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10 June 2020 • By Lachlan Maddock • 1 min read

Commonwealth Bank faces down class action

The bank says it will “carefully consider” any allegations it sold customers junk credit card and personal loan insurance. Slater and Gordon has ...

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Finance veterans named in Queen’s birthday honours

A former Westpac institutional head, the chair of AMP Capital funds management and an ex-ASIC lawyer were among the recipients named in this year’s ...

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End war on super: Jones

Shadow finance minister Stephen Jones has called on the government to “put down the weapons” and stop trying to kneecap the superannuation guarantee

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Banking profit down 14.1%

Australian banks saw a 14.1 per cent decrease in net profit after tax for the 12 months leading up to March, as the coronavirus crisis led to costs ...

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Chinese investment in Australia shrinks by 58%

Chinese investment in Australia has fallen by 58 per cent in the past year, new research has found. The report by KPMG and the University of Sydney ...

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Business confidence bounces

Business confidence saw a rebound in May, but remains negative at a level last seen at the bottom of the 1990 recession. Business confidence is now ...

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Stimulus a victim of its own success

The $60 billion JobKeeper bungle was a result of Australia weathering the storm better than previously expected. JobKeeper was formulated in the ...

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Expect 60% fewer super funds by 2030: KPMG

The pace of mergers in the super sector is tipped to rise during the next two years, with a new report estimating there will be a 60 per cent cutback ...

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Early super numbers surge

APRA has released the latest data from the government’s early super release scheme, with tentative signs of slow down.  $13.5 billion in super has ...

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Vulnerable retirees at risk from drawdown changes

The government’s changes to minimum pension drawdowns could be more trouble than they’re worth, with many vulnerable pensioners set to lose out on ...

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