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04 May 2022 • By Maja Garaca Djurdjevic • 1 min read

TWU demands Joyce be axed after Qantas outsourcing confirmed 'illegal'

The full Federal Court has upheld a previous decision deeming Qantas’ sacking of about 2,000 workers illegal. The full court on Wednesday ...

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Bond and share investors may shrug off RBA’s rate hike

As mortgage holders reel from the prospect of having to reach deeper into their hip pockets to make bigger repayments following the Reserve Bank of ...

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Unlicensed trader receives jail sentence after ASIC investigation

The corporate regulator confirmed the news on Wednesday, 4 May. Dr Roger Munro has been sentenced to four and a half years of imprisonment, with a ...

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AvSuper and Commonwealth Superannuation Corporation explore merger

AvSuper and Commonwealth Superannuation Corporation have inked an MoU to determine whether a merger of the two organisations would be in the best ...

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ANZ reports statutory profit of $3.5bn

The big four bank has released its 2022 half-year result. ANZ has reported statutory profit after tax for the half-year ended 31 March 2022 of $3.5 ...

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Major banks unable to meet commitment to modernise direct debits

According to the Reserve Bank (RBA), several major banks will not be able to meet the current timeline for the launch of the PayTo service

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Private capital contributes $54bn to the Australian economy

Australia’s private capital industry contributed 2.6 per cent of the nation’s GDP in 2020. A new report by EY commissioned by the Australian ...

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EOS at Federated Hermes appointed by CFS for stewardship services

The wealth management group confirmed the appointment this week. EOS at Federated Hermes has been appointed by Colonial First State (CFS) to ...

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AGL recommits to demerger following Cannon-Brookes acquisition

AGL Energy is determined to go ahead with the planned demerger despite Mike Cannon-Brookes' purchase which has made the tech billionaire the company’s ...

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RBA asserts independence by lifting rates ahead of federal election

Tuesday’s rate hike has been perceived as a show of the RBA’s independence. As a result of inflation levels not seen since the introduction of the ...

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