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About 2.8 million Australians get underpaid $5.6 billion worth of superannuation

23 March 2017 | SMH

The tax man should be undertaking random audits of employers to help identify potentially $5.6 billion worth of unpaid superannuation owed to almost 2.8 million Australians, according to Industry Super Australia.

We should worry about corporate wrongs, not class actions: judge

23 March 2017 | SMH

Concerns that there are too many class actions against companies are ill founded, according to Federal Court judge Bernard Murphy. 

Justice Murphy applauded Australia's current class action regime on the 25th anniversary of the regime in Australia.

Senator Derryn Hinch to back company tax cuts if Government dumps inclusion of big business

23 March 2017 | ABC

Key Senate crossbencher Derryn Hinch believes the Federal Government is poised to dump part of its $48 billion company tax cut bill, to prioritise delivering immediate savings to small and medium-sized businesses.

Trump policy doubts spark $26b slump on ASX

23 March 2017 | SMH

A sharp overnight drop on Wall Street following concerns about US President Donald Trump's pro-growth agenda sparked the biggest slide on the local sharemarket since his election victory last November.

The benchmark S&P/ASX200 fell 1.6 per cent to 5684.5, shedding $26 billion in value, after the S&P500 fell 1.1 per cent, its first drop by more than 1 per cent in 109 sessions.

Iron ore futures in China sink into bear market

23 March 2017 | AFR

Iron ore is getting battered. After rounds of warnings that this year's rally may be overdone, the raw material is in retreat as doubts gather about the strength of demand in China as steel sells off and record port stockpiles put a spotlight on rising supplies.

Banking commission of inquiry push by crossbench, Greens

22 March 2017 | The Age

Pressure is building for a commission of inquiry into Australia's scandal-plagued banking system after the Senate crossbench threw its weight behind a Greens bill to establish one.

CBA set to mop up Aussie Home Loans, attention on price

22 March 2017 | AFR

The game's almost up for "Aussie" John Symond at his mortgage broker, Aussie Home Loans. 

Street Talk understands Commonwealth Bank of Australia is set to pick up the final 20 per cent of Aussie it does not already own and the discussion now is all about price. 


Bank that lent $300m to Trump linked to Russian money laundering scam

22 March 2017 | The Guardian

The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.

Deutsche Bank is one of dozens of western financial institutions that processed at least $20bn – and possibly more – in money of “criminal origin” from Russia.

Likely new ABC chairman Justin Milne is a Turnbull guy

22 March 2017 | AFR

Malcolm Turnbull is about to make the man who helped him become even richer one of the most powerful media figures in Australia.

Graeme Watson calls for review of all minimum wages and conditions

22 March 2017 | AFR

Former Fair Work Commission vice president Graeme Watson has called for a comprehensive review of all minimum workplace conditions, going beyond weekend penalty rates and extending to "high" minimum wages, after arguing they were causing unemployment.

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