Mercedes

May 2018


BankingRC

Banking on a culture of reform

10 May 2018 | Kelly Hughes

hindspeechThe bell can’t be unrung for the Australian banking and financial institutions. The revelations from the Banking Royal Commission detail the horrors of a deeply entrenched and systemic culture of dishonesty within the country’s biggest financial sector.

 


'A very unusual case': Ombudsman appears before royal commission

28 May 2018 | The Age

Systemic problems with the approach taken by the Financial Ombudsman Service (FOS) when dealing with disputes were revealed before the royal commission on Monday.


Knee-deep in blood - AMP feeds directors to baying crowd

09 May 2018 | Adele Ferguson

AMP woeFinancial giant AMP was wading knee-deep in blood on Tuesday as three more directors fell on their swords in the wake of damning revelations at the royal commission, including repeatedly lying to the regulator, deliberately ripping off customers and doctoring an “independent report”.


News

'Unethical' banks under scrutiny as royal commission returns

21 May 2018 | Clancy Yeates & Cara Waters

Senior conservative figures have criticised the big banks for their aggressive treatment of some small businesses, with the royal commission expected to reveal more examples of irresponsible lending and harsh loan enforcement this week.


AMP is still in a world of trouble

08 May 2018 | Adele Ferguson

David Murray may be AMP's new chairman, but come May 10 the company will suffer more embarrassment when it receives a first strike and three directors are tipped to attract a protest vote of up to 30 per cent.


Budget 2018: Tax cuts for 10 million workers

08 May 2018 | David Crowe

A tax cut for 10 million workers will start on July 1 under a Turnbull government plan to win back middle Australia and prepare for an election, setting up an immediate test in Parliament over income tax reform that will cost an extraordinary $140 billion over a decade.


Economics

'We are not mongrels or bastards'

30 May 2018 | SMH

ATOTax Commissioner Chris Jordan says the Australian Taxation Office has agreed to trial independent reviews when small businesses and individuals are in dispute with the agency over a tax matter, following /react-text a joint Fairfax-Four Corners investigation react-text: 411 into the agency.


The jobs of tomorrow: what to tell your children

08 May 2018 | Rob Burgess

One of the difficult bits of advice many parents will have to give their kids in the next few years is “don’t do the job I did”.


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