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22 January 2024 • By Rhea Nath • 1 min read

Qld firm fined over misleading statements, including false FUM claims

ASIC has issued four infringement notices to a Queensland company over misleading statements on its website, including that it held $350 million in ...

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Latest labour data casts doubt on 2024 cuts

The most recent labour market data has strengthened the conviction among certain economists that the RBA will maintain interest rates at their current ...

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Government unveils climate reporting framework draft

The government is a step closer to introducing mandatory requirements for large businesses and financial institutions to disclose their ...

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World Bank warns of ‘wretched’ economic milestone at end of 2024

A new World Bank report has warned of rough tides ahead, with the global economy in 2024 set to record the slowest half-decade of GDP growth in 30 ...

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SEC Twitter hack triggers bitcoin price roller-coaster

On Wednesday, the price of bitcoin experienced a surge triggered by the apparent approval of exchange-traded funds linked to the spot price of the ...

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Directors hit with $390k penalty for breaches of duty

The Federal Court has ordered four current and former directors of a responsible entity for a managed investment scheme to pay $390,000 in penalties

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Economists divided on rate cuts following cool inflation data

Economists suggest that the most recent CPI data aligns with the notion that the cash rate may have reached its peak, but while some anticipate ...

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AFCA complaints skyrocket amid cost-of-living woes

As the number of disputes escalated to the scheme hits 100,000 for the first time in 2023, the continued increase is putting “unnecessary pressure” on ...

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Rate cuts not on the cards until 2025: HSBC

A chief economist has made the case that the Reserve Bank is likely to hold through 2024. There are a variety of reasons to believe that the ...

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What companies drew ASIC’s attention in 2023? Part 2

The regulator continued its busy 2023 with numerous actions in the second half. Some of Australia’s biggest firms came under scrutiny from ASIC ...

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