Podcasts about banking royal commission

Possibly the longest shownotes in history thanks to Gemini 3 Pro. Bless the swamp from which this AI slop emerged and enjoy the episode. Or just read this, I suppose. The title sucks terribly. Do better, Gemmo! Show Notes with Time‑Shifted Timestamps(All timestamps below have been shifted forward by 25 seconds to allow for theme music, as requested.)00:00 – Welcome, Cricket and the Pink Ball at the Gabba00:00:25 – Jack the Insider (Joel Hill) opens episode 137 of The Two Jacks and notes they're recording just after midday on 4 December.00:00:36 – Quick chat about the looming day–night Test at the Gabba and the prospect it could finish very quickly.00:00:44 – Hong Kong Jack explains why dusk session timings in Hong Kong line up perfectly with “Asahi o'clock”.00:01:07 – The Jacks wonder which pink ball is in use – Duke or Kookaburra – and what that means for Mitchell Starc and the batters.00:01:30 – They flag that full cricket chat will come later in the episode.Tai Po Fire, Mourning and Accountability in Hong Kong00:01:53 – Jack the Insider pivots from sport to tragedy: an update on the Tai Po (Typo) fire in Hong Kong, now with 159 dead, from ages 1 to 97.00:02:07 – Hong Kong Jack describes the government‑ordered three‑day citywide mourning period, mass flower layings, official ceremonies and a three‑minute silence.00:02:35 – Discussion of schools cancelling Christmas parties and staff functions in solidarity; a sense the tragedy is being taken seriously across society.00:02:55 – Hong Kong Jack outlines the judge‑led inquiry: not only into the Tai Po fire's causes, but also systemic issues in building management and renovation contracts on large estates, with hints of corruption.00:03:30 – Evidence emerging that the green construction cloth lacked proper fire retardant and that flammable materials were used to seal lift wells, helping the fire move inside.00:04:23 – Bodies, including one man, found in stairwells and lobbies; Hong Kong Jack cautions against jumping to conclusions before investigators reconstruct the fire.00:04:53 – Arrest tally climbs to around 12, mostly consultants/contractors involved in management and renovations rather than labourers.00:05:35 – Hong Kong Jack notes large numbers of displaced residents in hotels and temporary accommodation and outlines generous government payments to families of foreign domestic workers killed (about HKD 800,000 per family).00:06:05 – A harrowing vignette: a Javanese truck driver receives a final phone call from his wife, trapped with her employers' baby, seeking forgiveness because there is no escape.00:06:35 – The Jacks reflect on the horror of the story and promise to revisit the inquiry as more facts emerge.Australia's Under‑16 Social Media Restrictions & VPNs00:06:50 – Jack the Insider turns to domestic Australian politics: the under‑16 social media restrictions about to kick in.00:07:05 – He notes overwhelming parental support (around 80%) but says the government is now “hosing down expectations” and reframing the policy as a long‑term “cultural change” effort.00:07:30 – Platforms not yet on the restricted list – Roblox and Discord – are flagged as problematic globally for child sexual exploitation, illustrating rollout gaps.00:08:05 – They discuss technical enforcement: existing account age data, length of time on a platform and the likelihood that some adults will be wrongly flagged but quickly reinstated.00:08:35 – Jack the Insider explains the government's theory of cultural change: a generation that grows up never having had TikTok or Instagram under 16 “won't know what they're missing”.00:09:00 – Hong Kong Jack compares Australia to mainland China's efforts to control the internet and points out China still can't stamp out VPN usage, predicting similar Australian difficulties.00:09:25 – Jack the Insider clarifies that VPNs are not illegal in Australia; about 27% of connected Australians already use one, probably now closer to a third.00:09:55 – He strongly recommends everyone use a VPN for privacy and location masking, and warns that good VPNs now explicitly advise not to choose Australia as an exit node because of the new regime.00:11:00 – They note that Malaysia and several European countries (Denmark, Spain, France and EU initiatives) are eyeing similar under‑age social media restrictions, with large fines (Australia's up to about AUD 50 million or 1% of turnover).00:12:20 – Meta is already scanning and booting under‑age users, but teenagers are sharing tips on evading age checks. Jack the Insider describes various age‑verification methods: selfie‑based AI checks, account age, and Roblox's move to ban under‑15s.00:13:45 – Anecdote about Macau security doing ID checks: Hong Kong Jack's son is checked for being over 21, while Jack's own age makes ID unnecessary—an amusing generational moment.00:14:55 – The Jacks agree the policy is unlikely to stop kids having TikTok accounts but might “nudge” behaviour toward less screen time.00:16:00 – Jack the Insider stresses the real dangers of the internet—particularly organised child sexual exploitation rings like the notorious “764” network—and questions whether blunt prohibition can solve these issues.Bruce Lehrmann, Appeals and Costs00:18:22 – They move to the Bruce Lehrmann defamation saga: his appeal has failed and he's likely millions of dollars in debt.00:18:45 – Discussion of the prospect of a High Court appeal, the low likelihood of leave being granted, and the sense that further appeals are “good money after bad”.00:19:22 – Jack the Insider notes outstanding criminal charges against Lehrmann in Toowoomba relating to an alleged statutory rape, and outlines the allegation about removing a condom after earlier consensual sex.00:20:07 – They discuss the probable difficulty of prosecuting that case, and then pivot to the practical question: who is funding Lehrmann's ongoing legal adventures?00:20:35 – Hong Kong Jack explains why some lawyers or firms may take on such cases for profile, despite poor prospects of payment, and they canvass talk of crowdfunding efforts.00:21:07 – The Jacks agree Lehrmann should have left the public stage after the criminal trial was discontinued; now, bankruptcy in 2026 looks likely.00:21:58 – Limited sympathy for Channel 10 or Lisa Wilkinson; more sympathy reserved for Brittany Higgins and Fiona Brown, who are seen as exceptions in an otherwise “pretty ordinary” cast.NACC, Commissioner Brereton and Conflicts of Interest00:23:24 – The Jacks turn to the National Anti‑Corruption Commission (NACC) and Commissioner Paul Brereton's side work for Defence.00:24:03 – Hong Kong Jack recounts Senate Estimates footage where officials first claimed Brereton's Defence consulting work occurred outside NACC hours, then later admitted more than ten instances (possibly close to 20) during NACC office time.00:25:25 – Discussion of conflict‑of‑interest: the Commissioner maintaining a paid Defence relationship while heading the body that may need to investigate Defence.00:25:57 – The Jacks question the tenability of his position, especially given the NACC's opaque nature, its minimal public reporting obligations and a salary around AUD 800k–900k plus