Business News

Heavy penalties are on the table for banks caught lying and taking fees for no service

Written by Dimity Kingsford Smith, Professor and Director, Centre for Law Markets and Regulation, UNSW Law, UNSW

Another week of hearings of the Financial Services Royal Commission has seen financial services company AMP admitting it mislead the Australian Securities and Investment Commission (ASIC) on 20 occasions. The commission also saw evidence of both AMP and the Commonwealth Bank of Australia paying themselves client money when there was no adviser...

These jobs will thrive – but others may vanish – as AI transforms Australia’s workforce
The Commonwealth Bank of Australia made headlines when it announced last week it would cut 45 call centre jobs, thanks to the…
Tiny homes could help ease the housing crisis, but councils are dragging their feet
Australia’s housing affordability crisis shows no sign of easing. An average home price now exceeds A$1 million and a r…
Banning contactless and credit card surcharges won’t help – open banking reform is what’s needed
Jorge MataWe’ve all been there – absentmindedly tapping a credit or debit card to pay for something at a shop, on…
Are you in a mid-career to senior job? Don’t fear AI – you could have this important advantage
Have you ever sat in a meeting where someone half your age casually mentions “prompting ChatGPT” or “runnin…
The digital economy could turbocharge our productivity, but we need to get the settings right
Chris WM Willemsen/ShutterstockData and new digital technologies such as artificial intelligence present an opportunity to ge…
How many of Australia’s 2.2 million property investors would lose out under a new plan to curb negative gearing?
The Australian Council of Trade Unions is pushing to limit negative gearing and capital gains tax discounts to just one inves…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Boutique Homes announce appliance change to Fisher & Paykel
ABN Group’s residential home building brand, Boutique Homes, today announced the transition from ILVE to Fisher & Paykel for standard inclusion. Customers yet to complete interior selections and attend…

Iron ore dollars repurposed to keep the economy afloat in Budget 2019
The budget points to weaker times ahead unless wages and spending pick up. Wes Mountain/The Conversation, CC BY-NDA weaker…
The Benefits and Risks of Cross-Collateralisation in Property Investments
Cross-collateralisation is a method in property investments where an investor uses more than one property as security for a loan. This strategy can be particularly advantageous but comes with its…
How Corporate Award Enhance Employees Productivity
Keeping up in the global marketplace is a huge quandary for a large number of businesses. With every passing generation, the marketplace has gotten more and more selective and ruthless…

Carma appoints Owen Wilson as Chair of the Board

Carma’s next phase of growth to be guided by REA Group’s outgoing CEO who oversaw realestate.com.au rise to be Australia's #1 place for property ...

Digital Upgrade to Boost Efficiency Across Tasmanian Ports

TasPorts is undertaking a multimillion-dollar digital transformation that will improve efficiency, and enable smarter, more sustainable operations a...

Simplifying ecommerce integrations: How to streamline your setup without the stress

In today’s fast-moving retail world, having an ecommerce presence isn’t optional. Platforms like Shopify, WooCommerce, and Squarespace have lowered...

Shop Small Returns to Back the Small Businesses Supporting Local Communities

The annual Shop Small movement by American Express is returning for its 13th year in Australia to galvanise support for the country’s vibrant smal...

Introducing Commerce, the New Parent Brand of BigCommerce, Feedonomics and Makeswift, Powering an AI-Driven Future

Commerce’s open, intelligent ecosystem connects the tools and systems that drive growth and empower businesses to unlock data potential and deliver ...

How better billing can boost performance and profits in uncertain times

Optimising your revenue management function will help you put your business on stronger footing. The fact that economic conditions are tricky i...