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With language that largely matches the original proposal, the government’s objective of superannuation is now a step closer to being enshrined in legislation. While industry support remains broadly strong, some take issue with the bill’s wording, some with whether it’s needed at all.

While markets expected a pause, the RBA board’s hawkish tone implying a further cut in August surprised many. For Australia’s property sector in particular, observers say the path to a soft landing may be getting even more treacherous.

With a successful and orderly energy transition “far from guaranteed”, disruptive themes are set to profoundly affect financial markets for years to come, the asset manager said in a new report. Investors should act – and potentially reallocate – accordingly.

Nearly 32,000 customers of Australia’s four major banks fell victim to scams in the 2022 financial year, bearing 96 per cent of the losses as reimbursement and compensation rates remain extremely low. ASIC is now pushing financial institutions to improve their approaches to scams and better support their customers.

In 2016 the number of SMSFs with at least 90 per cent of assets in a single investment class was 30.7 per cent. In the latest annual release that number has improved only marginally to 27.7 per cent.

HMC Capital sees “fantastic opportunities” in the dislocation.

Following the re-opening of global markets post-Covid, there was a sudden change in macro-economic conditions caused by massive stimulus spending and supply constraints. Central bankers were caught asleep at the wheel, while inflation was surging in the background.

Fraudsters are using new and evolved tactics to target a change in consumer behaviour brought on by the pandemic. One Australian bank has taken up the challenge to catch fraudsters at their own game.

Big name Chinese equities including Tencent, Alibaba and JD.com dominated global equity strategies until late 2020. Almost every well-known fund manager in the country had significant weightings to the region on the basis that it had continued to grow strongly during the pandemic and had a strong economic backdrop in the years to come. Naturally,…

ASX weakens on energy sell off, Boral jumps as Pointsbet tanks The S&P/ASX200 (ASX: XJO) finished 0.2% lower on Thursday dragged down by the energy sector, which fell by 2% after the coal price continued to fall significantly. A nuclear accord between the EU and Iran was also cited as a reasoning for the weaker oil price. Boral (ASX: BLD) overcame weakness in…

23-27 August 2021 Economics here and abroad… The ASX200 closed the week up 0.37 per cent, following an easing of Covid-19 cases throughout NSW and Victoria. Australian trade data is due out this week, but the market looks to be more focused on the second quarter GDP numbers and monthly building approvals. Australia could be…

The global pandemic brought the world to its knees, decimating economies in its path, not sparing a single country. It left behind a global recession and mountains of debt. Australia was one of the lucky countries, that successfully worked out how to beat the virus. Even still, Covid-19 and its forced lockdowns had a devastating…