
Westpac’s $1.3 billion fine raises question of what banks learned from royal commission
Westpac’s record-breaking fine of $1.3 billion is reputation-busting and will most likely haunt the banking giant for years, maybe decades, to come....

‘Most expensive pizza’: Super windfalls squandered on takeaways, gambling
Emergency access to superannuation during the COVID-19 shock has triggered a spending spree for some Australians, who are splashing cash on gambling,...

James Packer’s Crown share sale to Melco scuppered by coronavirus casino shutdown
The coronavirus epidemic threatens to derail James Packer’s controversial deal to sell almost 20 per cent of his Crown Resorts casino empire...

AFCA warns bushfire victims targeted by ‘bullying’ insurance middle men
The financial complaints watchdog is warning victims of the recent bushfires about potentially dodgy “middle men” offering to broker quick payouts with...

ATO raids net hundreds of Australians in global money laundering bust
Hundreds of Australian tax avoiders using a dodgy bank in Central America could face civil or criminal charges after a global investigation...

John McFarlane named new chairman of scandal-hit Westpac
Westpac has named veteran banker John McFarlane as its next chairman as it confronts the fallout from a massive money laundering scandal...

$20 billion in superannuation is waiting to be claimed, says the ATO
The pool of lost or unclaimed superannuation now exceeds $20.8 billion, according to fresh data released today by the Australian Taxation Office....

Workers suffer ‘significant increase’ in stolen wages
Ripped-off workers have been compensated more than $40 million in stolen or lost wages recovered by the Fair Work Ombudsman over the...

ASIC warns novice investors to think twice before considering a SMSF
Inexperienced investors considering a self-managed superannuation fund could risk losing all, or some of their retirement nest eggs in the event of...

Subway forced to cough up workers’ unpaid wages in crackdown on fast-food sector
Fast-food chain Subway has been hit with hefty fines for underpaying workers at 17 franchises across Australia. After a lengthy investigation into...