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| | | While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ... |
| | | | MLC Life has appointed a new chief executive and managing director, effective June 15. Rodney Cook has been appointed to lead MLC Life, close to six months after David Hackett departed the insurer. He will replace Sean McCormack who has been acting ... |
| | | | The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected. At the June meeting, the RBA board decided to maintain the current policy settings, keeping ... |
| | | | AMP's corporate philanthropic foundation is offering $2 million in grants for non-profits working to meet COVID-19's challenges in the community. To be eligible, the organisation must have annual income of less than $20 million, derive less than 70% ... |
| | | | Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding. Zurich said it has made a $1.4 million donation from the Z Zurich Foundation to help local community programs respond to increased demand. Zurich ... |
| | | | A former chief executive of BT Financial Group has been named independent non-executive chair of MLC Wealth. Robert Coombe has been named to take on the role, effective 1 July 2020. NAB chair Philip Chronican said the appointment to the board of National ... |
| | | | Investec Australia has established a postgraduate research scholarship with the University of Sydney Business School; in a move that it says will benefit the future finance workforce in Australia. The Investec Women in Finance and Leadership PhD Scholarship ... |
| | | | Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been ... |
| | | | Ares Management LLC, which has a joint venture with Challenger's Fidante Partners in Australia via a related company, has paid US$1 million to settle charges alleging it traded in a portfolio company based on non-public information while an employee ... |
| | | | The shock of the COVID-19 pandemic, which has now claimed more than 350,400 lives and will likely cost the global economy $1 trillion, has set off a chain reaction that will forever change our long-term return expectations and strategic allocations. ... |
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