expenses.The Struggling Australian and Global Economy, Productivity and ANZ00:26:20 – Jack the Insider outlines Australia's sluggish economy: inflation remains sticky, GDP growth is flat, and government spending is driving much of the growth.00:27:00 – They discuss a small, tentative rise in productivity (around 0.2% for the quarter) and the Treasurer's caution that productivity figures are volatile.00:27:57 – Hong Kong Jack stresses that historically, economies escape malaise through productivity‑driven growth; there is no easy alternative, in Australia or globally.00:28:23 – Broader global picture: the US isn't in outright recession but is crawling; Europe is sluggish; Poland is a rare bright spot but rapid growth brings its own risks.ANZ and Post‑Royal Commission Failures00:28:54 – Focus shifts to ANZ's continuing governance and compliance failures after the Banking Royal Commission.00:29:30 – Jack the Insider shares a personal story about dealing with ANZ's deceased estates department following his mother and stepfather's deaths and the difficulty in releasing funds to pay for funerals.00:30:20 – Justice Jonathan Beach's scathing remarks: ANZ is still mishandling deceased estates, charging fees and interest to dead customers, despite years of warnings.00:31:34 – They recall Royal Commission revelations about “fees for no service” and charging the dead, plus ANZ's recent exclusion from certain Commonwealth bond business due to rorting.00:32:12 – The Jacks see this as a clear culture problem: five years on, the basics still aren't fixed, suggesting inadequate investment in compliance and little genuine reform.UK Justice Backlog and Curtailing Jury Trials00:33:05 – The conversation moves to the UK's proposal to restrict jury trials for offences likely to attract less than a two‑year sentence.00:33:35 – Hong Kong Jack notes the English historical attachment to jury trials dating back to Magna Carta, and that defendants have long had the right to opt for a jury if imprisonment is possible.00:34:38 – Justice Minister David Lammy, once a fierce critic of similar Tory proposals, is now advancing the idea himself, creating a political shambles.00:35:02 – They weigh up pros and cons of judge‑only trials for complex financial crimes, where juries may struggle to follow long, technical evidence.00:36:10 – Jack the Insider points out that even judges can find such cases difficult, but there is at least some expertise advantage.00:36:22 – They revisit the Southport riots and harsh sentences for people inciting attacks on hotels housing asylum seekers, arguing that common‑sense community judgment via juries may be better in such politically charged cases.00:37:26 – Ultimately, they doubt the reforms will meaningfully reduce the UK's huge court backlog and see it as another noisy but ineffective response.Ethics in Politics, Misleading Voters and the “Ethics Czar” Problem00:39:21 – Discussion moves to the UK budget, alleged “black holes” and whether the Chancellor misled voters about a AUD 22 billion‑equivalent gap.00:40:14 – They examine calls for the Prime Minister's ethics adviser, Sir Laurie Magnus, to rule on ministerial truthfulness, and Hong Kong Jack's discomfort with handing moral judgment to “anointed officials”.00:40:51 – The Jacks argue accountability should rest with Parliament and ultimately voters, not appointed ethics czars, whether in the Johnson era or now.00:41:36 – In Australia, Tony Burke's handling of “ISIS brides” returning to Australia is cited: he asked officials to leave a meeting so he could talk politically with constituents. The Jacks see this as legitimate hard‑headed politics in a very complex area rather than an ethical scandal.00:43:03 – Jack the Insider defends the principle that Australian citizenship must mean something, especially for children of ISIS‑linked families; stripping citizenship or abandoning citizens overseas can be a dangerous precedent.00:44:08 – Anecdotes segue into a broader reflection: politicians have always misled voters to some extent. They quote stories about Huey Long and Graham Richardson's defence of political lying.00:45:24 – They swap observations about “tells” when leaders like Malcolm Turnbull or Julia Gillard were lying; Scott Morrison, they say, had no visible tell at all.00:46:22 – Cabinet solidarity is framed as institutionally sanctioned lying: ministers must publicly back decisions they privately opposed, and yet the system requires that to function.Ukraine War, Peace Efforts and Putin's Rhetoric00:46:42 – The Jacks discuss reports of draft peace deals between Ukraine, the US and Russia that Moscow rejected over wording and guarantees.00:47:17 – Jack the Insider describes a gaunt Foreign Ministry spokesman, not Sergey Lavrov, delivering Russia's objections, sparking rumours about Lavrov's status.00:47:56 – Putin goes on TV to reassure Russians they're winning, threatens destruction of Europe if conflict escalates and claims territorial gains Russia doesn't actually hold.00:48:17 – Hong Kong Jack argues European fantasies of imposing a “strategic defeat” on Russia are unrealistic; retaking all occupied regions and Crimea would exact unbearable costs in lives and money.00:49:33 – The Jacks infer that Putin will eventually need to “sell” a negotiated deal as a victory to his own public; his current bluster is partly domestic theatre.00:49:50 – They note some odd, Trump‑like US talk of structuring peace as a “business deal” with economic incentives for Russia, which they find an odd fit for a brutal territorial war.Trump's Polling Collapse, Economic Credibility and 202600:50:13 – Attention turns to Donald Trump's polling in his second term: his net approval is negative across all major polls, in some cases approaching minus 20.00:51:04 – Jack the Insider highlights Trump's recent promises of USD 2,000 cheques to every American plus no income tax—claims they see as fantastical and electorally risky when voters inevitably ask “where's my money?”.00:51:39 – They compare Trump's denial of inflation and cost‑of‑living pressures to Biden's earlier mistakes in minimising pain; telling people “everything's cheaper now” when their lived experience contradicts that is politically fatal.00:52:34 – Hong Kong Jack notes history shows that insisting things are fine when voters know they aren't only accelerates your polling collapse.00:53:02 – They briefly touch on a special election in Tennessee: a safe Trump district where the Republican margin has shrunk. They caution against over‑reading the result but note softening support.00:54:14 – CNN's Harry Enten is quoted: this has been Trump's worst ten‑day polling run of the second term, with net approval among independents plunging to about minus 43 and a negative 34 on inflation.00:55:15 – They speculate about what this means for the 2026 midterms: Trump won't be on the ballot but will loom large. A future Republican president, they note, might still face governing without a Congressional majority.Disability, Elite Colleges and the Accommodation Arms Race00:56:07 – The Jacks discuss Derek Thompson's forthcoming Atlantic piece on surging disability registrations at elite US colleges: more than 20% at Brown and Harvard, 34% at Amherst and 38% at Stanford.00:57:10 – Hong Kong Jack explains how disability status yields exam and assessment advantages: extra time, flexible deadlines, better housing, etc., and why wealthy students are more likely to secure diagnoses.00:57:48 – They cite intake breakdowns at one college: small numbers for visual/hearing disabilities, larger numbers for autism, neurological conditions and especially psychological or emotional disabilities—suggesting a big shift in what counts as disabling.00:58:45 – Jack the Insider counters that many of these conditions were under‑diagnosed or ignored in the 1970s and 80s; growing recognition doesn't automatically mean fraud.00:59:40 – He brings in chronic conditions like ME/CFS: historically treated as malingering or “all in the head”, now increasingly accepted as serious and often disabling.01:00:02 – Hong Kong Jack quotes a Stanford professor asking, “At what point can we say no? 50%? 