Medibank Private was one company whose shares soared after the unexpected Coalition victory. Their shares went up 11.5 per cent as the Australian stock market reached a 12-year high. Medibank CEO Craig Drummond tells Ross Greenwood they will fight to keep premiums from rising. “What future rises will be, if any, will be determined at […]

Liberal MP Michelle Landry says she won the seat of Capricornia partly because Labor failed to support the Adani coal mine. She won the seat of Capricornia in Queensland by a massive swing of 10.7 per cent. The electorate is believed to have made a huge difference to the result of the federal election. Ms […]

Geoff Wilson has won his fight against Labor’s franking credits policy. Bank shares and private health insurers have surged, bringing the Australian stock market to a 12-year high, after the Coalition won government over the weekend. The founder of Wilson Asset Management Mr Wilson tells Ross Greenwood Labor’s franking credits policy had affected shares. “Over […]

The Coalition has announced it will cut $1.5 billion from the public service sector as they release their policy costings days before the election. The move could cut about 3,000 jobs in order to pay for the Coalition’s $1.4bn in election promises. Treasurer Josh Frydenberg defends the costings and tells Ross Greenwood the reality would […]

The Commonwealth Bank of Australia’s economist warns the tax rebates, anticipated after the election, could mean the Reserve Bank of Australia will not need to cut rates. Unemployment figures out today show the rate has risen to 5.2 per cent, strengthening the popular belief that the Reserve Bank of Australia will cut interest rates. But, […]

There has been a rise in complaints against financial institutions since the royal commission as the Australian Securities and Investments Commission releases guidelines to ensure they are addressed properly. ASIC says the current approach by banks, super funds and insurance companies does not provide an efficient way for customers to file a complaint. They are […]