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20 June 2017 |
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.
19 June 2017 |
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.
19 June 2017 |
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).
16 June 2017 |
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.
14 June 2017 |
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.
11 June 2017 |
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.
07 June 2017 |
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.
31 May 2017 |
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”.
28 May 2017 |
I can't really put my finger on the precise moment I embraced my own male mediocrity. It was more a dawning realisation.
Be it striding confidently onto stage to deliver a lecture with minimal preparation, having the sheer audacity to think I can pull off live TV or radio, or even sharing my thoughts with you here, its warm embrace is always with me.
24 May 2017 |
The Department of Prime Minister and Cabinet paid $1.3 million through recruitment firms to the company at the centre of what is allegedly one of the largest tax frauds in Australian history, a Senate estimates committee has heard.
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