60%?”—underlining institutional concern that the system can't cope if a majority claim accommodations.01:01:05 – They wrestle with the employer's problem: how to interpret grades achieved with significant accommodations, and whether workplaces must also provide similar allowances.01:02:21 – Jack the Insider's answer is essentially yes: good employers should accommodate genuine disability, and it's on applicants to be upfront. He stresses diversity of ability and that many high‑achieving disabled people are valuable hires.01:03:40 – Hong Kong Jack remains more sceptical, shaped by long legal experience of people gaming systems, but agrees lawyers shouldn't be the priestly class defining morality.Cricket: India–South Africa, NZ–West Indies, BBL and the Gabba01:04:25 – They pivot back to sport: a successful South African tour of India, including a series win in Tests and a 1–1 one‑day series with big hundreds from Virat Kohli, Gaikwad and Aiden Markram.01:05:31 – Quick update on New Zealand's Test against the West Indies in Christchurch, with New Zealand rebuilding in their second innings through Ravindra and Latham.Women's Cricket and Phoebe Litchfield01:06:19 – Jack the Insider raves about the Sydney Thunder v Brisbane Heat game and singles out Phoebe Litchfield as the best women's batter in the world: technically sound, not a slogger, scoring “runs for fun” and hailing from Orange.Gabba Day–Night Test: Australia v England01:06:50 – With Usman Khawaja out, they discuss the unchanged 12 and whether Bo Webster plays, potentially pushing Travis Head up to open.01:07:39 – For England, Mark Wood hasn't recovered; they bring in Will Jacks, a batting all‑rounder and part‑time spinner, to bolster the order but lose their fastest bowler.01:08:11 – If you win the toss? Bat first, they say—if the conditions allow—and look to control the game with the bat for four hours or more.01:08:44 – They caution that with recent heavy Queensland rain, the pitch could be juicy whether you bat first or second; the key is getting cricket on Saturday.01:08:48 – Hong Kong Jack rates this as the best England attack to tour Australia in a long time, especially with Wood and Archer firing in Perth, although Archer's pace dropped markedly in the second innings.01:09:36 – They dissect England's first‑Test collapse: at one stage it was an “unlosable” match according to Ponting and the stats, but reckless strokes from set batters (Duckett, Pope, Root, Brook) handed it back to Australia.01:09:55 – Mitchell Starc's extraordinary home day–night record—averaging around 17 with the pink ball—looms as a big factor.Franchise Cricket, Empty Stadiums and Saving the Red‑Ball Game01:12:11 – Jack the Insider describes watching the ILT20 in the UAE: near‑empty stands, disengaged fielders and an overall “soulless” spectacle aimed solely at TV viewers in South Asia and the Gulf.01:13:49 – Despite his love of cricket, he worries this is a glimpse of the future if the longer formats aren't protected and nurtured. He pleads, in effect, for saving Test and other red‑ball cricket from being cannibalised by anonymous franchise leagues.Class and Cricket: Private Schools, Clubs and Stuart Broad01:14:11 – The Jacks explore the class divide in English cricket: all but one of England's Perth XI finished school at private schools; the sole exception is captain Ben Stokes, who grew up partly in New Zealand.01:15:05 – In contrast, Australia's pathway still runs largely through club cricket, though private schools with professional coaching (like Cranbrook) give some players a head start.01:15:47 – Jack the Insider notes Sam Conscientious (Sam Constance / Cummins reference is implied) spending two years at Cranbrook, reflecting how elite schools build academies with ex‑first‑class coaches that state systems can't match.01:16:20 – They agree state‑school kids like the Waugh twins still come through club cricket, but in England, some top private schools effectively operate as de facto county academies.01:17:31 – Anecdotes about Stuart Broad: a likeable “nepo baby” of former England player Chris Broad, who was toughened up by a formative season at Hoppers Crossing in Melbourne sub‑district cricket. Local players loved him.01:18:20 – Hong Kong Jack recommends Broad's appearance on The Front Bar as essential viewing for understanding his character and the cultural contrasts between English and Australian cricket.01:18:40 – More class culture: Chris Cowdrey, briefly England captain, shows up in full whites and blazer to toss with Viv Richards in surf shorts and thongs. When Cowdrey starts reading out England's XI, Viv cuts him off: “Mate, I don't care who you play, it's not going to make any difference.”F1, Oscar Piastri's Bad Luck and AFLW Glory01:21:11 – Brief detour to Formula 1: Oscar Piastri's season with McLaren seems dogged by terrible luck and questionable team decisions that have cost him a near‑certain championship.01:21:57 – Jack the Insider reflects on how F1 drivers like Piastri have effectively been in vehicles since toddlerhood, climbing the ladder from go‑karts to supercars.01:22:50 – They express hope he can clinch the title in the final race, but wryly note that F1 rarely grants fairytale endings.AFLW01:22:23 – AFLW: North Melbourne complete an undefeated season to win the premiership, comfortably beating Brisbane in the grand final.01:23:07 – Hong Kong Jack praises it as the best AFLW season yet, with marked improvement in depth and skill across the competition. North remain the benchmark everyone else must chase.Wrap‑Up, Tom Stoppard Anecdote and Season Timing01:23:49 – The Jacks look ahead to watching the Gabba Test, beers on ice for Jack the Insider and the late Hong Kong dusk session for Hong Kong Jack.01:24:01 – They note the death of playwright Tom Stoppard at 88 and share a favourite story: Spielberg offers him the Jaws screenplay; Stoppard declines because he's writing a play—“actually for BBC Radio”.01:25:11 – Final reflections on how Stoppard would have improved Jaws, then a note that the podcast will soon reach its final episodes for the year, with plans to feature listener feedback before a short summer break.01:25:56 – Jack the Insider signs off, thanking listeners and Hong Kong Jack, and promises they'll be back next week.

