Aged care royal commission to examine dark secrets of a complex system

Aged care royal commission to examine dark secrets of a complex system

Almost two decades later,  the words "kerosene baths" can still evoke memories of nursing home horror stories. The scandal, which badly damaged then aged care minister Bronwyn Bishop, saw Melbourne's Riverside Nursing Home closed by the federal government in 2000 after it was revealed 57 residents had been bathed in a weak kerosene solution to…
Westpac reveals world-first procurement automation blockchain proof-of-concept

Westpac reveals world-first procurement automation blockchain proof-of-concept

Westpac is aiming to cement itself as a global leader in blockchain technology, developing one of the world's first proof-of-concepts that digitises inventory management, procurement and trade. The platform integrates internet of things sensors, data analytics, artificial intelligence and blockchain to create a system that can predict demand and price rises for goods, as well…
Angus Taylor slams emission policies as ‘corporate greed dressed up as saving the planet’

Angus Taylor slams emission policies as ‘corporate greed dressed up as saving the planet’

Energy Minister Angus Taylor has slammed greenhouse gas reduction policies as "corporate greed dressed up as saving the planet" while a key ratings agency warned the government-created vacuum in energy policy was putting reliable energy supply at risk by delaying investments in on-demand generation. Standard & Poor's has also warned that the Morrison government's proposed…
F— off Millennials, Boomers want to keep working

F— off Millennials, Boomers want to keep working

When it comes to eye-grabbing book titles, I rarely see anything that beats this one: Please Just F* Off, It's Our Turn Now. The book was a blast against job-hogging Baby Boomers, that smug cabal with their free educations and gorgeous second homes who had sailed into top jobs then refused to step aside for…
AMP financial adviser terminated over ‘systemic issues’ in advice

AMP financial adviser terminated over ‘systemic issues’ in advice

AMP's termination of a financial adviser for charging fees without evidence of advice and for not acting in clients' best interests has been upheld by the Queensland Supreme Court. The company had accused Toowoomba planner Leanne McDonald of "systemic issues" in her advice, including advising clients to transfer to AMP products with substantially higher costs,…
Mike Milken plays down trade tensions, warns on tech regulation

Mike Milken plays down trade tensions, warns on tech regulation

Billionaire philanthropist Mike Milken has played down the threat posed by trade tensions sparked by United States President Donald Trump, and warned that global tech giants will eventually be regulated. Speaking at an event hosted by the Murdoch Children's Research Institute at Melbourne's Royal Children's Hospital, to an audience that included billionaires David Haines and…
How it Sold:  Investor sells Canberra flat as ACT land tax makes it unviable

How it Sold: Investor sells Canberra flat as ACT land tax makes it...

We speak to the team behind the most intriguing recent property sale. The property: A two-bedroom apartment at 14/51 Hampton Circuit Yarralumla, ACT. Sold by private treaty $320,000. Who was the agent/agency? Moira Maloney, Maloney's The Estate Agent Kingston. How long was this on the market? [Moira] 3 weeks.
Banking royal commission: Allianz failed to fix misleading website for years

Banking royal commission: Allianz failed to fix misleading website for years

There's nothing worse than sending a new website live. The meetings, the testing, the technical difficulties – the sheer stress of the whole process. There's always something that goes wrong, big and small. When insurer Allianz sent its updated website live in mid-December 2015, everything looked to be going pretty nicely. The executive in charge…
Banking royal commission live day 55: REST, AMP, Allianz

Banking royal commission live day 55: REST, AMP, Allianz

The Hayne commission will interrogate REST and AMP's role in group life insurance, before moving onto general insurance.
Sydney homes will fall 5pc, Steinert says, while Pozzo, Kelley see growth in Brisbane

Sydney homes will fall 5pc, Steinert says, while Pozzo, Kelley see growth in Brisbane

House prices will fall 5 per cent in Sydney and Melbourne over the next year as credit curbs hold back investors and owner-occupiers take longer to get approval for finance, Stockland chief executive Mark Steinert said. The declines, triggered by weaker performance at the top end of the market, would be greatest in the country's two largest cities while Brisbane…

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