• Some NAB advisers impersonated customers
    AAP7 hours ago

    Some NAB advisers impersonated customers

    Some National Australia Bank financial planners have impersonated customers, forged their signatures and withdrawn money from their accounts. The bank has admitted the misconduct to the banking royal commission, which is examining the incorrect witnessing of beneficiary nomination forms that could potentially

  • AAP7 hours ago

    Minister blasts 'false' live export claim

    The live export industry has been accused of spreading "false information" about a shipment after WA government inspectors noted troubling conditions before it left Fremantle. After the Maysora departed last week it emerged inspectors from the Department of Primary Industries - who had to

  • Gains for ASX despite muted trading
    AAP8 hours ago

    Gains for ASX despite muted trading

    The Australian share market has ended Monday's session higher, ignoring soft Wall Street leads with investors finding value in the big mining companies and the nation's largest lenders. The benchmark S&P/ASX200 ...

  • AAP8 hours ago

    CSG will 'decimate' NSW forest: activists

    A coal seam gas project in northwest NSW which could satisfy half of the state's natural gas demand has the potential to decimate the "Noah's Ark of inland NSW", environmentalists claim. The NSW Department of Planning and Environment received a record 23,007 public submissions relating

  • AAP8 hours ago

    Stocks to watch

    Stocks to watch on the Australian stock exchange: AMP - AMP LTD - down 13 cents, or 3.0 per cent, at $4.17 A global law firm is investigating a possible class action against financial services giant AMP, ...

  • Kogan reports strong 3Q growth
    AAP8 hours ago

    Kogan reports strong 3Q growth

    Online retailer Kogan.com's revenue has jumped by 46.1 per cent for the third quarter as customer numbers and the value of transactions continued to grow. Kogan, which sells products ranging from consumer electronics to insurance and pet accessories, says its gross transaction value rose nearly

  • AAP8 hours ago

    ASIC loses wheat board court appeal

    The corporate watchdog has lost its appeal against a judge's decision to clear a former wheat export executive over secret kickbacks to Saddam Hussein's regime. The Victorian Court of Appeal on Monday dismissed the challenge of a Supreme Court decision clearing former Australian Wheat Board

  • AAP8 hours ago

    iSelect CEO out as profit guidance slashed

    Shares in iSelect have plunged more than 55 per cent to a record low after the online comparison site slashed its 2018 earnings guidance and chief executive Scott Wilson immediately quit. In a statement the board thanked Mr Wilson for his contribution and said it "wishes him all the best in his

  • Myer appoints UK retailer John King as CEO
    AAP9 hours ago

    Myer appoints UK retailer John King as CEO

    Embattled retailer Myer has recruited former UK department stores boss John King to be its next chief executive following a three-month international search. Myer executive chairman Garry Hounsell says Mr King led the turnaround of UK department store chain House of Fraser while CEO in the eight years

  • NAB advisers 'impersonated customers'
    AAP9 hours ago

    NAB advisers 'impersonated customers'

    NAB financial planners have impersonated customers, forged their signatures and withdrawn money from their accounts, the banking royal commission has heard. The inquiry has started dealing with cases of NAB advisers incorrectly witnessing binding beneficiary nomination forms for superannuation funds

  • Ley and farmers disagree over sheep
    AAP9 hours ago

    Ley and farmers disagree over sheep

    A Liberal MP is pressing ahead with laws to ban live animal exports despite efforts by farming groups to convince her against it. Sussan Ley met with the National Farmers Federation's Tony Mahar and WAFarmers' Tony York in Albury on Monday to discuss her plan. The ban is gaining support on

  • AAP9 hours ago

    CSG will 'decimate' NSW forest: greenies

    A coal seam gas project in northwest NSW which proposes to meet half of the state's natural gas demand has the potential to decimate the "Noah's Ark of inland NSW", environmentalists claim. The NSW Department of Planning and Environment has received a record 23,007 public submissions