Monday 17 November 2025 An independent review into ANZ is highly critical of the major bank, unveiling governance and staff problems that were criticised at the Banking Royal Commission. BHP is found legally liable for one of the worst environmental disasters in Brazil. The coalition launches its technology agnostic energy plan. Donald Trump cuts tariffs on beef but it's bad news for local graziers. Scientists discover a new native bee species. Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, how much super should you have? Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

"You want a Company Secretary that's helping you work out how things can be done, not telling you why they can't be done." - Catherine Livingstone ACCatherine Livingstone AC, Chancellor of UTS, Chair of Pacific National and Director of The Australian Ballet, reveals what separates exceptional Company Secretaries from competent ones during periods of intense governance pressure.Drawing on her experience leading organisations through Australia's most challenging governance transformations, including Commonwealth Bank during the Banking Royal Commission, Catherine explains how Company Secretaries must exercise judgement about which processes matter most whilst enabling rapid decision-making.She discusses the delicate balance between serving the Board and being part of the management team, and reveals why technology literacy has become essential for modern governance roles._____________Follow Podcast Host ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Richard Conway⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on LinkedInFollow ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠boardcycle⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on LinkedInVisit the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠boardcycle website

GUEST OVERVIEW: Jeff Morris has worked in financial services since graduating in Economics and Law from Sydney University in 1985. He became a Vice President of the investment bank Bankers Trust and worked for the Commonwealth Bank as a financial planner in 2008. He became a whistleblower to ASIC in 2008 and achieved a measure of vindication when CBA was hit with an enforceable undertaking and forced to compensate victims of malpractice. He suffered retaliation, including a death threat, was diagnosed with PTSD in 2011 and resigned from CBA in February 2013 with a resolve to pursue a Royal Commission into the banking industry, teaming up with journalist Adele Ferguson and Senator John 'Wacka' Williams to secure a Senate Inquiry in June 2013 as a first step. He testified and provided 9 submissions to the Inquiry. The Senate Inquiry reported in June 2014 and its' damning report fully vindicated Jeff Morris and endorsed the call for a Royal Commission. The Banking Royal Commission was finally called in December 2017, exposing egregious misconduct and fully vindicating the stance he had taken since 2008. Literally $Billions in compensation has been paid to victims of bank malpractice as a result of the fire lit by Jeff Morris. Both the Chairman and CEO of CBA eventually apologised to him personally.. His career in financial services was however ended by his whistle blowing. Today he tries to help others going through the whistle blowing journey and campaigns for the reform of whistle blower laws.

GUEST OVERVIEW: Jeff Morris has worked in financial services since graduating in Economics and Law from Sydney University in 1985. He became a Vice President of the investment bank Bankers Trust and worked for the Commonwealth Bank as a financial planner in 2008. He became a whistleblower to ASIC in 2008 and achieved a measure of vindication when CBA was hit with an enforceable undertaking and forced to compensate victims of malpractice. He suffered retaliation, including a death threat, was diagnosed with PTSD in 2011 and resigned from CBA in February 2013 with a resolve to pursue a Royal Commission into the banking industry, teaming up with journalist Adele Ferguson and Senator John 'Wacka' Williams to secure a Senate Inquiry in June 2013 as a first step. He testified and provided 9 submissions to the Inquiry. The Senate Inquiry reported in June 2014 and its' damning report fully vindicated Jeff Morris and endorsed the call for a Royal Commission. The Banking Royal Commission was finally called in December 2017, exposing egregious misconduct and fully vindicating the stance he had taken since 2008. Literally $Billions in compensation has been paid to victims of bank malpractice as a result of the fire lit by Jeff Morris. Both the Chairman and CEO of CBA eventually apologised to him personally. His career in financial services was however ended by his whistle blowing. Today he tries to help others going through the whistle blowing journey and campaigns for the reform of whistle blower laws.

For 30 years a company called Youpla sold low-value funeral insurance in Aboriginal communities, until it collapsed earlier this year – leaving thousands of people on low incomes unable to pay for funerals. The Australian corporate regulator is now suing the company for misleading conduct, and according to a report to creditors, the company's liquidator is investigating whether some of its directors may have committed offences under the Corporations Act. Indigenous affairs editor, Lorena Allam, and senior business reporter, Ben Butler, detail how this company operated, and whether Aboriginal families can recover the millions of dollars they paid into this fund

Nicholas Moore is a former CEO of Macquarie Group. He retired in 2018 after 32 years at Macquarie, including 10 years as CEO. Nicholas tells us how one of the first things that he did at the depths of the GFC was to ensure the Macquarie Foundation was well funded. Nicholas talks about the Banking Royal Commission, his role in regulating the regulators and the unique role he played in helping to manage the Commonwealth’s risk relating to the Virgin Australia insolvency and eventual sale. But there is a lot more to Nicholas Moore than his achievements at Macquarie and his financial markets involvement. He talks about his role as Chair of the Smith Family, his thoughts on education for young people, his love of history and the influence of his parents on his career.See omnystudio.com/listener for privacy information.

When Ken Henry was starting out in his career, Australia was known as the 'miracle economy'. Economics got inside him and Ken eventually helped the country sail through the 2008 global financial crisis

When Ken Henry was starting out in his career, Australia was known as the 'miracle economy'. Economics got inside him and Ken eventually helped the country sail through the 2008 global financial crisis

When Ken Henry was starting out in his career, Australia was known as the 'miracle economy'. Economics got inside him and Ken eventually helped the country sail through the 2008 global financial crisis

Victoria Weekes has had a long, impressive, and principled board career.  She is an accomplished non-executive director with experience across a diverse range of business sectors in listed and major private and public sector organizations. Migrating to Australia at the age of two, she spent much of her teenage years on the family's rural property where she learned to muster cattle. Victoria went on to complete a law commerce degree and then joined a major law firm, however she soon realized that private practice was not her cup of tea.  After just six months she jumped at the opportunity to move into finance, where she forged a successful executive career in banking and financial services, with C suite roles in ASX10 and major listed international companies including Citigroup and Westpac. Victoria started her board journey at a young age after making a deliberate decision, so she could use her business and strategic skills across diverse sectors.  Her first board role was with Cure Brain Cancer. While finding the initial transition challenging, she went on to establish an enviable portfolio. She was recently appointed to the Board and Audit & Risk Chair of Alcidion (ASX:ALC), a leading healthcare technology provider and is the immediate past Chair of Sydney Local Health District and former Chair of OnePath Custodians, ANZ's $45b retail public offer superannuation fund acquired by the IOOF in 2020.    She is current Deputy Chair of SGCH Community Housing; a member of the Library Council of NSW since January 2019; and President of FINSIA - among her current roles. A passionate advocate for gender equality, Victoria was a founder and the inaugural Chair of the Australian Gender Equality Council, a role which she discusses with passion and heart. She talks openly to Claire about her period of renewal, surviving the witness box in the Banking Role Commission, the importance of establishing and consistently following your values, humility and how we really haven't come as far as we think with the gender pay gap.   LinkedIn: Victoria Weekes | Claire Braund (host) Further Information: WOB membership, events & services, please visit our website. To receive our weekly newsletter, subscribe to WOB as a Basic Member (free). Join as a Full Member for just for full access to our Board Vacancies, WOBShare (our online member platform) and more.

