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14 July 2023 Slater and Gordon settles Colonial First State super fees class action for $100m Slater and Gordon has reached a $100m settlement on behalf of Colonial First State customers who were charged excessive fees as part of arrangements the super trustee had to pay ongoing commissions to financial advisers who were … Continued
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Associate Professor Mark Humphrey-Jenner, School of Economics, UNSW Business School is available to comment. Mark can be reached on his mobile at 0412965340 or by e-mail [email protected]. Professor Richard Holden, School of Economics, UNSW Business School is available to comment. He can be reached on his mobile at 0409446296 or by email at [email protected]. Professor … Continued
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A Monash Expert is available to comment on the ongoing debate regarding the RBA’s independence, its accountability to government and determining who ultimately is responsible for economic and financial problems. Dr Steve Kourabas, Deputy Director, Centre for Commercial Law & Regulatory Studies, Faculty of Law, Monash UniversityContact: +61 3 9903 4840 or [email protected] The following … Continued
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The CEOs of Australia’s four major banks (ANZ, Commonwealth Bank, National Australia Bank and Westpac) will appear before the House Standing Committee on Economics in Canberra this week on 12 and 13 July, their first appearance before the committee in the 47th Parliament. “These public hearings are a timely opportunity to once again put a spotlight on the … Continued
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With the soaring cost of living, there’s nothing better than finding that bit of extra cash you didn’t know existed. Whether it’s forgotten gift cards, lost super or credit card cashback deals, this issue looks at the simple things you can do to score free money without getting a second job. It reveals practical cost-saving … Continued
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The Banking Code Compliance Committee (BCCC) is working with the Australian Banking Association (ABA) to coordinate with 12 of its members to ensure banking services offered through Bank@Post comply with the Banking Code of Practice. Bank@Post arrangements provide a valuable face-to-face service, particularly as banks close branches, especially in regional and remote areas. The BCCC … Continued
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Dr Aaron Lane, Senior Lecturer, RMIT Blockchain Innovation Hub Topics: cryptocurrency, banking, regulation “Banks are under increasing pressure to tackle the growing problem of scams involving cryptocurrency. “Imposing time delays, declining transactions, and placing deposit limits are all mechanisms for banks to retake control and limit their legal and regulatory risks. “These measures may not … Continued
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Upcoming public hearings for the House Standing Committee on Economics will focus on competition in the banking sector, aviation, and social procurement as part of its inquiry into economic dynamism, competition and business formation. The public hearings will be held in Toowoomba on 30 June 2023, and on 4 and 5 July 2023 in Melbourne. Committee Chair, Dr … Continued
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A report from the Customer Owned Banking Code Compliance Committee (COBCCC) has highlighted the importance of Code subscribers seeking clarity about the new Code’s requirements, mitigating human error through training and continuously evaluating compliance frameworks. The report, Transition to the 2022 Code, presents the findings of an inquiry into how customer owned banks have approached … Continued
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21 June 2023 Interview requests and questions: Claudia Loeber-Raab, Media & Content Lead, mob 0438 804 023 The St Vincent de Paul Society Victoria (Vinnies) invites media to their major fundraising event tonight. The iconic, annual 2023 Vinnies CEO Sleepout gathers 200+ CEOs and business and community leaders from all industries to raise funds and … Continued
