Both APRA and ASIC discuss the need to deliver better outcomes for retired Australians. And unemployment rises to a higher than expected 3.7%, according to ABS data, which also showed annual average wage growth up 3.9%.
With the RBNZ maintaining its 5.5% cash rate this week, we ask is New Zealand heading for a soft landing? Those in Auckland next month could hear from a renowned expert when HSBC chief economist Paul Bloxham gives his views at a special FINSIA breakfast event.
Elsewhere in this edition, corporate lawyer-turned entrepreneur Steve Maarbani talks to the FINSIA Podcast about how crowdfunding is helping starts-ups access capital despite the downturn. Find out more here. Finance Minister the Hon Grant Roberston will also be speaking to FINSIA members at another complimentary event, in Wellington.
And don’t miss out on the chance to recognise your peers by nominating them for FINSIA’s Senior Fellows.
ACCC
Small businesses should ask for better electricity plans as market offers exceed safety net
Domestic and international air travel continues to increase but still below pre-pandemic levels
ASIC
ASX Chess response plan, including remediation actions and timelines
Review finds insurers can and should improve claims handling
Proposed extension of design and distribution obligations
ASIC commences greenwashing case against Active Super
APRA
Avenue Bank’s licence to operate as a restricted ADI extended
Final class exemption to own or control an RSE licensee released
How to achieve better outcomes for retired Australians
AUSTRAC
Beware of scams impersonating AUSTRAC
ABS
Unemployment rate rises to 3.7% in July
Average weekly earnings rise in May
WPI rose 0.8 per cent in June quarter, and 3.6% annually
ATO
Guidance on claiming business expenses
AFCA
AFCA consulting on responsible lending approach
RBA
Phillip Lowe’s final appearance before Parliament as Governor
Financial markets important role in addressing climate risk
NEW ZEALAND
RBNZ
Cash rate remains at 5.5% - and at restrictive level for some time
Stress tests largest banks use to test ability to withstand severe, long-term climate risks
NZ STATS
Population growth rebounds on removal of COVID border restrictions
Net 86,800 migration in year ended June biggest since May 2020
Income growth for wage and salary earners remains strong
