Latest industry news

  1. Crown fined $300k, but 'did not deliberately' tamper with pokie buttons: regulator

    The illegal altering of buttons on poker machines at Melbourne's casino was not a deliberate decision by Crown management, but a move carried out by a small group of staff without approval, Victoria's gambling regulator says.

  2. Can the Turnbull Government make the election all about tax?

    The Government is pinning its hopes on making this election all about tax — casting itself as champion of lower tax and Labor as being signed up to what Mr Morrison dubs the "high tax club", writes Michelle Grattan.

  3. Business in 90 Seconds

    In this update: the banking royal commission took a dramatic turn yesterday when the head of a financial advice firm collapsed in the stand after being accused of lying; shares in the country's second largest mortgage lender Westpac tumbled after analysts at investment bank UBS suggested it's time for investors to sell; Telstra has been fined 10 million dollars for misleading customers about its 'premium direct billing' service; while the battle for equal pay rolls on there are 80 jobs where women in Australia average more earnings than men.

  4. Amazon surges after-hours, Facebook rebound sends Wall Street surging

    US markets rally on the back of strong profit results from Facebook and Visa, helping the technology sector snap its five-day losing streak.

  5. Royal commission shows us why financial planning, in its current form, isn't worth the risk

    The scandalous revelations coming out of the royal commission have reinforced that financial planning, in its current form, isn't worth the risk, writes Andrew Robertson.

  6. Bankers trawling gyms for new customers: What could possibly go wrong?

    Revelations at the banking royal commission show how far lending standards have fallen and how little financial regulators have done about it, write Therese Wilson and Gill North.

  7. Sanjeev Gupta speaks to The Business

    The man that saved the Wyalla steelworks from closure last year is busy with its expansion plans. The Indian British billionaire with a heart of steel wants to increase the plants current one million tonne output tenfold within a few years.

  8. How the peak financial planning body protected a banned adviser

    Financial planners were back in the dock at the banking royal commission facing allegations of protecting their own. One industry association didn't expel a banned adviser while the other admitted to protecting the identities of wrong doers.

  9. Lindsay David speaks to The Business

    One prediction out of the flood of revelations on dodgy loans out of the banking royal commission is that the cost of borrowing is going to rise. The founder of LF Economics, Lindsay David has been investigating declining lending standards.

  10. Telstra slapped with $10m fine after customers charged for content they didn't sign up for

    Telstra is fined $10 million in the Federal Court for signing up almost 100,000 of its mobile customers to be charged directly for third-party online content, such as ringtones and games, without their knowledge or agreement.

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