Business News

Multiple warnings and huge fines are not stopping super funds, insurers and banks overcharging customers

Written by Jeannie Marie Paterson, Professor of Law, The University of Melbourne

Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers.

The company had breached its legal obligations under the Superannuation Industry (Supervision) Act 1993 by failing to identify and merge the duplicate accounts of customers.

Given the individual errant fees...

Building a Strong Foundation: Key Pillars of Successful Business Operations
Strategic Business Planning: Charting the Course The very first step toward operational excellence begins with purposeful …
6 simple questions to tell if a ‘finfluencer’ is more flash than cash
Oleg Golovnev/ShutterstockImages of flashy sports cars. Lavish lifestyle shots. These are just some of the red flags consumer…
Australia’s superannuation regulator is worried about your fund’s spending. Should you be?
GettyImagesskynesher/GettyAustralia’s superannuation regulator has written to Australian superannuation funds raising c…
How Local SEO Helps Trade Businesses Win More Jobs in Competitive Areas
Running a trade business in a competitive area means ranking in local search results is non-negotiable. Visibility leads to…
‘I’m going to send letters’: the deadline for Trump’s ‘reciprocal’ trade tariffs is looming
Brendan Smialowski/AFP via Getty ImagesUS President Donald Trump’s 90-day pause on implementing so-called “recipr…
News laws to make it harder for large Australian and foreign companies to avoid paying tax
The Conversation, CC BYThe beginning of the financial year means for the first time in Australia the public will see previous…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

How Sydney Drone Photography Transforms the Way Properties Are Marketed
Key Highlights Drone photography provides stunning aerial perspectives, showcasing properties in a way that traditional photography cannot match. This innovative technology allows real estate agents to highlight property features, surrounding amenities, and…

Australia Post wants to charge more for stamps next year. Here’s why it has to keep letters alive
Remember back at the turn of the millennium, when sending a small letter only cost 45 cents? If you haven’t used the postal service recently, you might be in for…
How to clear Disk Space on an old Mac
The older your Mac gets, the more it starts to slow down and feel sluggish while using. While there are a few reasons this could be the case, one of…
Secret men's business – why the public image of economics is bad news for all of us
What is economics all about? Ask a person in the street and the most likely answer will be along the lines of “economics is about money, earning money, something similar…

For many Australian businesses, growth increasingly depends on thinking beyond local borders. As wage pressures rise, and specialised talent pool...

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...