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RBA on hold, rate cuts expected

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2026
... expectations. "Following the three increases in the cash rate target since the beginning of the year, financial conditions are now tighter than they were, and there are signs that the economy is slowing as expected," the RBA said. "But inflation is still ...

ASIC moves to strengthen defences against financial scams

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
... identify legitimate financial services websites and reducing the growing threat of imposter scams across the sector. ASIC is now collecting and publishing website addresses for Australian financial services (AFS) licensees through its Professional Registers ...

APRA opens consultation to governance reforms

KARREN VERGARA  |  TUESDAY, 16 JUN 2026
... compliance by removing duplicative fit and proper reporting requirements, given that the Financial Accountability Regime is now in place. This is expected to eliminate the need to submit forms for some 6000 individuals. The revised CPS 510 also aims ...

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... April 2026. ASIC commenced civil penalty proceedings in the Federal Court against ASX in August 2024, alleging it made the now admitted misleading statements. By admission, ASX acknowledged it contravened sections 12DA and 12DB(1)(a) and (e) of the Australian ...

ASFA lifts comfortable retirement standard to $730k for couples

KARREN VERGARA  |  MONDAY, 15 JUN 2026
... prior estimates of $690,000 for couples and $595,000 for singles. On an annual basis, ASFA calculates couples aged 65 and over now need $78,566 per year, while single homeowners require $55,923 to sustain their lifestyles. However, ASFA's survey found ...

Product showcase: Reframing financial advice

THE FINANCIAL STANDARD TEAM  |  MONDAY, 15 JUN 2026
... preparing to navigate a changing tax environment. While reforms still require Parliamentary approval, those who are across them now are best placed to help deliver better after-tax outcomes for their clients and reduce tax bills down the track. "There's ...

Productivity growth is 'going from bad to worse': PC

ELIZA BAVIN  |  FRIDAY, 12 JUN 2026
... said Australia's labour productivity appears stuck at the levels the nation settled into after the COVID-19 pandemic. "We are now 0.1% below where we were in March 2023, when the 'productivity bubble' we saw during the pandemic burst," he said. "A productive ...

Former ASFA COO joins housing fund manager

MATTHEW WAI  |  FRIDAY, 12 JUN 2026
... his appointment on LinkedIn, Buskens said he is pleased to join the company. "C1 is delivering what Australia needs right now, more homes. Through its scalable, investment-led housing platform C1 is enabling more Australians to attain home ownership ...

AustralianSuper exec takes on chief executive role

ELIZA BAVIN  |  THURSDAY, 11 JUN 2026
... regarded leadership team, and the people of Lendlease to create long-term value for our clients and shareholders." Lendlease said now that it has named its next chief executive it has been "mutually agreed" that Tony Lombardo will now step down on 30 ...

FCA pursues Neil Woodford again

KARREN VERGARA  |  THURSDAY, 11 JUN 2026
... Point Zero FZE LLC and is registered in the United Arab Emirates. Woodford is the former 'YouTube fundie' who ran the now-defunct Woodford Equity Income Fund (WEIF). WEIF fell into a liquidity crunch in 2019 after investing in mostly illiquid ...