| 24 Jun 2017 | News
Geoff Richards quietly closed the front door of his unit for the last time. The legal letters had been signed, non-disparagement clauses agreed, and the retirement village operator Aveo was about to have its day.
Slowly walking down the path with his dog, Tosh, the crumpled 80-year-old glanced back one last time.
The Age | 23 Jun 2017 | News
The Turnbull government is considering a bounty-style reward worth millions of dollars for those who blow the whistle on corruption or unethical behaviour at the hands of multibillion-dollar corporations.
Finance Minister Kelly O'Dwyer will on Friday announce measures intended to tighten legislation to give compensation to whistleblowers to stop their "unacceptable treatment" following a series of damning Fairfax Media investigations into the banking and service sectors.
SMH | 21 Jun 2017 | News
Rebel government backbencher George Christensen has crossed the floor and voted with Labor to protect workers' penalty rates, in an embarrassing blow to the Turnbull government.
It is extremely rare for MPs to cross the floor and vote against their own side, but Mr Christensen's move has been a long time coming, as he has threatened to do so on previous occasions.
AFR | 19 Jun 2017 | News
Car leasing giant McMillan Shakespeare is to be hit with an $80 million class action alleging unfair and unconscionable conduct and misleading and deceptive conduct in its extended car warranty business NWC.
The Australian Financial Review can reveal that the class action will be funded by global litigation funder Vannin Capital and law firm Quinn Emanuel Urquhart & Sullivan will file the action next month.
The Age | 19 Jun 2017 | News
One of Labor's biggest backers, the giant shop assistants union, will be subject to a parliamentary inquiry over wage deals that have cost workers hundreds of millions of dollars.
The new Senate probe is a response to the wages scandal revealed by Fairfax Media involving deals between some of Australia's largest employers, including McDonald's, Coles and Woolworths and the Shop, Distributive & Allied Employees Association (SDA).
The Age | 16 Jun 2017 | News
The Commonwealth Bank's compensation bill for victims of bad financial advice has risen to $29 million.
But customers who were knocked back from the scheme say it was flawed to begin with and have welcomed a push in the Senate for commission of inquiry into the banks.
SMH | 15 Jun 2017 | News
Ten Network Holdings isn't dead yet, but it's on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.
SMH | 12 Jun 2017 | News
Jane* went to a "very gung-ho" all-girls Sydney high school where she was told "you can do anything" and "one of you will be the first female prime minister of Australia". She spent long hours climbing the corporate ladder while her two kids were in childcare or being looked after by a nanny. She has worked in banking, telecommunications, IT and the public service. But now, nearing 50 and with three degrees – two of them at masters level – she is exasperated at how hard it has been to get ahead as a woman in the workforce.
AFR | 08 Jun 2017 | News
Extortion, blackmail, cash back scams and slavery are happening every day under our noses. It is also happening in the supply chains of businesses, either through labour hire companies, or suppliers.
Under new legislation to be proposed by the federal opposition on Monday, big business will be forced to clamp down on slavery in their supply chains by reporting publicly – and annually – all efforts to identify and stop slavery.
The Australian | 01 Jun 2017 | News
ASIC boss Greg Medcraft says the big banks and wealth management industry have used poor record-keeping to “hide a trail” of questionable financial advice.
Mr Medcraft, who finishes his term at the Australian Securities & Investments Commission in November, also hit out at the vertically integrated business model of the big lenders, arguing that cross-selling wealth, advice and insurance products was “not a viable business strategy any more”.