  • AMP faces likely shareholder class action
    AAP10 hours ago

    AMP faces likely shareholder class action

    A global law firm says it will file a class action within two weeks against financial services giant AMP, which has admitted to cheating customers and lying to the corporate regulator. Quinn Emanuel Urquhart & Sullivan says it has been investigating an action against AMP since early March, when the

  • ANZ's royal commission legal bill at $50m
    AAP10 hours ago

    ANZ's royal commission legal bill at $50m

    ANZ's dealings with the banking royal commission will cost it about $50 million this year, the bank has revealed. The bank has reported it spent $16 million on legal and other costs associated with the royal commission in the first half of the year and flagged a $50 million hit for the full year

  • Morrison promises responsible budget
    AAP10 hours ago

    Morrison promises responsible budget

    The Turnbull government is providing a $260 million GST top-up for the Northern Territory after it lost out in the latest revenue carve-up and $550 million for remote housing. With the May 8 federal budget fast approaching, it is also beefing up staff at the Centrelink call centre by 1000 over the next

  • Give bank tax relief to victims: Hanson
    AAP11 hours ago

    Give bank tax relief to victims: Hanson

    Pauline Hanson is standing by her decision to back the Turnbull government's business tax cuts, but wants the money due to the big banks set aside for victims of their misconduct. The One Nation leader wants the banks to lose the tax relief following their "inexcusable" behaviour exposed

  • AAP11 hours ago

    MMJ buys into Canadian cannabis retailer

    ASX-listed pot stock MMJ Phytotech has invested $CAD1 million ($A1.02 million) in Canadian cannabis retailer Fire & Flower Inc ahead of the legalisation of marijuana for recreational use in Canada. MMJ ...

  • AAP12 hours ago

    Trade exposed US firms to report earnings

    The potential for an intensifying trade dispute to undercut the US stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions. A broad trade war scaled up a list of worries for Corporate

  • Newcrest to dump tailings in Cadia pit
    AAP12 hours ago

    Newcrest to dump tailings in Cadia pit

    Newcrest will use its Cadia Hill open pit as a tailings storage dam, sacrificing remaining gold and copper reserves to help it return to full production after a dam collapse halted operations at its NSW underground mine complex. Newcrest on Monday said using its old Cadia open pit as a long-term tailings

  • AAP12 hours ago

    Morrison provides GST top-up for NT

    Federal Treasurer Scott Morrison is handing the Northern Territory a $260 million GST top-up after the Grants Commission cut its share in last month's 2018/19 revenue carve-up. Mr Morrison said he was not comfortable with the independent carve-up outcome as GST represents about half of the NT'

  • Home values steady for second week
    AAP12 hours ago

    Home values steady for second week

    Property prices around Australia's capital cities have remained flat over the past month and are now showing a drop of more than one per cent on average so far in 2018 due to continuing weakness in the ...

  • AAP13 hours ago

    Aussie pot stock takes stake in retailer

    ASX-listed pot stock MMJ Phytotech has acquired a small 1.6 per cent stake in Canadian cannabis retailer Fire & Flower Inc for $CAD1 million ($A1.02 million). Edmonton-based Fire & Flower plans to open ...

  • Aust shares higher, led by miners, banks
    AAP13 hours ago

    Aust shares higher, led by miners, banks

    Gains by the major miners followed by the financials have driven the share market modestly higher at noon. The benchmark S&P/ASX200 index was up 0.22 per cent at 5,881.8 points at 1200 AEST, while the ...

  • ANZ put growth ahead of clients' interests
    AAP13 hours ago

    ANZ put growth ahead of clients' interests

    ANZ admits the growth of its financial planning business was put ahead of customers' best interests before changes to financial advice laws. ANZ changed the bonus system for its directly employed financial planners following the Future of Financial Advice reforms that banned commissions for advisers

  • AAP13 hours ago

    Seed farms help African farmers in drought

    Farmers in Cameroon struggling with the effects of prolonged drought are finding relief through a government-supported initiative to give them access to better crop seeds. The Southwest Development Authority (SOWEDA) has partnered with local farmer organisations to create seed farms that now supply