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...

Telling stories: the 4 ways micro-influencers build and keep their loyal audiences
The rise of social media was quickly followed by the advent of the “influencer” – an online content creator…
As Trump has pulled back from the highest tariffs, this chart shows the economic shock has eased
It’s tariff season again, with the next deadline looming on Friday, August 1.Since the beginning of July, the United St…
Employers warn Labor’s push to lock in penalty rates is bad for business – but it’s not that simple
Ron Lach/Pexels, CC BYThe Albanese government is pushing ahead with new legislation to protect penalty rates and overtime for…
How real-time data can lead to better decisions on everything from NZ’s interest rates to business investment
It is late July, and New Zealand is slowly receiving economic data from the June quarter. Inflation has hit a 12-month high, …
China’s greening steel industry signals an economic reality check for Australia
CUHRIG/GettyAustralia has flourished as an export powerhouse for decades. Much of this prosperity has been driven by the nati…
Elevating Business Spaces: Top Commercial Interior Designers in Melbourne
In the dynamic world of business, first impressions are everything. Whether it’s a bustling corporate office, a stylish ret…

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…

With their conservative promises, Labour and National lock in existing unfairness in New Zealand's tax system
Finance Minister and Labour finance spokesperson Grant Robertson: higher tax revenue will be spent on economic recovery.GettyImagesAbility to pay is the basic principle of tax fairness: people in a similar…
What's driving the potato chip shortage and when will it pass?
ShutterstockPotatoes are among Australia’s favourite vegetables. However, we are facing a shortage of processed potatoes, especially of frozen chips. Coles introduced a two-item limit for shoppers seeking frozen potato products…
Pacific tourism is desperate for a vaccine and travel freedoms, but the industry must learn from this crisis
www.shutterstock.comNews of successful COVID-19 vaccine trials has raised hopes in the Pacific that the hard-hit tourism industry will begin to re-open in 2021.Even before the vaccine announcements, there was excitement…

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...