Members Equity (ME) Bank has been hit with 62 criminal charges over allegations it made false and misleading claims to home loan customers and faces a maximum fine of $94.3 million. Corporate regulator ASIC is…
The average time it takes to save a house deposit in Australia’s capital cities has blown out to nine years as fresh data shows house prices are rising at the fastest rate on record. Record-low…
Reserve Bank Governor Philip Lowe has warned young Australians are paying a “heavy price” for government efforts to contain the pandemic. It comes as economists raise concerns that young people are bearing the brunt of…
Uber drivers are employees rather than independent contractors and are entitled to greater workers’ rights, a Dutch court has ruled. It is the latest court victory for unions fighting for the rights of workers in…
Australian workers are losing billions of dollars a year in wages by doing almost a day of unpaid overtime each week, new research has found. Research firm ADP says the average Australian is now doing…
Australia’s major banks are breaking their own rules by failing to cancel direct debit payments for household bills, a new report has found. The Banking Code Compliance Committee (BCCC) published research on Monday revealing more…
A new report has found Australia has the lowest level of manufacturing self-sufficiency of any OECD country, prompting calls for the Morrison government to appoint a minister for Australian sovereign capability. The report from Flinders…
Farmers are calling for thousands of workers for this winter’s grain harvest, but unemployed Australians say health departments are making them wait months for approval to cross state borders to take up the jobs. The…
Superannuation funds that have “failed the performance test” are still paying millions in dividends to owners, it has been revealed. The House of Representatives Economics Committee has been told retail superannuation funds that listed as…
Regulator ASIC has not committed to chasing up firms that have pledged to repay tens of millions in JobKeeper payments they didn’t need, the House of Representatives Economics Committee has heard. “I have raised the…