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Disclosure doesn’t stop poor advice outcomes, ASIC finds

Disclosure doesn’t stop poor advice outcomes, ASIC finds

by Shared by the ifa | Oct 16, 2019 | News

ASIC’s Report 632, Disclosure: Why it shouldn’t be the default, examined multiple cases both locally and internationally where financial product disclosure has been less effective than intended, ineffective or has actually backfired, contributing to consumer harms....
‘Complete hassle’: Refund policies miss the mark

‘Complete hassle’: Refund policies miss the mark

by Shared by MyBusiness | Oct 16, 2019 | News

Just a day after it was revealed that both Target and Big W had faced ACCC intervention over their customer returns policies, technology company Oracle unveiled the results of its global research it had conducted to coincide with its Retail Industry Forum in Spain....
New bill supporting first home buyers passed

New bill supporting first home buyers passed

by Shared by Accountants Daily | Oct 16, 2019 | News

Passed this week, the National Housing Finance and Investment Corporation Amendment Bill 2019 will introduce the First Home Loan Deposit Scheme, allowing up to 10,000 eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little...
Scammers posing as federal officers try to extort money from taxpayers

Scammers posing as federal officers try to extort money from taxpayers

by Maja Garaca Djurdjevic | Oct 15, 2019 | News

The South Australian police have issued a warning to the public after two men impersonating federal officers tried to extort money from an Adelaide couple earlier this week. At 3pm on Monday, 14 October, the victim received an automated phone message telling him he...
IMF predicts synchronised slowdown in global growth, warns rate cuts are not enough to stop it

IMF predicts synchronised slowdown in global growth, warns rate cuts are not enough to stop it

by Shared by the ABC | Oct 15, 2019 | News

The International Monetary Fund is predicting a “synchronised slowdown” with global growth in 2019 downgraded once again to 3 per cent — noting a “serious climbdown” from 3.8 percent in 2017. Read more at the ABC. 
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