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Showing 81 - 90 of 1003 results for Eliza Bavin

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

Economic recovery has been stronger than expected: Lowe

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges ...

Future Fund buys into renewables

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's sovereign wealth fund will acquire Tilt Renewables under a scheme of arrangement as part of a consortium. Under the acquisition deal, New Zealand energy company Mercury NZ will acquire the assets while Powering Australian Renewables (PowAR) ...

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities. The ATO said while it is important to plan for retirement and look for ways to maximise retirement assets ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
Former Prime Minister Malcolm Turnbull has turned on his former colleagues, Tim Wilson and Andrew Bragg, saying their proposal to give people access to super to spend in the housing market is "just wrong". Speaking with Industry Super Australia chair ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
APRA has closed its investigation into possible breaches of the Banking Act 1959, including the Banking Executive Accountability Regime (BEAR), by Westpac. APRA launched the investigation into Westpac last year following allegations by AUSTRAC that ...

MetLife appoints former Premier

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
MetLife Australia has announced the appointment of head of external affairs and public policy, hiring from the Finance Sector Unit (FSU). Nathan Rees is set to take on the new role at MetLife leaving his previous position at the FSU where he was the ...

Pahari's pay packet revealed

ELIZA BAVIN  |  THURSDAY, 11 MAR 2021
AMP has reported the extent of the remuneration awarded to former AMP Capital boss Boe Pahari in the 53 days he led the business. As outlined in AMP's annual report, Pahari was paid $376,000 in cash payments. While he was not entitled to a short-term ...

Allianz to rectify past deficiencies

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
Allianz Australia has been ordered to rectify its past weaknesses in its risk culture, risk governance and risk management, which APRA told the court was persistent and serious. APRA agreed to accept a court enforceable undertaking (CEU) from Allianz ...

Business investment slow to click into gear: Lowe

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
Reserve Bank of Australia governor Phillip Lowe has expressed his concerns over the slow uptake of business investment in Australia, which he said is slowing economic recovery. Lowe said a durable recovery from COVID-19 requires a strong and sustained ...