AAP

Morrison shelves Future Fund super default plan amid union backlash fears

Morrison shelves Future Fund super default plan amid union backlash fears

Several government ministers including Treasurer Josh Frydenberg, Minister for Jobs and Industrial Relations Kelly O’Dwyer and Assistant Treasurer Stuart Robert thought a public default fund option had merit and was worth exploring, sources said.But behind the scenes, Finance Minister Mathias Cormann, who has sided with the financial services industry on past policy fights such as…


‘Right to be cautious’: Philip Lowe, Matt Comyn back a role for mortgage brokers

‘Right to be cautious’: Philip Lowe, Matt Comyn back a role for mortgage brokers

“I think it is really important that the broking industry is certainly not disadvantaged,” Mr Comyn said.Dr Lowe said he strongly agreed that mortgage brokers should operate under a best interest duty, another recommendation of the royal commission, and given they “essentially are providers of financial advice” they should operate under the same regulatory regime.”However,…



Rocky Horror for Craig McLachlan as criminal charges laid

Rocky Horror for Craig McLachlan as criminal charges laid

The actor launched defamation proceedings against the outlets and co-star Christie Whelan Browne, and is seeking $6.5 million in damages in a defamation trial set down for four weeks from February 4.Declined to co-operateAt a preliminary hearing of the case in November, the Supreme Court was told that Mr McLachlan had declined to co-operate with…