Energy retailing failure means Government needs to re-regulate: Grattan...
Competition in energy retailing has failed and the Government might need to re-regulate the sector to protect consumers, according to a report.
View Article'Worst fears being realised' as residents most likely to bear cost of gas...
Australia's "worst fears are being realised" when it comes to gas supply, and the market is in crisis with residents most likely to bear the costs, ACCC chairman Rod Sims will say in a speech to a gas...
View ArticleInvestors warned to brace for up to 3pc in rate rises
Real estate investors stand to be hardest hit as banks reprice mortgages to meet tougher regulatory requirements, according to a report out today.
View ArticleWestpac and ANZ to improve supervision of staff after foreign exchange...
The corporate watchdog says Westpac and ANZ have agreed to court enforceable undertakings to improve supervision of staff after their foreign exchange traders manipulated the foreign currency market...
View ArticleCasual workers paying for 'junk insurance' they don't know they have
Many workers don't even realise they've got insurance that covers death and disability paid for out of their super funds but, for casuals, even though they're still paying they may not be covered.
View ArticleMorrison flags property investor crackdown, Medcraft warns on housing 'bubble'
Australia's Treasurer and chief corporate regulator both flag a further crackdown on property investor loans, as the regulator implies house prices are at risk of a massive fall.
View ArticleA cyber attack could cause the next global financial crisis
Cyber attacks pose a growing threat to the global financial system, with many services now delivered over the internet, and more needs to be done to cope with the new risks, financial regulators say.
View ArticleSA's energy plan affordable, will increase power security: Moody's
The South Australian Government's energy plan, drawn up in the wake of the state's recent blackout woes, is given a tentative tick of approval by the global credit ratings agency Moody's.
View ArticleAdani facing growing pressure on fears investors may have been misled
Adani refuses to reveal which company in its complex corporate web has applied for a $1 billion subsided loan from the Australian Government, amid fears investors may have been misled.
View ArticleBlackmores boss lauds China e-commerce 'win'
Blackmores chief executive Christine Holgate says China's backflip on its cross border ecommerce laws is a "win" for Australia.
View ArticleRetirees increasingly forced to use super savings to pay off mortgage
Retirees are increasingly having to use their superannuation to pay off mortgages as housing costs and home loans expand in size, a report by economist Saul Eslake warns.
View ArticleASIC's CommInsure report finds no breaches of the law
The Australian Securities and Investments Commission concludes that, while CommInsure should be treating its customers better, it has not broken the law.
View ArticleASIC clears Slater and Gordon, will not enforce penalties
The corporate regulator clears embattled law firm Slater and Gordon of falsifying its financial records and accounts, saying there was no indication of any breach of law and no penalties will be enforced.
View ArticleASIC not investigating accounting practices, Harvey Norman founder says
Is Harvey Norman under investigation for troubling accounting practices by the corporate watchdog or is it a mere "review"?
View ArticleUnions push for $45-a-week minimum wage increase, employers ask for $10 or less
Unions and employer groups are deeply at odds over how much extra Australia's lowest paid workers should receive through the minimum wage increase.
View ArticleYouTube ad boycott could cost Google parent Alphabet $US750m
This week Telstra joined a global advertiser boycott of YouTube because of ads that appear next to extremist content.
View ArticleAPRA clamps down on interest-only mortgage loans
The Australian Prudential Regulation Authority will place limits on interest-only loans to only 30 per cent of total new residential mortgage loans in a bid to cool the hot property market.
View ArticleACCC stops banks banding together to bargain over Apple Pay
The ACCC denies Australian banks permission to collectively bargain with Apple and boycott Apple Pay, saying it is concerned it would reduce and distort competition.
View ArticleUber to be accredited in South Australia
Ride-booking company Uber is to be fully accredited in South Australia, and new laws are to be introduced to punish unaccredited services.
View ArticleBanks to assist customers disadvantaged by dodgy loan assessments
Eight home lenders, including three of Australia's major banks, will be required to give redress to victims of irresponsible lending under a deal with the corporate watchdog.
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