What are franking credits, how do they work and who is entitled to them? What is a franking credit? Franking credits are only available to Australian residents, and not to foreign owners of Australian companies. A franking credit is an...
The current executives and boards of the nation's banks are not the right people to repair the financial industry's damaged culture, says Graeme Samuel, who is about to embark on a sweeping review of the banking watchdog in response...
A reverse death tax that helps the rich The dividend imputation system is a rort Australia can’t afford, write Emma Dawson and Tim Lyons. Australia’s dividend imputation system was introduced by Paul Keating in 1987. Its purpose was to eliminate double...
At a time when the number of people studying economics is at a record low, the number of politicians citing economics 101 seems to be at a record high. Take our current prime minister, Scott Morrison. When asked to...
Doubts have been raised whether the nation’s two peak financial regulators will be able to sharply lift their efforts after the banking royal commission recommended they take more strong-arm action while facing extra oversight from an independent authority. Both the...
Hayne’s failure to tackle bank structure means that in a decade or so another treasurer will have to call another royal commission Andrew Linden, RMIT University and Warren Staples, RMIT University Every 10 to 15 years it’s the same. Ever since financial...
Compensation scheme to follow Hayne’s indictment of financial sector Michelle Grattan, University of Canberra The Morrison government has promised to establish a compensation scheme of last resort - paid for by the financial services industry - as it seeks to avoid...
Banking Royal Commission: no commissions, no exemptions, no fees without permission. Hayne gets the government to do a U-turn Peter Martin, The Conversation Treasurer Josh Frydenberg was glossing over history when he said the final report of the banking royal...
The government hopes to neutralise the shocking royal commission evidence by accepting everything Kenneth Hayne recommended In political terms, it’s blindingly obvious why. A federal election is in sight. The Coalition is vulnerable on this issue, having spent years obstructing...
Kenneth Hayne’s report into the banking and financial services industry makes 24 referrals to the regulators Asic and Apra to take action over misconduct. It also made 76 recommendations for how the problems can be fixed and contained scathing criticism...