Financial literacy is a term that excites some, but many people are hard-pressed to get excited about it, despite its importance in how we all view, manage and maximize our money, from our first pocket money as a kid to making retirement savings last these days for up to 30 years after we no longer earn a wage. My guest Julia Newbould is Managing Editor of Money magazine, Australia's most-read personal finance magazine. In this role, she oversees all content for the magazine, website, and podcast.  In June she started the Friends with Money podcast. Prior to that, she had been Editor at Large for the magazine, where she started as the public face of the publication through podcasts, has led webcasts for corporates such as Westpac and Aware Super, as well as TV and radio segments. Through her various positions in financial media, it has been her overarching goal to demystify finance for more people and allow those who want to do more with their money to have greater opportunities to access the best information. Julia has spent the majority of her career in media, combining her academic background in economics and practical experience in journalism, she has contributed and led editorial and content teams for financial services publications and Top 20 ASX listed companies for the past 20 years. Since 2000, she has worked extensively with financial planners where she has gained much knowledge about personal finance and an understanding of the role professionals can play in helping people reach their personal and financial goals. In 2013, driven by a desire to see greater inroads in financial independence for women, Julia established and managed the Stella Network, an initiative supported by BT Financial Group to support women in financial planning with the belief financial planners should be more like the people they hope to serve. Julia is an Advisory Board Member for 1Million Women and a Member of the University of Sydney Alumni Council. From 2016 to 2018, Julia served as Treasurer for Women in Theatre and Screen (WITS) and was a Women of Westpac – Global Trends Committee member. In March 2020, her first book The Joy of Money was published. The book was written to help women become more confident around money and understand how to structure theirs better to reach life's goals. Julia Newbould has a passion for writing, equality, theatre, 70s music, and classic film and in her spare time, when not locked down, she attends red carpet events, reads voraciously, acts as a mentor for women in business, and has been known to write reviews under a pseudonym or two. In the podcast hear from Julia on: Financial literacy is a term many of us never knew when we started work or had to make decisions about money we have earned – what is it and why does it matter? What makes financial literacy work best? Is it a school subject we miss out on or is there an ongoing way we can become better at our own financial understanding all the way from first job to retirement and beyond? The GFC and the 2018 Banking Royal Commission showed many people that trusting the so-called “smartest people in the room” with our money is not always wise. What role do advisors play and what do we as consumers need to understand as well? Are women needing different financial literacy supports or is it not a gender-led issue? Explain and give some ideas on what financial literacy looks like for us? Take away: What is your final takeaway message for us on The Politics of Financial Literacy? To connect with Julia: Linkedin: Julia Newbould | LinkedIn

Interest rates. Currency movements. Stock market valuations. If these words are putting you to sleep, it's probably because Dan Ziffer isn't the one telling you about them. As a business reporter with ABC News, Ziffer is routinely tasked with taking the day's corporate events and turning them into something not just comprehensible, but compelling. He makes it look easy. But as he explains to host Ben Hart, the reality is often anything but. In the first episode of StoryCraft, we sit down with “the world's oldest debuting television reporter” to hear how he makes snooze-worthy subjects interesting. Along the way, we discuss the importance of “holy shit moments,” why Dan feels late to the party, and how the royal commission into banking was actually a masterpiece of narrative storytelling. (Yes, really.)Looking for more on the art, craft and science of storytelling? Check out our sister website The Story, launching November 2021. Follow The Story on Instagram, Facebook, LinkedIn and Twitter. StoryCraft is powered by Fireside, a communications agency for those doing good in the world. 

https://propertyplanning.com.au/propertyplannerbuyerprofessor/ Weekly market updates1. How have two-bedroom, single fronters been impacted through covid?Cate shares an article she has recently written analysing the performance of 6 two bedroom, single front cottages across Melbourne. A lot of people have expounded the popularity of 3 bedroom houses in the wake of covid lockdowns (including us), however the demand for these smaller dwellings has been strong. Why is that? Visit the show notes to read the article.2. Dangers of online mortgage calculatorsDave shares the real-life examples that unsuspecting consumers have come across when using unreliable online mortgage calculators. In one particular example, a couple saw a differential of $160,000 between the online calculator and their credit assessed borrowing capacity, all because the online calculator didn't ask how many dependents they had. Other traps include not differentiating between variable incomes and purchasing in high-density post codes were income could be shaded to as low as 65%. The devil is in the detail when determining your borrowing capacity.Macro-economic factors that impact supply and demand1. Why is supply and demand important?The Property Professor takes us through Economics 101 principles of supply and demand. These forces determine the price of any commodity. That is true of bananas impacted by cyclones, steel, cars, and of course, property!2. Consumer confidence and the self-fulfilling prophecy of market sentimentA great influence on consumer confidence is security of employment. We are more likely to commit to a mortgage when we feel safe in our jobs, which results in more demand and property prices increasing. There was a big dip in consumer confidence from March to June in 2020, largely due to the uncertainty of covid and the economic impact. But when we saw that the sky was not going to fall in (thanks to Government stimulus and lenders offering repayment holidays), consumer confidence lifted and property prices started to increase again. If enough people believe that property prices will rise quickly, more people will jump into the market due to fear of missing out, thus increasing demand and therefore property prices – the self-fulfilling prophecy.3. State of the economy, foreign investment and developmentWhen consumer confidence is high and jobs are secure, you get extra foreign investment pouring into the country when the economy is doing well. This goes towards development, whether commercial or residential, and drives business investment. This creates more jobs, lower unemployment and more money in the economy to go towards investing in assets. Employment and unemployment is a major consideration, with Melbourne now in it's 6th lockdown, the economy is impacted. But this will create opportunity on the other side, when life returns (somewhat) back to normal. So far, we are yet to see property prices negatively impacted by such concerns but we don't make assumptions in this unprecedented environment we're navigating.4. The Wealth Effect driving spendingWhen property values have increased, jobs are secure and confidence is high, people feel wealthier. The more wealthier you feel, the more you spend, which makes you happy and then you spend more! Government stimulus, cash flow boosts, lower interest rates and higher savings booming across businesses and consumers suggests that many people are feeling wealthier and are itching to spend.5. Government assistance and stimulusThe trio discuss the impact of government assistance and stimulus, which is often very targeted towards certain buyers or segments of the market. This has a profound influence on demand in those segments. First home buyers are usually prioritised by the government, but these people are not buying $2M homes; they typically buy apartments and villa units, which impacts a particular segment of the market. Similarly with stamp duty concessions, there was a recent rush to the sub-$1M Victorian market to meet the eligibility requirements of the discount.6. Cost and availability of finance, interest rates are not everything!The Property Professor takes us through the last 30 years of property price increases and how they relate to interest rates. Lower interest rates do not necessarily equate to more demand, however access to finance has a huge impact. From 2017 to 2019, we had our biggest property dip on record, which was driven by access to finance, government policy and APRA regulation. Coupled with the Banking Royal Commission, lenders were shaking in their boots, afraid that their skeletons would be revealed, and loan assessments turned into a forensic exercise which still remains today. We saw non-bank lenders flourish during this period and gain market share, as they weren't regulated by APRA in quite the same way and weren't required to comply with the same stringent measures set on banks.7. Existing supply and demand for housingDevelopers take into account the existing supply of new apartments. If the market is saturated, why build more? Often developers need to forecast for demand in 2 or 3 years' time, but if they need to borrow the money, a certain percentage of these must be sold before the lender approves the finance, which confirms the demand, (even before the developer starts building). The percentage is calculated as a function of the developer's financial position, the risk assessment conducted by the lender and the timeframe required. In many cases this figure is well above 60%, and often 80%. These off the plan sales requirements enforced by the lender are known as “pre-sales”.8. Tax and SuperannuationGovernment policies impacting tax and Superannuation have a great influence in the property market. The trio discuss the Labor party's proposed changes to negative gearing for our 2019 Federal Election which loomed heavy over investors, causing many to take a back seat to purchasing before the outcome of the election was known. Once the Liberal party was confirmed to have won the election, the investors came rushing back to the market like the boxing day sales and values started to boom again. SMSF is another key area, where changes to SMS funds being able to own property saw billions of dollars, which were previously untapped, flow through to the market.Visit the show notes - https://propertyplanning.com.au/how-supply-and-demand-dictates-property-market-movements-part-1-the-macro-economic-forces-at-play-ep-119/

