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Showing 21 - 30 of 2336 results for "Fair"

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
The Australian Prudential Regulation Authority (APRA) has proposed changes to operational risk financial requirements for registrable superannuation entities (RSE) licensees. The prudential regulators adjustments are designed to bolster the ability ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... emergencies (32%), putting members' interests first (25%), and reforming the tax settings to make them sustainable and fair (24%).

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... knowing exactly what it was doing but refusing to acknowledge that its employment practices amounted to wage theft until the Fair Work Ombudsman became involved. "This is one of the largest cases of wage theft yet detected in Australia and one which ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... superannuation industry to lift its game. At an industry event, Court said Australians have a right to expect efficient, honest, and fair treatment by their superannuation fund. However, recent surveillance and enforcement indicates that some superannuation ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
The banking giant was found to have engaged in unconscionable conduct in the interest rate swap case borne out of AustralianSuper and IFM Investors' acquisition of part of Ausgrid in 2016. In October 2016, Westpac engaged in pre-hedging of an interest ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
Despite the rapid progress of artificial intelligence (AI), existing obligations around good governance and the provision of financial services remain robust, according to ASIC chair Joe Longo. Addressing the crowd yesterday at the UTS Human Technology ...

Gender pay gap reporting to be scrutinised

ROSE MARY PETRASS  |  WEDNESDAY, 31 JAN 2024
From tomorrow, Australian companies with 100 or more staff must publish the median pay gap between their male and female employees. While it sounds simple enough, some experts believe corporates are not prepared for what's to come. The Workplace ...

Ex-Merricks commodities guru launches hedge fund

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
... Davis anticipates Farrer's investors to be primarily US and European institutions, he also expects it to attract its fair share of local investors. "Of course, this strategy is not new to me; I have been implementing a similar approach since 2008 ...

Diverger shareholders welcome Count takeover

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... proposal has been received," he said. Independent party Lonergan Edwards & Associate, Brook said, concluded that the scheme is fair and reasonable and therefore in the best interests of Diverger shareholders, in the absence of a superior proposal. "The ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
Prime Minister Anthony Albanese will amend the Stage 3 income tax cuts package, flagging that everyone is set to benefit from the changes. Albanese told radio station 2GB that all taxpayers will receive a tax cut. However, those earning over $180,000 ...