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Showing 31 - 40 of 4424 results for "Poor"

RBA lifts the cash rate for first time since 2023

ELIZA BAVIN  |  TUESDAY, 3 FEB 2026
... 2.3% points to a more fundamental problem in the economy, Deloitte Access Economics partner Stephen Smith said, noting the "poor capacity" to produce goods and services, as well as the low run rate. "That we are here is an indictment on the piecemeal ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
Australian Unity Funds Management (AUFM) admitted it breached design and distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court. Hundreds of retail investors were led to believe ...

Genetic testing ban may drive up insurance cost, premiums: FAAA

KARREN VERGARA  |  WEDNESDAY, 28 JAN 2026
... will only directly benefit those policy applicants who have obtained concerning genetic testing results who do not have a poor family history of disease and illness," it said. At the second reading of the bill last November, assistant treasurer Daniel ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... among super trustees and administrators, such as delays in processing claims, inadequate support and services for customers, poor IT infrastructure and cyber resilience, all escalate risk of fraud and scam, it said. "Those operational failures by trustees ...

Inflation pulls back in November

ELIZA BAVIN  |  WEDNESDAY, 7 JAN 2026
... before making a move to the cash rate. "Australia's economic challenges continue to be dominated by supply rather than demand. Poor productivity growth and weak investment are not the result of a cyclical downswing, but instead are the structural consequences ...

Productivity Commission makes 47 recommendations

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
The government released the final reports of the Productivity Commission's five pillars of productivity inquiries - containing 47 recommendations to support productivity growth across five key areas of the economy. "Australia's productivity ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The superannuation sector is expected to get a bigger tax bill with super tax receipts expected to increase by $10.9 billion over forward estimates, Treasurer Jim Chalmers revealed in the mid-year economic and fiscal outlook (MYEFO). "Superannuation ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... suing Sequoia's subsidiary Interprac Financial Planning, alleging its financial advisers provided thousands of Australians poor financial advice and put their retirement savings at significant risk. In August, Sequoia was already dealing with $22 million ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
After holding a roundtable discussion yesterday, Minister for Financial Services Daniel Mulino says all consumer-facing sub-sectors within the financial services sector, and all 23 retail-facing sub-sectors will foot the $47.3 million CSLR special levy. ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
ASIC has released a catalogue summarising key legal obligations and regulatory guidance for private credit fund operators, as the regulator continues to keep an eye on the sector. ASIC said the catalogue should assist private credit fund operators in ...