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Regulatory

S&P denied appeal over landmark ruling

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
Ratings agency S&P has been denied leave to appeal a Federal Court ruling in favour of 91 council, charities and church groups which lost at least $180 million when AAA-rated investments went sour in the wake of the global financial crisis.

ISA to change Compare the Pair ads

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
Industry Super Australia (ISA) will change its 'Compare the Pair' advertising campaign to include disclaimers after the Australian Securities and Investments Commission (ASIC) expressed concern that the ads were misleading to consumers.

Future Fund staff bonuses stun public sector

ALEX DUNNIN  |  THURSDAY, 19 JUN 2014
Furore has erupted among the commonwealth bureaucracy following publication of the performance bonuses received by staff employed at the Future Fund Management Agency.

NSW govt promises $60 billion infrastructure spend

JAMES FERNYHOUGH  |  WEDNESDAY, 18 JUN 2014
The New South Wales government has said it will spend more than $60 billion on infrastructure over the next four years.

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform.

Parliament passes temporary tax levy

AAP  |  TUESDAY, 17 JUN 2014
High-income earners will pay more tax after parliament approved the coalition government's first budget measure.

High earners to pay more tax soon

AAP  |  MONDAY, 16 JUN 2014
Australia's highest income earners will soon be hit with a temporary tax, with the opposition raising concerns about

Federal Court hears FSC's complaints against FWC

JAMES FERNYHOUGH  |  FRIDAY, 6 JUN 2014
The Financial Services Council (FSC) has put its case against the composition of the Fair Work Commission (FWC) Expert Panel to the Federal Court in Sydney this morning.

Federal Court finds S&P guilty in landmark ruling

MARK SMITH  |  FRIDAY, 6 JUN 2014
A landmark ruling by the Federal Court against ratings agency Standard & Poor's, ABN AMRO and Local Government Financial Services (LGFS) could have implications across the world.

Crime survey finds fraud rife in Australia

PETRINA BERRY, AAP  |  THURSDAY, 5 JUN 2014
Well-educated men in their 30s from middle management are the most likely perpetrators of internal fraud, a survey of Australian firms shows.