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01 June 2020 • By Sarah Kendell • 1 min read

Chinese financier stakes claim on Madison sale

Platform provider OneVue has conceded that a recent claim from a Chinese creditor regarding the collapse of Sargon could see a further court battle ...

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Linchpin directors cop 5-year ban

Three former directors of liquidated advisory firm Linchpin Capital have been banned from financial services for five years. In a statement, ASIC ...

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Real unemployment approaching 10%

Treasury has revealed to the Senate committee on COVID-19 that April’s unemployment figures could be much higher than indicated due to the large ...

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Up to 150 fund members affected by early release scam

The Australian Federal Police are investigating a fraud committed through the government's early release of super scheme where up to 150 super fund ...

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Preferred bidder emerges for dealer group sale

A preferred bidder will be selected this week to purchase a privately owned dealer group whose fate has been in limbo since receivers were appointed ...

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Statement of agreed facts filed in NAB case

A statement of agreed facts and admissions has been filed in the Federal Court by ASIC, MLC Nominees and NULIS. The statement sets out facts that ...

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November rate cut unlikely

A rate cut in November is less likely following the release of CPI data, but quantitative easing remains an option for the RBA. The Australian ...

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Aussie finance vulnerable to cyber-attack

Australian financial institutions are at greater risk of cyber attack than ever before due to their lucrative nature and outdated IT systems

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Aussies most anxious about retirement: Franklin Templeton

Australians are more anxious about their retirement savings than their global peers, according to a report from Franklin Templeton. Around 70 per ...

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Fed cuts rates, citing global uncertainty

The US Federal Reserve has cut rates by a quarter point, citing continued global uncertainty and low inflation. This is the Fed’s third rate cut of ...

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