Rodney Norman Culleton, former Federal Senator for Western Australia, founder of the Great Australian Party, author of the Terms and Reference for the Banking Royal Commission and named in the law statute book of Australia for reinstating the reference to the Queen in the High Court of Australia. Born and bred in Rural Western Australia, broadacre farmer in Williams in the Upper Great Southern of WA, wool and grain trader in WA, off farm investments including feed mills, logisTcs and inventor of Intellectual Property as declared by name on IP Australia. Appeared on Channel 9's 60 Minutes programme, ABC, 4 Corners and many other commercial channels including an up and coming NeZlix documentary of “Senator in Exile”. Proud father and husband with strong family values and total respect for our forefathers who fought for the Commonwealth. Unprecedented Commonwealth mateship through executed MOUs with the Tribal Sovereign Elders on mainland Australia, Thursday Island and Tiwi Island to respect one another's rights and to walk alongside one another in supporting the restoration of the Commonwealth.

In the midst of the biggest pandemic in a century, Sky News Host Annelise Nielsen headed to the epicentre – the United States. Bringing a cameraman she ventured into the heart of the 2020 election to talk directly to citizens to understand the people behind the political polarisation. Why were Americans so much more divided over mask mandates than Australians? How many people truly believe the 2020 election was stolen? What has changed since President Biden took office?This month's US Politics and Policy Web Series featured Annelise Nielsen, the first dedicated Washington Correspondent for Sky News Australia, in conversation with United States Studies Centre CEO Professor Simon Jackman and Perth USAsia Centre CEO Professor Gordon Flake.Annelise NielsenIn 2020, Washington DC-based political reporter Annelise Nielsen was announced as Sky News Australia's first Washington Correspondent. She is currently on the ground in the US reporting live for Sky News Australia. Previously, Annelise was Sky News Australia's Canberra based political reporter and co-anchor of AM Agenda with Tom Connell.A journalist with a wide range of experience covering stories across Australia, Asia, the US and the Middle East, she holds a bachelor's degree in law and experience working in a professional services firm. Her work as a journalist is often driven and informed by a strong interest in justice, the Australian legal system and politics. Annelise is also the author of Money Spinners which explores the Banking Royal Commission and the financial services sector in Australia.

Could co-operative farming future proof Australian farmers? Farmers and other primary producers are known for their resilience, but in the last few years they have faced unprecedented business challenges: natural disasters, drought, fires, floods, COVID-19, issues highlighted in the Banking Royal Commission, geopolitical trade disruptions and the problem of raising working capital without ‘selling the farm’. Co-operative farming is seen as one model that can assist, giving farmers competitive advantage and market power by scaling, collaborating and innovating. Hosted by renowned agricultural journalist Pete Lewis, Australian co-op leaders discuss the future of farming and if the co-operative model could help protect our home-grown agribusinesses. What are the situations where co-operatives work and what does it take to make them succeed? Where, when and why do they fail? Hear the nation’s best agricultural experts debunk some myths about co-operative farming. Follow Us On:Facebook – coopfarmingInstagram – coopfarming Links & Resources: Listen to all podcasts – https://coopfarming.coop/podcasts/ Watch the video with Pete Lewis talking with local and international co-op leaders, agricultural experts and farmers debating and discussing the future of farming. Find out why the co-operative business model could be an option to protect our home-grown agribusinesses. Featuring Fiona Simson (NFF), Jimmy Wilson (CBH), Emma Thomas (Achmea), Emma Robinson (Beef Collaboration Project), Professor Mike L Cook (University of Missouri), Kevin Franey (TNR) and Melina Morrison (BCCM). https://coopfarming.coop/coop-conversations/episode-1-growing-together/ Find out more about co-op farming – https://coopfarming.coop/ Contact the Meet the Co-op Farmers Podcast team: https://coopfarming.coop/contact/ See omnystudio.com/listener for privacy information.

