federal Court action against Sargon-owned Tidswell Financial Services and the promoter of mobiSuper over breaches of best interest obligations. Filed with the South Australian Federal Court, the corporate regulator is taking action ...

The cost of mental illness

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... executive of SuperFriend, said the report highlights many ways workplaces can support better mental health for employees. "The Federal Government launched the enquiry into mental health to look at really broadly areas outside health that could help Australia ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
... September's 50-year low of 3.5% in September to 3.6% last month. These positive reports came just two days after the US Federal Reserve cut interest rates down another 25 basis points to 1.5%-1.75% on October 30 (the third in as many FOMC meetings ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... followed by escalating trade protectionism and greater threats (and outright imposition) of more to follow. Uh-oh. US Federal Reserve chair Jerome Powell wouldn't be too happy with this new development. In his press conference - after the FOMC cut ...