SafetyCulture's $30m raising
APRA to determine whether banker pay is increasing risk
Wayne Byres, chairman of APRA, which will begin a review of banker pay's impact on risk. Quentin Jones The prudential regulator will investigate the pay structures of senior banking executives after finding that some banks' strategy of chasing growth and market share allowed mortgage loan standards to slip.The intervention was announced in a new report from the Australian Prudential Regulation Authority that warns banks have a long way to go ..>> view originalFunds need to invest in housing, says Australian Super chair
Reserve Bank board member Heather Ridout has backed a greater role for institutional investors in funding more affordable housing.Ms Ridout, who also chairs Australian Super, told a panel at a Citi conference, that the fund had invested in social housing in London, where it has backed residential development projects that include social housing. Annabel Spring, Commonwealth Bank, head of wealth management, Lucy Turnbull, Greater Sydney Commission, chief commissioner and Heather Ridout, Re..>> view originalDoing business in China involves playing by strict rules
The arrest of Crown Casino staff in China reinforces the importance of Australian businesses understanding the playing field and the rules of the game when doing business in China.We don't know the exact circumstances that led to Chinese authorities arresting 18 Crown employees, including three Australians, so it's important not to rush to judgment. More Business Videos Previous slide Next slide The impact of ChinaĆ¢s raids on Crown Resorts Philip Lowe's firs..>> view originalTatts, Tabcorp bet on $9.4bn link
Cochlear warns ending tax break could send R&D offshore
Aurizon warns of freight impairments
Sharp jump in property owners failing to pay rates
Melbourne's apartment boom has resulted in soaring numbers of central city property owners defaulting on rate notices and a sharp jump in legal action to recover millions of dollars owed.The steep rise in owners failing to pay rates follows hard on the heels of the latest warning of an apartment glut by the Reserve Bank of Australia. Construction sites in Melbourne. Photo: Eddie Jim Over a four-year period to June this year, the amount of unpaid rates in the CBD and Southbank has doubled..>> view originalMortgage Choice chair blasts proxy firms
Departing Mortgage Choice chairman Peter Ritchie has launched an attack on proxy advisers, saying they are hurting Australia with "thoughtless recommendations", and questioned their level of influence in the nation's boardrooms. Mr Ritchie, who said Tuesday's annual general meeting would be his last, took a parting shot at proxy advisers for recommending a vote against the company's renumeration package. The former McDonalds Australia chairman took exception to recommendations by proxy advisers..>> view originalThis is how many smashed avos you'd have to sacrifice to buy this house
How to get the most out of your savings1:35What can you do to make your savings work for you, to get the best return? Hey kids! You’re spending too much money on avocado on toast. Pic Tim MarsdenBERNARD SALT wrote an article in The Australian on the weekend that really, really upset some millennials. The KPMG partner and demographer said that young Australians should spend less on breakfast and instead save for a home deposit.In the column Salt bemoans the “evils of the hipster cafe”.“I have se..>> view original
Sunday, October 30, 2016
SafetyCulture's $30m raising and other top stories.
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