Sept 2017

---

News

Investigating the CBA culture

15 September 2017 | The Australian

It was 9.39am and 10C outside when a huge electronic document slid out through the encrypted walls of the secretive intelligence organisation Austrac and into the Federal Court of Australia. It landed with a loud crash. The document would not only stun the corporate world, it also would up-end the Commonwealth Bank of Australia.

---

APRA announces high-powered panel to investigate CBA

08 September 2017 | SMH

A former chief of the prudential regulator and a former boss of the consumer watchdog have been appointed to the APRA panel examining the culture of the embattled Commonwealth Bank.

The Australian Prudential Regulation Authority (APRA) announced on Friday that former APRA boss John Laker, former head of the Australian Competition and Consumer Commission Graeme Samuel and company director Jillian Broadbent would conduct the review of CBA it announced in late August.

---

Vulnerable workers bill passed

05 September 2017 | SMH

Employers, particularly franchise chains, face stiff new penalties and a beefed up watchdog after reforms to protect vulnerable workers passed the Senate on Monday night. The bill was introduced in response to Fairfax Media's exposure of rampant underpayment and exploitation of vulnerable workers stretching back to a joint Fairfax Media / Four Corners investigation of 7-Eleven as well as subsequent scandals involving prominent companies such as Caltex and Domino's.

---

Donald Trump says "We'll See" on attacking North Korea

04 September 2017 | AFR

The Trump administration said it would unleash a "massive military response" if North Korea threatens its territory or foreign allies and warned it might cut off China from the US economy in response to Pyongyang's nuclear weapon test on Sunday. As the nuclear crisis reached its most treacherous flashpoint so far, President Donald Trump opened up the possibility of imposing unprecedented economic sanctions against North Korean trade partners and left open the option of war.

---