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Regulation

16 December 2024 • By Maja Garaca Djurdjevic • 1 min read

Weak Chinese economy to push Australia’s budget deficit higher, Chalmers hints

Weakness in the Chinese economy is set to weigh heavily on Australia’s budget, with mining exports expected to be downgraded by about $100 billion and ...

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Government revamps RBA boards amid criticism over risks to independence

Michele Bullock has endorsed the government’s revamp of the central bank, but the shadow treasurer has warned it risks undermining continuity and ...

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ASIC sues HSBC for failing to protect customers from scams

ASIC is suing HSBC Australia over alleged failures to protect customers from scams, resulting in $23 million in losses. HSBC Bank Australia ...

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ASIC highlights ‘areas of focus’ for end-of-year financial reports

The corporate regulator has identified key focus areas for end-of-year financial reports, historically showing the highest rates of non-compliance

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Fiscal impulse peaks before expected decline

Westpac expects the 2024–25 MYEFO to show an improved bottom line in 2024–25, before deteriorating in the outer years of the forecast period

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Jobless rate drops below consensus

The jobless rate has seen a surprising drop, but employment held strong. The seasonally adjusted unemployment rate fell by 0.2 percentage points to ...

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Chalmers and Bullock chart path for RBA reforms

With the legislation introducing a two-board system set to take effect on 1 March, Treasurer Jim Chalmers and Reserve Bank governor Michele Bullock ...

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Economists divided as RBA hints at upcoming rate cuts, market prices in February move

The RBA has marked a shift in tone, dropping its usual phrase about “ruling anything in or out” to signal an evolving approach as fresh data shapes ...

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RBA delivers last rate decision of 2024

The central bank has delivered its last rate decision for the calendar year. The Reserve Bank of Australia (RBA) has announced another rate hold ...

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RBA facing tough balancing act as inflation sticks, growth falters

The Reserve Bank of Australia (RBA) is expected to play it safe at its December meeting, leaving the cash rate unchanged amid a delicate balancing act ...

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