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e6fc8695-3f35-41c2-8de3-d67367cccf82DESCRIPTION:Ian Laughlin joins Barry Rafe to discuss their paper that will be presented at the upcoming 2021 All-Actuaries Virtual Summit in the Leadership and Professionalism Plenary titled “Was the misconduct identified in the Banking Royal Commission enabled by directors who didn't understand the complexity of the businesses they directed?On 8 May 2018 the Financial Review reported that a number of directors of AMP were stepping down because they no longer had the support of the institutional shareholders. The resignations were directly attributable to the fallout from the banking Royal Commission which revealed that the behaviour of financial services organisation often did not meet community standards and expectations. In some cases, such as the AMP there appeared to be conduct that broke the law.The board is responsible for the actions and success of the corporation and hence the composition of the board would appear to be relevant to the corporation’s success. Ideally, directors are selected for board positions based on their technical and behavioural competencies. Boards often develop a skills matrix that sets out the broad set of competencies needed for the corporation to meet its aims. The expectation is that directors are appointed to fill or bolster various competencies required. In addition, the Corporations Act requires that all directors be financial literate i.e. they need to understand the financial drivers of the organisations they direct.The questions to be asked in this plenary session are:•Was the misconduct revealed by the banking Royal Commission caused by directors who did not understand the businesses they directed?•Who should be on the boards of complex financial services businesses•How do complex financial services businesses manage the need for diversity of skills on the board with the need for directors to understand the complexity of the businesses they direct.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Save Louise's House II Jordan reports on the Renters and housing uinon (RAHU) action in Thornbury to defend a housing coop resident's right to her home. Extraordinary information about how Common Equity Housing Ltd operates in the community housing field.  Petition hereSafe Lending Laws II Patrick Veyret from Choice calls on the public to reject the Federal LNP Government's push to stop the first recommendation of the Banking Royal Commission - safe lending laws. Info & petition hereThis is the week that was II Kevin Healey dissects the week.McCormick Protected Action II Jordan goes inside the industrial action taking place at McCormick's Plant at Clayton South, Melbourne.

President Joe Biden's new economic team faces a huge task to respond to the pandemic and rising unemployment. How is the new administration dealing with the economic fallout of the pandemic and what are the longer term plans to close the racial wealth gap? Plus, a large portion of the banking Royal Commission's recommendations have been delayed or abandoned. Guests:Betsey Stevenson, Biden transition advisor, US Department of Treasury, former member of the President's Council of Economic Advisers, economist, University of Michigan.Helen Bird, senior lecturer in governance studies at Swinburne Law SchoolKatherine Temple, Director of Policy and Campaigns, Consumer Action Law Centre

When the banking royal commission wrapped up in early 2019, the government said it was committed to enacting change. Senior business reporter Ben Butler explains how two years on, most recommendations have either been delayed or abandoned

In this episode of Legal Mind Unwired, I spoke to a good friend of mine - Darshika Bandaranayake (oh yes, I never try to pronounce her name in full - So I just call her Dash), whom I met in Geneva back in 2013 when we were both studying our masters in International Law. I still remember the first time Dash and I met - it was on a sunny Summer afternoon at a cafe by the Lake Geneva and we bonded over studying long nights at the library at the Graduate Institute of International and Development Studies. About Darshika: Darshika is a Sri Lankan-Australian lawyer with a long-standing interest in international affairs. She's a had a varied and interesting legal career from working for the Sri Lankan mission to the UN, ANZ during the Banking Royal Commission, American Express and now for WHO. She currently lives in Geneva with her husband, but will always be a proud Sydney-sider. In this conversation, Dash and I reminisced on the challenges she faced to carve out an international legal career (the first time around) and her personal story of returning and settling in Geneva for the second time in 2019. The path to where she is now has not been a linear one with many twists and turns, because many job opportunities in the international development sector are either contemporary or contractors with less permanence. Yet, through her persistence and various learnings, she sees all was meant to be. She also shared her 2020 experiences of witnessing the unfoldment of Covid-19 as someone who is not only living in Geneva, but also working in the WHO. However, the insight she gained through this period of time is the importance of unity and looking after each other, so we can be stronger in helping us all collectively as a community. On a personal note, 2020 is an especially important year as Dash is pregnant with her first baby due early 2021 - how exciting! Dash shared openly and candidly the stress and joy of being pregnant in the mids of 2020, away from her family in Australia. "Be kind to oneself and do not compare yourself to others" are the key take-away messages from Dash, especially for those who are looking to work in international law or international development sector. It is always a joy to speak to Dash, and I hope you enjoyed this unscripted conversation.

http://propertyplannerbuyerandprofessor.com.au/In this week's episode of the Property Planner, Buyer and Professor Podcast, the team delve into the planned upcoming changes to responsible lending legislation and what this will mean for the property and mortgage market, as Dave, Cate and Pete take you through:Weekly market insights1. Property values continue to climb. Despite the economic recession, property values have remained resilient. We expect strong activity to continue right up until the 24th of December and into the new year.2. Beware the data lag. As property data is collected at settlement, we typically see markets shift faster than the data comes through. The increased time for approvals and many homes under ‘subject to' clauses means that data received is even further behind the actual date of the sale.3. Record number of first-time buyers and mortgage approvals. First home buyers have flocked into the market with more people than ever before getting their foot in the property door. Mortgage approvals have also hit high levels, creating the perfect storm for fervent market recovery. Supply is starting to come back on board, which could slow down the growth in property values, although with the rate of new market entrants and positive buyer sentiment, this is questionable.Responsible lending repealWhat is responsible lending and when did it begin? Post the GFC there was a crackdown in high-risk lending, which led to responsible lending obligations being legislated by the Rudd Government in the National Consumer Credit Protection Act 2009 (Credit Act). The trio translate the complicated legalese of the current obligations to simple terms.The reasoning behind the repeal. The Property Planner, Buyer and Professor delve into the purposes of the repeal and whether it is likely to be effective at meeting the government's goals.When did applying for credit get tough and what instigated it? Over the last 10 years a litany of cascading events have resulted in a gradual creep of lenders and borrowers being faced with overly prescriptive, complex and onerous processes, which really gained pace from 2014 when APRA started to put limits on lending and calls began for a Banking Royal Commission.What are the changes in lender behaviour we're likely to see? The reduction in red tape is likely to see many positive impacts in speeding up the process of approvals, but be warned, the model will switch from ‘lender beware' with a ‘borrower responsibility' principle. What does that mean for your loan application?Borrowing capacity set to increase. Reduction in assessment rates could see borrowing capacity skyrocket, opening the door for prospective purchasers to up their limits.Gazing into the property market crystal ball. The Planner and Professor make their predictions 2021 and 2022.Consumer protections, who will be looking after you? With the litigious ASIC out the door, the APRA watchdog will be the sole enforcer of responsible lending obligations. But never fear, the freshly legislated best interest duty will be picking up the slack. The trio explain how.How does this relate to mortgage brokers? Interestingly, a significant amount of paperwork that mortgage brokers are currently required to complete and provide to clients could be scrapped entirely. Watch this space.What other areas are the government targeting? Key areas of reform that haven't received as much media spotlight are business loans and non-bank lenders. We cover off on the planned evolutions to streamline business lending and further protect vulnerable consumers by raising standards for the second and third tier lenders.And of course, our ‘gold nuggets'!Visit the show notes - https://bit.ly/3n7vcMK

The workings of big business and government have come under intense scrutiny in recent times. The Banking Royal Commission revealed multiple instances of malfeasance. The enquiry into Victoria's hotel quarantine debacle failed to identify who authorised the use of private security firms, despite revealing details of many emails, phone conversations and text messages. Investigations like these rely on trawling vast repositories of information in search of evidence. Technology is increasingly able to streamline searches for information and even discover important details and events that were never put on record. Public Access Deputy Commissioner in the Office of the Victorian Information Commissioner (OVIC) Joanne Kummrow talks with InnovationAus editorial director James Riley and Mimecast country manager for Australia, Nick Lennon on AI and the information discovery challenge.

