Wealth industry needs an overhaul

Kenneth Hayne looks open to banning grandfathered commissions and the separation of banks and wealth. He should also consider a new licensing regime for advisers.

Aurizon and other thermal coal infrastructure comoanies wnat to be compensated for "stranded asset" risk associated the ...

Aurizon wants compo for carrying coal

Aurizon and other infrastructure owners want compensation for the risk their rail lines and ports could be made obsolete by the shift from fossil fuels.

Hayne raises new regulator idea

Buried in the 1000-page report is a reference to a "financial regulator assessment board" recommended by former banker David Murray in his review of the financial system.

Opinion

John Kehoe

Attack banker pay, not credit flow

The danger entering election season is that politicians try to outdo each other by layering sweeping regulations on banks that constrict credit flow to households and business

ASIC chair Greg Medcraft says the lack of competition in the banking sector remains an issue.

How to end ASIC being captured

Despite ASIC constantly crying poor, the Hayne report shows that it has simply not enforced the laws that governments have enacted.

Small businesses are swamped by the increasing burden of compliance and paperwork.

Like rust, red tape never sleeps

At a cost of almost $20,000 per person, regulatory reform is urgently required to cut the amount of red tape faced by Australian businesses.

"We are very close to achieving profitability and proving the naysayers wrong, but, to be certain, we must execute ...

Tesla's near profitability, says Musk after $US20m fine

Elon Musk has told Tesla employees that the company was on the cusp of making money, hours after he and the carmaker reached a settlement with the US that steps up oversight of the chief executive officer's communications of material information.

Personal Finance

Tesla must appoint an independent chairman, two independent directors, and a board committee to set controls over Elon ...

Musk to resign as chair, remain as CEO

Tesla and Elon Musk have agreed to pay $US20 million ($27 million) each to financial regulators and the billionaire will step down as the company's chairman but remain as chief executive.

Mortgage brokers in damage control

The MFAA says any call by the Hayne inquiry to eliminate broker commissions will have "unintended consequences" by reducing competition for home loans.