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Wall Street slides after Fed minutes, ASX futures lower

22 February 2017 | AFR

An interest rate hike in the United States is likely to be "fairly soon" in a bid to avoid an overheating economy, according to the Federal Reserve minutes released early on Thursday morning, ahead of a big earnings day on the ASX. 




RBA's Philip Lowe warns of 'sobering combination' of high debt, weak wages

21 February 2017 | AFR

Reserve Bank of Australia governor Philip Lowe has denied the threat of a long undershoot of his 2-3 per cent inflation target but conceded that record-levels of household debt will complicate the task of normalising official interest rates.

 


Companies must now earn the ATO's trust

21 February 2017 | AFR

Directors will come under fresh scrutiny by the Australian Tax Office as the revenue authority seeks to build "justified trust" with the nation's top 1000 companies.

The move will change how the ATO approaches its tax review obligations with the level of enforcement determined by where a company sits in terms of its tax and risk control systems.


Fair Work Commission ready to hand down decision on weekend penalty rates

21 February 2017 | AFR

The Fair Work Commission's long-awaited decision on whether to cut weekend penalty rates in retail, hospitality and fast-food industries will be handed down on Thursday morning.

 


Coalition rule change allowed Australia Post to keep massive CEO salary secret

20 February 2017 | SMH

Government entities such as Australia Post - which the Turnbull government is now demanding be more transparent - were explicitly told they could keep senior executive salaries secret under watered-down rules issued by the Coalition two years ago.


Don Meij tribute donmeij.com paid for by Domino's franchisees

20 February 2017 | AFR

It was way back in May last year, long before accusations of widespread wage fraud had been levelled at market juggernaut Domino's Pizza, when we marvelled at the adulatory website the company was maintaining in tribute to its chief executive Don Meij. Red flag right there!


Domino's scandal: franchisee selling visas

12 February 2017 | The Age

"I will say straight that we want to sell this sponsorship," a Domino's Pizza franchisee blurts down the line in Mandarin.

"But you need to pay some money," he says before stating the price.


CBA unit BankWest set to axe negative gearing tax breaks

12 February 2017 | AFR

Bankwest is set to rock the $1 trillion mortgage market and more than 1.5 million property investors by axing negative gearing benefits that drive lucrative residential property investment, particularly in Melbourne and Sydney.


Reuniting owners with $2.7b lost funds

11 February 2017 | ABC

Superannuation

A peak superannuation body is calling on the Federal Government to take more responsibility in helping reunite Australians with billions of dollars in unclaimed super.

The Association of Superannuation Funds of Australia (ASFA) estimates the Australian Taxation Office (ATO) is currently holding an estimated $2.7 billion from more than 4 million unclaimed super accounts.

 


Wall Street hits all-time highs on Trump optimism

11 February 2017 | AFR

WallStreetTrump Wall Street's main stock indexes rose to fresh all-time closing highs on Friday as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump's economic agenda.


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