News

Victoria has agreed to all 20 recommendations of its gig economy inquiry – and chastised the Commonwealth for not taking action sooner

The Victorian Government says it wholly or partially supports all 20 recommendations handed down by the state’s landmark inquiry into the gig economy. The inquiry called to clarify the employment status of gig economy workers, to determine the minimum standards and entitlements platforms should offer. But the Victorian Government says […]
Victoria has agreed to all 20 recommendations of its gig economy inquiry – and chastised the Commonwealth for not taking action sooner
Markets

Visa is being investigated by the European Commission over its rules for fintechs

The European Commission is investigating Visa’s rules for fintech companies using its network, the company has revealted. Regulators are concerned that Visa may struggle to identify fraud and money laundering among fintechs, industry insiders told the Times newspaper. Visa, which mentioned the investigation in a quarterly report, said it is […]
Visa is being investigated by the European Commission over its rules for fintechs
News

The founder of Jim’s Mowing slams Australian government: ‘Franchisees get incredibly stuffed’

Jim’s Mowing founder David “Jim” Penman has described a set of new franchising recommendations that were submitted to the Australian government as “feeble,” adding that he believes franchisees currently get “incredibly stuffed” by franchisors. Recommendations from the parliamentary inquiry into the $170 billion franchising sector don’t go far enough, according […]
The founder of Jim’s Mowing slams Australian government: ‘Franchisees get incredibly stuffed’
Markets

ASX fintech stocks are on their way higher again

Fintechs, whose shares slumped yesterday on news of a Senate inquiry, were rising in early trade today. Two payments companies released statements supporting a review by corporate regulator ASIC into the buy-now-pay-later consumer credit sector. Afterpay says it backs “appropriate regulation” and oversight by corporate regulator ASIC. Shares in fintech […]
ASX fintech stocks are on their way higher again
Markets

ASX fintech stocks led by Afterpay got beaten up on news of a Senate inquiry

Shares in Afterpay and other listed debt providers fell sharply after news broke of a Senate inquiry into the sector. The inquiry will look at payday lenders and consumer finance companies, and raises the possibility of increased regulatory scrutiny. Shares in Afterpay, the buy-now-pay-later ASX-listed fintech, bombed this afternoon after […]
ASX fintech stocks led by Afterpay got beaten up on news of a Senate inquiry
News

Kevin Rudd Will Face The Insulation Royal Commission This Week

This week former prime minister Kevin Rudd will face questioning from the royal commission about Labor’s 2010 home insulation scheme. The inquiry will look into whether Rudd ignored warnings about the safety of the insulation program, which is believed to have killed four men. The environment minister at the time, […]
Kevin Rudd Will Face The Insulation Royal Commission This Week