Hopes of RBA cut 'in tatters' after jobs data | Financial Standard
2024年10月17日 · "Employment has risen by 3.1% in the past year, growing faster than the civilian population growth of 2.5%. This has contributed to the increase in the employment-to-population ratio by 0.1 percentage point, and 0.4 percentage points over the past year, to a new historical high of 64.4%," Jarvis said.
Australian Unity offloads banking business | Financial Standard
2024年11月6日 · Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit cards and deposit accounts, which at 30 June 2024 sat at approximately 25,000 customers, $1.4 billion in loans and credit, and $1.6 billion in ...
Regal indicted for alleged short-selling breach
2024年10月21日 · "To strengthen punishment, penalty surcharges will be imposed up to the amount of short orders as well as criminal penalties of a minimum one year of imprisonment or a fine of more than three times and up to five times the avoided loss amount," the FSC said.
ESSSuper shifts members to new default option
2024年10月21日 · ESSSuper is moving members in its default investment option to the newly launched Balanced Growth Managed option.. Members currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts on November 22 unless they inform the super fund otherwise.
IMF issues stark inflation warning for Australia
2024年10月23日 · Despite Australia's poor economic outlook, the IMF said global growth is expected to remain stable, "yet underwhelming". "However, notable revisions have taken place beneath the surface since April 2024, with upgrades to the forecast for the United States offsetting downgrades to those for other advanced economies, in particular, the largest European countries," the IMF said.
Chalmers unveils new superannuation reforms | Financial Standard
4 天之前 · Treasurer Jim Chalmers announced new reforms the government will be rolling out for Australia's superannuation system. Speaking at the annual Association of Superannuation Funds of Australia (ASFA) conference, Chalmers gave an address laying out the reforms, which focus on improving retirement outcomes for Australians.
Financial Standard
Delaying DBFO imposes 'generational' consequences MATTHEW WAI The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts."
$3m super tax edges closer to reality | Financial Standard
2024年10月10日 · The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down.
CBA's conviction on December rate cut has 'dipped'
2024年10月18日 · "The conviction we have in our call for a 25bp December cut to the cash rate has dipped. But while the risk has firmly shifted to a later start date for the first reduction in the cash rate, we stick with our call," Aird said.
Australian economy 'fundamentally sound': CBA | Financial Standard
2024年11月13日 · Commonwealth Bank (CBA) chief executive Matt Comyn painted a positive picture for the Australian economy, despite ongoing cost-of-living pressures. Comyn said high interest rates are doing the job of bringing inflation under control, but the pace of that reduction has slowed. "Inflation is ...