Hayne exposes secret super fees
![Commissioner Kenneth Hayne detected a flaw in Suncorp's argument: 'On the face of it, the member is paying twice. Isn't ...](http://web.archive.org./web/20180814184105im_/https://www.afr.com/content/dam/images/h/0/v/z/1/4/image.related.afrIndexLeadWide.460x260.h13y96.gshfrb.png/1534258095560.jpg)
The murky realm of super administration fees has provided rich pickings for the Hayne royal commission where Suncorp was caught out charging members twice.
The murky realm of super administration fees has provided rich pickings for the Hayne royal commission where Suncorp was caught out charging members twice.
Australia could be headed for an energy and power price election after a majority of Coalition MPs endorsed the NEG.
Assuming the states sign off on the NEG, both Labor and the government are happy to have a fight over emissions targets all the way to the election.
Some $1.3 billion has been wiped off the value of Janus Henderson Group since the decision to appoint Dick Weil as the sole CEO.
As recently as February 2016, Whitehaven Coal was a local pin-up for the promoters of the stranded asset theory. But now MD Paul Flynn has turned it around.
Sydney's residential property investors have been hit with falling rents and rising vacancies as the country's largest city suffers an unexpected oversupply of new dwellings.
It might be ferocious lawyers rather than politicians or regulators who force real change on the banks.
Investors that backed Shoes of Prey have had their investment written down to less than 13 cents in the dollar as it faces a last-ditch bid to secure a funding lifeline.
The Turnbull government has escalated its trade dispute with Canada over discriminatory treatment of Australian wine exports.
Cochlear has decided to double the size of the manufacturing plant it is building in China as outstanding profit continues.
The bank has submitted breaches of its licence at an alarming rate according to its own analysis.
CBA's failure to properly plan for a mandated low-cost default super fund saw it breach superannuation laws 15,000 times, the Hayne royal commission has heard.
The RBA is running discretionary monetary policy settings already, so why not just formalise a lower inflation target, asks Betashares economist David Bassanese.
The populist playbook is to create a monster out of markets as a way to deflect blame from their own irresponsible policies. That will only make things worse.
The sharemarket climbed to within a point of a fresh decade high as fears that Turkey's economic problems would spill over to the rest of the global financial markets eased.
Compared with two decades ago, emerging markets now have the potential to wreak far more havoc in commodity markets.
The eurozone crisis showed how deficits don't matter, until they do. The US must summon political will before that happens.
A win is a win. But the power market is so complicated that most voters will really just follow their prejudices as politicians on all sides try to exaggerate the benefits or the disastrous impact of particular policies on prices.
As recently as February 2016, Whitehaven Coal was a local pin-up for the promoters of the stranded asset theory. But now MD Paul Flynn has turned it around.
Assuming the states sign off on the NEG, both Labor and the government are happy to have a fight over emissions targets all the way to the election.
Labor's climate spokesman Mark Butler has seemingly turned the economics of the debate on its head.
Spending on corporate hospitality is a necessary evil, Hostplus chief executive David Elia told the Hayne royal commission.
Foreign Minister Julie Bishop and Bluescope chief Mark Vassella made the case for lower company taxes, despite a bill being unlikely to pass the Senate.
Business and philanthropic figures bristle at the idea that the private sector can't mobilise resources to help save the Great Barrier Reef.
The government and opposition are at odds of whether more renewable energy in the mix would help or hurt power prices.
Television personality Andrew Denton and former Australian Medical Association president Brian Owler are lobbying senators to end a ban on assisted dying laws in the ACT and Northern Territory.
The past 18 months have been an aberration in a long history of balanced relations with Beijing.
China's economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low.
A man has been arrested after a car crashed into security barriers outside Britain's Houses of Parliament, Scotland Yard says.
Tesla CEO Elon Musk tweeted that he would work with buyout firm Silver Lake and Goldman Sachs as financial advisers on a move to take the company private.
In an "update" posted on Tesla's website, Elon Musk's description makes Tesla's funding for going private sound highly conditional, not anything like "secured".
It might be ferocious lawyers rather than politicians or regulators who force real change on the banks.
It's been a decade since former New York hedge fund manager Whitney Tilson made millions by betting against Lehman Brothers before it collapsed.
Westpac has provided further details to its financial planners about a pay overhaul starting in October, despite delaying the move for a much smaller group of so-called partnership planners.
The incoming chief executive of Deloitte Australia, Richard Deutsch, said the corporate regulator should name and shame firms that fall below an "acceptable threshold" of audit quality.
For someone who shuns the spotlight, chemicals billionaire Jim Ratcliffe - the UK's wealthiest person - has been in the news rather a lot lately.
Being upstaged by a stand-in is one of the great unspoken fears of working life.
At what point is it too late for a CEO to keep apologising and promising his company will do better?
Australian researchers join the dots and find a transformational treatment for high blood pressure that could be effective globally.
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