Financial Services

Nicola Forrest has driven a $100 million investment into a female-focused philanthropic fund, through her family's Minderoo Foundation.

Commonwealth Bank has paused its “kick in the guts” move to charge a $3 fee on in-branch and online transfers for some customers after a pile on from across the political isle.

Australia has recorded its lowest annual economic growth since 2020, up only 0.3 per cent in the September quarter, the Bureau of Statistics found.

The founders of service provider to rich families Squadron Collective and its fund manager Fiftyone Capital – initially backed by Laurence Escalante – have ended up in a court battle over control and ownership.

Australian Finance Group has announced it is offering to take a non-controlling equity stake across its network of mortgage broking businesses.

The superannuation sector has been rocked by another case of poorly managed member funds and a lack of accountability.

Australia’s annual inflation held steady at 2.1 per cent for October, remaining at its lowest since mid-2021.

The corporate watchdog has sued National Australia Bank, over allegations of failing hundreds of its customers who were facing financial hardship.

Creditor claims of more than $740 million have piled up against the taxpayer-backed East Rockingham waste-to-energy plant, including from Acciona and National Australia Bank.

OPINION: Australia’s superannuation sector is the envy of the world, but managing the flood of cash isn’t easy.

The former boss of an east coast credit union, which has merged with Perth-based P&N Bank, has been found guilty of dishonest conduct.

Nicheliving directors have fronted a $200,000 indemnity to cover operating costs and ensure the administrators get paid in the "likely" event the construction entities are too strapped for cash.

WA generally outperformed national office numbers for the big four accounting firms, while mid-tier players bolstered their presence in the state.

Cottesloe fund manager Packer & Co has paid its biggest dividend since 2021, as the $2 billion trust it manages puts more distance from the challenges of the pandemic and Ukraine.

Australian Federal Police have raided the Sydney offices of PwC Australia, amid the ongoing investigation into the 2023 tax leaks scandal.

Republic of Fremantle has called in administrators to restructure the urban distillery and bar business, after grappling with pandemic-induced delays and industry challenges.

Argonaut lifted its full year operating profit to $5.7 million after taking a lead role on 18 equity capital markets deals, headlined by De Grey Mining’s mammoth $600 million raise.

A different version of administration is catching on as the tax office chases up COVID-related debt.

Clothing manufacturer Merino & Co has joined the ASX, ringing the bell to open trading as one of rare cohort of Perth-based companies to take the IPO journey this year.

Acciona has lambasted the decision to place a waste-to-energy plant in administration, launched a $200 million lawsuit and revealed it attempted to buy out the other investors.

Hall Chadwick WA managing director Wayne Healy, described as a stalwart of the Perth accounting community, has died.

The East Rockingham Waste to Energy plant has been handed over to administrators and receivers with an eye to sell the nearly completed project, which remains embroiled in a legal dispute.

The ASX-listed group behind clothing brands Millers, Rockmans and Noni B has called in administrators from FTI Consulting after failing to restructure internally.

The boss of Western Australia’s largest local bank has backed bricks-and-mortar outlets as his big four competitors shut down branches.

High profile mining players David Flanagan and Jimmy Wilson have joined a team advising Viburnum on its new private equity fund, backed to the tune of $20 million by a local family office.

Having managed the affairs of one of Australia’s richest families, Andrew Hagger and Stephen Daly have set up their own firm.

The largest employer on the tropical Cocos Keeling Islands in the Indian Ocean has called in administrators to help restructure its financial affairs amid economic challenges.

RAC has reported a bumper $105 million profit for the 2023/24 financial year, more than doubling its profit from the previous year.

Melanie Hay will take over fund manager Viburnum's private equity business as the group sets about raising $300 million for its third mining industrials foray.

Perth-based P&N Bank has offered more context on the recent scrapping of a multi-billion-dollar merger with Beyond Bank, while keeping the door open to other opportunities.

Switching energy or mortgage providers could soon be as easy as ordering a rideshare, thanks to recent reforms to federal Consumer Data Right legislation.

Two years after stepping down as head of Andrew and Nicola Forrest’s private interests, Andrew Hagger is launching a business to serve ultra-high-net-worth families.