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Pacific workers face barriers to claiming super: University

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
... tax, while those on four-year visas can amass up to $16,000. However, these funds can only be claimed after workers return home, and the process is complex, leaving millions unclaimed. There are over 31,000 PALM workers filling labour shortages in rural ...

Middle Australia on track for 'comfortable retirement': ASFA

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
Thanks to a subtle shift in superannuation policy, a 30-year-old Australian earning the median wage is, for the first time, on the path to achieve a comfortable retirement, according to the Association of Superannuation Funds of Australia (ASFA). ASFA ...

Lower interest rates conducive for bigger risk appetite, small caps

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... risk of tariffs have seen businesses actively seek to shorten supply chains by moving production and processes closer to home. "This could favour small caps, which have much more domestic exposure than their larger peers, particularly in Japan and the ...

MAX Awards honour best of the best

STAFF WRITER  |  FRIDAY, 6 JUN 2025
... consultants and retail sales Louise Thompson who won Executive of the Year - Distribution, Global X's Natalie Jollow who took home Executive of the Year - Marketing, and Katelyn Hynes of Ptarmigan Media who was named Executive of the Year - Agency. ...

New Forests sees potential in Vietnamese timber

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
... founded in 2005 as a log trader and sawn timber mill. Today it also has a distribution centre and operations across wholesale home furniture, warehousing, and modular wooden home construction operations. The investment will seek to establish a platform ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
... bottom 50% of the wealth spectrum has flatlined over the decade, averaging $28,000 - "leaving them with little prospect of home ownership," it said. Its analysis found that 99% of rentals are out of reach for full-time minimum wage earners, while homelessness ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... the misleading representations on its website, social media, television commercials and advertorials. For example, on its home page, Choosi said it works "with a range of popular insurance brands, so we can make their policies available to you" and that ...

ART pinged by ASIC over misleading returns data

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... truly was," ASIC deputy chair Sarah Court said. "Superannuation is the largest asset of many Australians outside their family home. This notice is a reminder that it is imperative that Australian consumers are given accurate information to assess fund ...

Zurich snatches Suncorp claims specialist

MATTHEW WAI  |  FRIDAY, 30 MAY 2025
... head of claims excellence for Australia and New Zealand from Suncorp. Currently serving as head of complex natural hazard home claims at Suncorp, Morris Garsin will join in August to drive Zurich's claims strategy and transformation, including the continued ...

Australian firms may face 'intense competition': RBA

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
... collateral damage. "An example of this is the possibility that Australian firms might in time face more intense competition, at home and overseas, from Chinese firms discounting output diverted from US markets," he said. "It's unclear how big an effect ...