Kirsten Aiken

3 weeks ago | abc.net.au | Adelaide Miller |Kirsten Aiken

The corporate regulator has launched legal action against insurance comparison provider Choosi for allegedly misleading customers through its services. ASIC alleges insurer Hannover paid Choosi about $61 million in commissions since 2019 to solely advertise its products. ASIC says if the Federal Court finds Choosi has misled customers, it will be seeking "substantial penalties".

1 month ago | abc.net.au | Stephanie Chalmers |Kirsten Aiken

A leading tax expert has warned that if the federal government can't get its proposed changes to tax on superannuation accounts with balances over $3 million into law, it will destroy any chances of bigger tax reform. "If Labor falters in getting this proposal through, then we have no chance for future further tax reform," Robert Breunig, professor at Australian National University, told The Business.

1 month ago | abc.net.au | Gareth Hutchens |Rhiana Whitson |Kirsten Aiken

The Albanese government has an opportunity to "change Australia forever" in the next three years, economist Ross Garnaut says. He says Labor's historic election victory on the weekend was reminiscent of John Curtin's famous victory in 1943 that paved the way for policies that led to decades of full employment with rising incomes after World War II, which permanently altered Australian history. "There's an opportunity to do something like that again," he told the ABC.

Mar 11, 2025 | abc.net.au | Daniel Ziffer |Kirsten Aiken

When a business is in trouble, some people spy an opportunity. Soo Kim is the chair of the US casino giant Bally's and is offering a financial lifeline to cash-strapped Star Entertainment. Mr Kim has told The Business he first had eyes on Star a year ago but Bally's formal bid wasn't lobbed until the eleventh hour. When he saw the embattled casino operator was selling its 50 per cent stake in the just-finished Queen's Wharf casino in Brisbane, Mr Kim got on the phone.

Nov 13, 2024 | abc.net.au | Gareth Hutchens |Kirsten Aiken

Economist Nouriel Roubini has warned if Donald Trump's economic ideas are followed to the letter, America's economy could be hit by "stagflation". He said the president-elect will face little discipline to his policies from the political institutions in the United States over the next four years because his Republican Party will be in effective control. That means the only push-back to his economic policies could come from bond traders and others in financial markets.