Today
Major banks ready to carry Westpac’s Armaguard load
The banks and regulators met on Wednesday afternoon without the cash transit monopoly to work out how to replace Westpac’s unique cash distribution operation.
- James Eyers
Yesterday
- Opinion
- The AFR View
Australia must catch up and get serious about cutting red tape
Deregulation is a good place to start, but cutting red tape alone is not a silver bullet to fix Australia’s economic stagnation.
- The AFR View
- Opinion
- Chanticleer
Super sector lies at heart of ASIC’s public v private debate
ASIC’s upcoming report into the shifts in public and private markets in Australia reflects the structural changes super is driving across the economy and markets.
- James Thomson
This Month
Cass-Gottlieb still gets Qantas VIP treatment
Qantas’ perks system is as hard to quit as the mob, it seems.
- Hannah Wootton
January
Coalition channels Trump and says it will be a ‘friend’ of crypto
Luke Howarth, the Coalition’s financial services spokesman, said Labor’s failure to legislate rules had left ASIC calling the shots in the industry.
- James Eyers
Warning to big super: fix customer service, or we’ll see you in court
Labor’s plan to force superannuation funds to meet minimum standards will add fuel to regulators Margaret Cole and Simone Constant’s 2025 ambitions.
- Hannah Wootton
Mastercard and Visa resist RBA plan to force fee disclosure
The US card giants are pushing back on the central bank’s objective of making their charges more transparent.
- James Eyers
Banks pick fight with RBA over wholesale payment fees
The central bank is considering stricter caps on “interchange fees” in its review of payment costs. Worth $2.1 billion annually, squeezing this could hurt competition.
- James Eyers
War room, webinars: Corporate America tries to cope with Trump blitz
Businesses have been left trying to nail down what the tax, immigration, DEI and energy orders will mean for them.
- Stephen Foley, James Fontanella-Khan and Jamie Smyth
Senior ACCC officials resign en masse from Qantas’ Chairman’s Lounge
The secretive, invite-only club is reserved for top businesspeople and government officials and it gives the airline enormous influence to support its ambitions.
- Ayesha de Kretser
Cheap satellite calls could soon be coming to a phone near you
A new generation of providers with low orbiting networks could transform phone use and challenge major telecoms groups like Telstra and Optus within two years.
- Jenny Wiggins
New think tank urges Albanese to stand up to Trump’s big tech buddies
The prime minister must go head-to-head with American social media giants over plans to regulate them more heavily, the Tech Policy Design Institute says.
- Tess Bennett
Can this $14b start-up rescue TikTok’s US operations?
Perplexity AI, an AI-powered search engine start-up, is proposing a merger with $80 billion behemoth TikTok to get around the US ban.
- Julia Love
December 2024
What the average first home buyer looks like (according to the banks)
The country’s biggest lenders have offered a glimpse into their lending habits in the midst of a debate over whether to ease rules for younger borrowers.
- Lucas Baird
The mistake Trump isn’t making a second time
The motto of Donald Trump’s transition is another Reagan-era motto: “personnel is policy”. Here’s what to expect from his lieutenants in five key areas.
- Matthew Cranston
ASX scrambles to fix CHESS settlements outage as traders fume
At lunchtime on Friday as many stockbrokers went to end-of-year lunches, the market operator said its batch payments had failed, threatening a cash flow crunch.
- James Eyers
ASIC’s attempts to clarify crypto rules confuses digital exchanges
Independent Reserve, BTC Markets and Kraken say new guidance and industry calls have not provided any clarity about whether they will need to obtain licences.
- James Eyers
- Opinion
- Trump's America
Why Musk has hit payday even before Trump takes office
The Tesla chief executive and other super-wealthy entrepreneurs could benefit from deregulation with the new president, but some are already reaping rewards.
- Edward Luce
Super boards, executives failing on unlisted asset valuations
The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.
- Hannah Wootton
Cbus says $387,000 birthday party was in members’ interests
The industry fund used money earmarked for staff professional development to host a 40th birthday bash for more than 750 guests
- Hannah Wootton