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Wayne Swan defends controversial CFMEU appointments to Cbus board

Wayne Swan defends controversial CFMEU appointments to Cbus board

The super giant’s chairman was hauled before a Senate committee, where he was grilled over the governance failings engulfing the embattled fund.

  • by Sumeyya Ilanbey

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$27 billion blowout as Chalmers admits budget sinking further into red

$27 billion blowout as Chalmers admits budget sinking further into red

The nation’s finances will be a key battleground at next year’s election. New figures suggest the budget bottom line is getting much worse.

  • by Shane Wright
Cbus board appointments prompts tough talk from APRA

Cbus board appointments prompts tough talk from APRA

The regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions, after the fund said three CFMEU-linked directors had passed a fit and proper persons test and would be appointed to its board.

  • by Sumeyya Ilanbey
Relax lending rules to boost mortgage competition: Bendigo CEO

Relax lending rules to boost mortgage competition: Bendigo CEO

Bendigo’s new chief says rules that require banks to test if a customer could handle a 3 percentage point interest rate rise are “not good for competition”.

  • by Sumeyya Ilanbey
Aussie super funds racked up $12b in expenses. See how much your fund is spending

Aussie super funds racked up $12b in expenses. See how much your fund is spending

Should superannuation funds spend millions of dollars on advertising? What is the financial benefit of sponsoring AFL teams? These are the questions the regulator has been asking.

  • by Sumeyya Ilanbey and Craig Butt
‘Not happy with us’: ANZ scrambles to get its house in order amid scandals

‘Not happy with us’: ANZ scrambles to get its house in order amid scandals

ANZ has been battling to contain the fallout from a suite of scandals in the bank’s institutional division over the past few months.

  • by Sumeyya Ilanbey
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Should it be easier for the banks to give you a home loan?
Opinion
Home loans

Should it be easier for the banks to give you a home loan?

If a range of sugar-hit policies spur fresh demand leading to higher property prices, ownership could remain beyond the reach of many Australians.

  • by Elizabeth Knight
Private hospitals suspending ‘unprofitable’ surgeries as stoush with insurers deepens
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Healthcare

Private hospitals suspending ‘unprofitable’ surgeries as stoush with insurers deepens

One surgeon said many private hospitals were cutting theatre lists for plastic, breast and maxillofacial surgeons.

  • by Sumeyya Ilanbey and Henrietta Cook
APRA goes loco on CoCo, sounding the death knell for bank hybrids
Opinion
Bonds

APRA goes loco on CoCo, sounding the death knell for bank hybrids

The financial regulator is planning to phase out a form of bank capital that has proven wildly popular with Australian retail investors.

  • by Stephen Bartholomeusz
CFMEU official misused position to slug super fund with fees, APRA claims

CFMEU official misused position to slug super fund with fees, APRA claims

Documents reveal the detailed allegations made against Michael O’Connor by the regulator, which is seeking to remove the union boss from the board of First Super.

  • by Sumeyya Ilanbey
Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS

Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS

A Westpac whistleblower has said she was bullied after making internal complaints about suspected criminal activity at the bank’s RAMS Home Loans mortgage broking subsidiary. 

  • by Sumeyya Ilanbey

Original URL: https://www.smh.com.au/topic/australian-prudential-regulation-authority-jl7