Firms are taking big bets on the technology’s potential to transform consulting work. But they shouldn’t lose sight of the unique value humans can bring.
It’s not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages.
Kevin Davis, Australian Centre for Financial Studies
Applying the GST to banking has much sounder economic underpinnings than the current levy, would have raised much more revenue, and would have applied to all banks rather than just the big banks.
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
ASIC is telling CommInsure to do what it should have been doing all along. Let’s forget the past and mistreatment of customers, it’s paradise for firms that prey on the sick and dying.
Less than three months from his second budget, Treasurer Scott Morrison is not in a happy place. The last week has been a disaster for him, culminating in the weekend exit of his strategy and communications…
Bank customers usually stay with their bank despite scandals in the sector, however new tech that gives consumers more information might help them switch.
The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
The competition in Australia’s contactless payment industry is heating up as Apple Pay sets up in Australia. However some banks claim the company is making the system less competitive.
As the chief executives of Australia’s big four banks come before a House of Representatives economics committee, we ask a panel of experts what questions the banks should be answering.