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Royal Commission Into Misconduct In The Banking, Superannuation And Financial Services Industry
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, also known as the Banking Royal Commission and the Hayne Royal Commission, was a royal commission established on 14 December 2017 by the Australian government pursuant to the Royal Commissions Act 1902 to inquire into and report on misconduct in the banking, superannuation, and financial services industry. The establishment of the commission followed revelations in the media of a culture of greed within several Australian financial institutions. A subsequent parliamentary inquiry recommended a royal commission, noting the lack of regulatory intervention by the relevant government authorities, and later revelations that financial institutions were involved in money laundering for drug syndicates, turned a blind eye to terrorism financing, and ignored statutory reporting responsibilities and impropriety in foreign exchange trading. The Honourable Kenneth Madison Hayne , the forme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABC (Australian TV Channel)
ABC TV, formerly known as ABC1, is an Australian national public television network. It is owned and operated by the Australian Broadcasting Corporation, and is the flagship (broadcasting), flagship ABC Television (Australian TV network), ABC Television network. The headquarters of the ABC TV channel and the ABC are in Ultimo, New South Wales, Ultimo, an inner-city suburb of Sydney, New South Wales. The network began operating on 5 November 1956 as the ABC National Television Service, starting in Sydney, followed by Melbourne, with other stations being established in state capitals and regional areas in the following years. In the 1960s and 1970s, the network was also referred to as ABC National Television, or ABC Television. Until the introduction of digital terrestrial television in Australia, digital television in 2001, the network was the only domestic television service broadcast by the ABC. On 8 February 2008, the channel was renamed ABC1, before being rebranded as ABC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ian Narev
Ian Mark Narev (born 22 April 1967) is the CEO of SEEK Limited. He is a former managing director and chief executive officer of the Commonwealth Bank Group commencing these roles on 1 December 2011 and being succeeded by Matt Comyn. Narev was educated at Auckland Grammar School in New Zealand and holds an undergraduate degree from the University of Auckland as well as graduate degrees from Cambridge University and New York University. From 1998 until 2007, Ian worked at McKinsey & Company, in the New York, Sydney and Auckland offices. He left to join the Commonwealth Bank. On April 1, 2019 Narev was announced as the COO and CEO of the Asia-Pacific and Americas division of the Australian-based job-board SEEK. Personal life Ian Narev was born in Auckland to a Jewish family. As a child, he starred in a New Zealand television series Children of Fire Mountain. He lives in Australia with his wife Frances and their three daughters, Emilia, Zoe, and Alexandra. Commonwealth Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABC News (Australia)
ABC News, or ABC News and Current Affairs, is a public news service produced by the Australian Broadcasting Corporation. Broadcasting within Australia and the rest of the world, the service covers both local and world affairs. The division of the organisation, which is called ABC News, Analysis and Investigations. is responsible for all news-gathering and coverage across the Australian Broadcasting Corporation's various television, radio, and online platforms. Some of the services included under the auspices of the division are the ABC News TV channel (formerly ABC News 24); the long-running radio news programs, '' AM'', '' The World Today'', and '' PM''; ABC NewsRadio, a 24-hour continuous news radio channel; and radio news bulletins and programs on ABC Local Radio, ABC Radio National, ABC Classic FM, and Triple J. ABC News Online has an extensive online presence which includes many written news reports and videos available via ABC Online, an ABC News mobile app (ABC L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Securities And Investments Commission
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the ''Australian Securities and Investments Commission Act 2001''. ASIC, which reports to the Treasurer, is responsible for the administering the following legislation: * '' Australian Securities and Investments Commission Act 2001'' (ASIC Act) * '' Business Names Registration Act 2011'' * '' Corporations Act 2001'' (Corporations Act) * ''Insurance Contracts Act 1984'' * '' National Consumer Credit Protection Act 2009'' (National Credit Act) Additionally, ASIC is also responsible for administering parts of the following legislation: * '' Banking Act 1959'' * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Bishop
Thomas Mark Bishop (born 29 June 1954) is a former Australian politician who served as an Australian Labor Party member of the Australian Senate representing the state of Western Australia from July 1996 until June 2014. He was born in Adelaide, South Australia and was educated at the University of Adelaide and Harvard University. He was an industrial officer and union secretary before entering politics. Bishop has been Shadow Minister for Veterans' Affairs 2001–04, Shadow Minister for Customs 2003–04 and Shadow Minister for Defence Industry, Procurement and Personnel 2005–2006. In December 2006, Bishop announced that he would not recontest his Senate seat, due to expire on 30 June 2008. However, before the 2007 he decided to recontest and was re-elected for a further six-year term. In the Rudd Labor Government ''Scardinius'' is a genus of ray-finned fish in the family Cyprinidae commonly called rudds. Locally, the name "rudd" without any further qualifiers is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Senate
The Senate is the upper house of the bicameral Parliament of Australia, the lower house being the House of Representatives. The composition and powers of the Senate are established in Chapter I of the Constitution of Australia. There are a total of 76 senators: 12 are elected from each of the six Australian states regardless of population and 2 from each of the two autonomous internal Australian territories (the Australian Capital Territory and the Northern Territory). Senators are popularly elected under the single transferable vote system of proportional representation. Unlike upper houses in other Westminster-style parliamentary systems, the Senate is vested with significant powers, including the capacity to reject all bills, including budget and appropriation bills, initiated by the government in the House of Representatives, making it a distinctive hybrid of British Westminster bicameralism and American-style bicameralism. As a result of proportional representation, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emergin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Broadcasting Corporation
The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is principally funded by direct grants from the Australian Government and is administered by a government-appointed board. The ABC is a publicly-owned body that is politically independent and fully accountable, with its charter enshrined in legislation, the ''Australian Broadcasting Corporation Act 1983''. ABC Commercial, a profit-making division of the corporation, also helps to generate funding for content provision. The ABC was established as the Australian Broadcasting Commission on 1 July 1932 by an act of federal parliament. It effectively replaced the Australian Broadcasting Company, a private company established in 1924 to provide programming for A-class radio stations. The ABC was given statutory powers that reinforced its independence from the government and enhanced its news-gathering role. Modelled after the British Broadcasting Corporation (BBC), which is funded by a tel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Plan
In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance, a financial plan can focus on other specific areas such as risk management, estates, college, or retirement. Context of business In business, a financial plan can refer to the three primary financial statements (balance sheet, income statement, and cash flow statement) created within a business plan. Financial forecast or financial plan can also refer to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Bank
The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank. Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the " big four" Australian banks, with the National Australia Bank (NAB), ANZ and We ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
