Mercedes


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Race law change could could cost seats, Libs warned

22 March 2017 | AFR

The government's decision to water down race hate protection laws could cost it up to six seats due to a backlash from ethnic groups, even though the changes will never become law, party insiders have warned.



Banks say lifting rates is the right thing to do

21 March 2017 | AFR

NAB and Westpac have defended their move to raise interest rates, arguing that adjusting prices is the safest and most effective way to manage growth of their loan books.

Banks have come under attack for last week's decision to raise interest rates for investors and owner occupiers in a move that was framed as a response to loan growth caps from regulators and a means to pass on additional funding costs.





ASIC chairman Greg Medcraft wants to hit banks with bigger fines

21 March 2017 | AFR

The chairman of the corporate regulator has renewed calls for the federal government to boost penalties for breaching corporate law, after Westpac Banking Corp and ANZ Banking Group paid a paltry $6 million following revelations of failures in their foreign exchange divisions. 



Medibank hits back against deceptive conduct allegations

20 March 2017 | SMH

Medibank has hit back against claims it  misled and deceived consumers by secretly changing some of its policies, saying it has "always been very clear with members".

The Australian Competition and Consumer Commission is suing the former government-owned entity in the Federal Court over misleading and deceptive conduct.


Industry superannuation funds go on attack with 'banks aren't super' ad

20 March 2017 | The Guardian

Industry Super Australia has produced a dark advertising campaign that attacks Australia’s major banks, warning workers about the banks’ lobbying efforts in Canberra.

In a 45-second ad, released on Monday, the big banks are portrayed as foxes that are scratching to get into a suburban chicken coop.


Underemployment skyrockets to 1.1 million Australians

20 March 2017 | The Age

Kate Zizys, 46, has been underemployed her entire working life in Australia.

Earning less than $20,000 a year from casual work, she is one of 1.1 million Australians who want more hours of work than they are getting.


Westpac crackdown on foreign buyers and money laundering

20 March 2017 | AFR

Property buyers will be quizzed about their tax residency under new anti-money laundering rules being introduced by Westpac and its subsidiaries' St George Bank, Bank of Melbourne and BankSA.




Politics at tipping point as one in four voters flee Labor and the Coalition

19 March 2017 | The Age

Australia is poised for widespread political instability as more than one in four voters flee the two-party system, political analysts say.

Disgust and disappointment with major parties is approaching historic levels as Australians follow British and Americans voters and reject new age politics.


Broad agreement, but free trade a bridge too far at G20

19 March 2017 | AFR

The world's leading finance ministers will end two days of talks on Saturday struggling to agree on a final statement amid deep divisions over trade and protectionism in the wake of US President Donald Trump's "America First" plan.



'Bad apple' advisers remain in financial services, ASIC warns

17 March 2017 | AFR

Despite huge efforts to clean up the financial advice sector, the corporate watchdog says that so-called 'bad apple' advisers continue to work for some of Australia's largest financial institutions, with the quality of bank's background checks being called into question. 



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