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05 June 2020 • By Lachlan Maddock • 1 min read

Big four bank hit with multi-million dollar penalty

A big four bank has been ordered to pay a $5 million dollar penalty by the Federal Court after it was found to have breached the ASIC Act and the ...

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Commonwealth Super appoints new CEO

Commonwealth Super has appointed the former head of REST as its new CEO. Damian Hill will become Commonwealth Super’s new CEO in July this year, ...

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Two-thirds of consumers want guidance from super funds

Two-thirds (66 per cent) of Aussies want to hear more from their super fund about their investments and protecting their super amid the uncertainty of ...

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Treasury flags tough foreign investment changes

Treasurer Josh Frydenberg has flagged massive changes to foreign investment rules as Australia’s geopolitical climate becomes more complex

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Roy Morgan estimates 2.09 million unemployed

Roy Morgan figures have placed the proportion of the workforce that was unemployed in May at 14.8 per cent (2.09 million Australians), double the last ...

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ASIC cancels licence of retail OTC issuer

ASIC has cancelled the AFSL of a retail OTC derivative issuer after its clients lost hundreds of thousands of dollars. ASIC cancelled the AFSL of ...

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Magellan cops $288m net outflows

Magellan Financial Group has rolled out its new active ETF after recording $288 million in net outflows in May, as institutional investors extracted ...

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AMP Capital steps into Taiwan wind market

AMP Capital has entered the wind energy market in Taiwan, having completed a US$145 million ($208.8 million) mezzanine debt investment with US asset ...

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Retail feels COVID shock

Australian retail turnover fell almost 20 per cent off the back of COVID-19, according to new figures from the ABS. Australian retail turnover fell ...

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CBA buckles down on abusive messages in transactions

CBA has updated its policy around its digital banking platform, with customers caught sending abusive messages to others via transactions to face ...

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