Mercedes

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Shooting the messenger: the 'chilling effect' of criminalising journalism

24 June 2018 | The Guardian

At a time when journalists have never been more needed to explain the complexities of an increasingly integrated world, they have never been more under threat: jailed in increasing numbers by some of the more authoritarian administrations, threatened with prosecution in the countries which have democratic governments.

There is a real possibility that the overreach of national security laws in the west will damage the very commodity that heightened internet surveillance is supposedly designed to protect: security and liberty.


CBA to spin off wealth management and mortgage broking arm

24 June 2018 | The SMH

Commonwealth Bank of Australia plans to demerge its wealth management and mortgage broking businesses, CFS Group, and undertake a strategic review of its general insurance business, including a potential sale.

CFS Group will include CBA’s Colonial First State, Colonial First State Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and Aussie Home Loans businesses.

News of the spin-off came as chief executive Matt Comyn also announced six appointments and changes to his leadership team.


Who's better on tax for you? Labor or Liberal?

19 June 2018 | The Age

Labor’s declaration that it won’t vote for stage two and stage three of the Coalition’s tax plan has suddenly made the choice at the next election clear.

But whether you are better off under Labor or the Coalition after that election depends on how far out you look.

Labor is making no commitments beyond 2019. The Coalition’s tax cuts have two further stages, in 2022 and 2024. Stage two is directed at taxpayers earning more than $90,000 and stage three at taxpayers earning more than $120,000.


Telstra to axe 8,000 jobs

19 June 2018 | The Age

Telstra CEO Andy Penn has announced a drastic plan to cut costs at the struggling carrier, including a reduction of 8,000 jobs from its workforce, about a quarter of its total headcount.

As part of a new strategy dubbed 'Telstra 2022', the company said it would increase its cost cutting target from $1 billion to $2.5 billion over the next four years.

Between two and four layers of middle management layers would be eliminated, it said.

Telstra has just over 32,000 employees so the job cuts could affect about one quarter of its workforce.

 


PwC sent anonymous #metoo report

19 June 2018 | AFR

The letter arrived without warning in the mailboxes of almost two dozen senior partners of PwC Australia, including chief executive Luke Sayers, late last year.

Sent anonymously, the missive outlined what the author or authors described as ongoing tolerance of inappropriate behaviour at the big four accounting and consulting firm. It outlined alleged partner conduct at the firm including sexual harassment, bullying and extramarital affairs.


'Desperate people do desperate things': loan fraud alleged at giant

07 June 2018 | Adele Ferguson

The crisis at Mortgage Choice is deepening with documents emerging that show almost half its brokers are considered "low performers" for failing to meet the loan giant's controversial sales targets.


Formula behind CBA's record $700m penalty revealed

06 June 2018 | AFR

The formula that led to Commonwealth Bank's record-breaking $700 million settlement with AUSTRAC has been revealed with the bulk of the penalty being sheeted back to its failure to conduct due diligence on customers or properly assess the risks posed by its high-tech ATM network.


'Unethical' banks under scrutiny as royal commission returns

20 May 2018 | Clancy Yeates & Cara Waters

Senior conservative figures have criticised the big banks for their aggressive treatment of some small businesses, with the royal commission expected to reveal more examples of irresponsible lending and harsh loan enforcement this week.


Budget 2018: Tax cuts for 10 million workers

08 May 2018 | David Crowe

A tax cut for 10 million workers will start on July 1 under a Turnbull government plan to win back middle Australia and prepare for an election, setting up an immediate test in Parliament over income tax reform that will cost an extraordinary $140 billion over a decade.


AMP is still in a world of trouble

08 May 2018 | Adele Ferguson

David Murray may be AMP's new chairman, but come May 10 the company will suffer more embarrassment when it receives a first strike and three directors are tipped to attract a protest vote of up to 30 per cent.


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Mercedes

 

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