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02 December 2020 • By Lachlan Maddock • 1 min read

‘The trend is our friend’ as economy bounces back

Treasurer Josh Frydenberg has warned that while the recession might be over, the recovery isn’t – and that Australia still has a long way to go

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APRA’s hands tied on industry fund donations

APRA says that political donations don’t meet the sole purpose test, but that it can’t take action to stop super funds from making them

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Australia exits recession

The Australian economy saw strong growth in the September quarter, ending its first recession in 29 years. Economic activity rose 3.3 per cent over ...

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Former Cbus boss to be AMP Capital deputy CEO

AMP has signalled former Cbus head David Atkin will take the role of deputy chief executive for its asset management arm. Mr Atkin, previously the ...

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NAB makes executive appointment

The bank has appointed a new chief operating officer from the executive ranks of the Royal Bank of Scotland (RBS). Les Matheson will join NAB as ...

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Mercer reforms fees, allocations

Mercer has rolled out a series of changes to its super trust products, including a 36 per cent reduction to its headline MySuper asset-based ...

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Aussie investors don’t feel COVID fear

The portfolios of Australian investors have been hit harder by COVID than many of their global peers, but most believe that things are looking up

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Government claims stimulus win

Use of the government’s JobKeeper package has fallen sharply, with millions of businesses getting off the support as the recovery kicks into high gear

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‘Immature and reactive’: APRA slams Westpac risk culture

The chief of Westpac has vowed to remedy the bank’s shortcomings, as APRA has slapped it with a wave of new obligations and blasted its risk culture

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Vaccine to rescind stay-at-home norm: SG Hiscock

A portfolio manager with SG Hiscock has said the news of vaccines to be rolled out has been a “wake-up call” for markets, tipping consumers will ...

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