The Property Planner, Buyer and Professor met this morning for a ‘breaking news' recording on the $688 million HomeBuilder stimulus package announced by the federal government yesterday. The new package aims to safeguard the jobs of a million tradies, and to prop up the construction industry which was teetering on the edge of oblivion.Home buyers and home renovators will be offered a cash grant of $25,000 for signing a contract to purchase a new dwelling, build or renovate from today through to 31 December 2020. Hear the full story as David Johnston, Cate Bakos and Peter Koulizos take you through:Setting the scene, why this package was initiated by the federal government. Supporting over one million employees, around 9% of all employees in the country are working in the construction industry, which provides an estimated $100 billion and a whopping 5 per cent of our economic output each year.How home building in Australia was collapsing prior to Covid-19 after four boom years to 2017-18, when the industry started around 225,000 homes a year. Starts have since fallen to around 165,000 this financial year due to a cascading set of events from the tightening of finance by APRA, The Banking Royal Commission and the exit of investors, particularly from offshore, and the consequent inability to finance apartment projects.Unpacking the In's and Out's of the scheme, who can take advantage and the criteria for grant approval, how, where, when and why.Discuss why the package is well balanced, whilst also dissecting some potential weaknesses.How state government has said it will play a role in speeding up council approvals if needed, which must be obtained prior to signing the build contract.Why regional areas and first-time buyers may be the big winners due to the lower value entry points, and the state-based grants and stamp duty benefits already on offer. A close second could be those who were about to embark on a major home renovation.The impact this could have on the established property market. We could see a resurgence in home buyers wanting to buy a doer upper home. To do this within the almost 7-month time frame is no mean feat.How the economic effects of the stimulus will flow through the broader economy and property market on a macro-economic level and this will mostly be a good news story.Why Australia continues to build on its international reputation as a safe haven for the flow of overseas investment and capital which is vital to our economic prosperity as a capital importing nation. This has been reflected in the international willingness to purchase our government bonds, the Aussie dollar and ASX share market. The latter two of which hit 5 month and 3 month-high's respectively this week.And of course, our “gold nuggets”!

In this episode of the Three Lines of Defence Podcast, Jillian Haggerty joins us today to talk about her journey in the risk and compliance industry, leadership, mentoring and her thoughts on what the industry needs today and in the future.Jillian started her career in the insurance industry before she found her way into the world of risk and compliance. It was in 2004 that Jillian joined Challenger Limited as the Head of Compliance - Funds Management. After this, she became the Group Head of all Operation Risk and Compliance before holding her current position as General Manager Governance and Oversight.In this episode:Jillian shares about her early life and where she grew up.The reason she chose to work in the banking and financial sector, specifically developing a career within compliance and risk.Mentors that helped develop her careerSignificant turning point in her career.Key attributes of an effective leader.Things she looks for when hiring team members.How firms are presently dealing with regulatory changes and its impact on the financial services businesses post the Banking Royal Commission.Lessons Australian financial institutions can learn from what has happened overseas.What compliance professionals need now and in the future, given the change in the Australian market from a regulatory point of view.Developing good risk and compliance professionals.Jillian’s views on diversified teams.Managing stress in her leadership roles.Her passions outside work.Links:Jillian Haggerty LinkedIn

2019 was a big year for corporate Australia and investors alike. The Australian sharemarket hit a record high despite global trade tensions. But stealing the headlines locally, were our banks. - ਕਾਰਪੋਰੇਟ ਆਸਟ੍ਰੇਲੀਆ ਅਤੇ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਸਾਲ 2019 ਬਹੁਤ ਹੀ ਅਹਿਮ ਸੀ - ਬੇਸ਼ਕ ਸ਼ੇਅਰ ਮਾਰਕਿਟ ਨੇ ਬਹੁਤ ਉਚਾਈਆਂ ਛੂਹੀਆਂ ਪਰ ਬੈਂਕ ਸਥਾਨਕ ਤੌਰ 'ਤੇ ਸੁਰਖੀਆਂ ਵਿੱਚ ਬਣੇ ਰਹੇ।

Personal insurances such as Income Protection, Life insurance and Total and Permanent Disability (TPD) are becoming impossible to get unless you are in perfect health. This change has occurred gradually over the past few years but has now reached the point that it’s become a real concern. This has a number of consequences which I discuss below.Insurers have a bad nameWe heard some shocking stories last year via the Banking Royal Commission about insurance companies including questionable and even unethical sales tactics, unreasonably denying paying claims and so on. I’m not sticking up for the insurance companies. Their tactics are boarding on criminal. However, also, a big contributor towards these problems is that people don’t understand what they are buying.When it comes to insurance cover, the advantage of “no questions asked” might seem convenient, but it just isn’t in your favour. You want to ensure the insurer comprehensively underwrites your cover before they put the cover into force. This includes asking you questions, undertaking medical checks, reviewing medical history and so on. Doing so leaves them less room to use the excuse of a “pre-existing condition” to deny any future claim.Also, it’s important to understand the quality of the policy. Quality refers to the terms and conditions and definitions within a policy document. These all impact how comprehensive the cover is. If you get these two things right (i.e. quality and underwriting), you are much less likely to experience problems or nasty surprises down the track.What has changed?It is the underwriting and assessment process that has changed over the past few years. Insurers are, in our opinion, being over-stringent.Normally, if an insurer believes that you have a pre-existing health condition, they can take one of four actions:1. Approve the cover anyway (this is very unlikely); or2. Add an exclusion on the policy (meaning that you are not covered if that health concern causes you problems); or3. Add a loading onto the premium (i.e. charge a higher premium); or4. Decline the cover.A policy exclusion or outright decline are the most common outcomes – even for minor, inconsequential, asymptomatic health conditions! Lately, it seems that unless you are in absolutely perfect health, it is difficult to obtain exclusion-free insurance cover.Do health concerns have to be major?In short, no. This is what is so frustrating i.e. getting a decline or exclusion for a minor past medical condition. Some examples include:§ A back exclusion for a client that liked to get relaxation massages spasmodically.§ An elbow exclusion because a client had a once-off tennis elbow injury caused by a lot of typing during an intense study period. The jury was not ongoing, and clients was symptom free.§ Spine exclusion based on regular chiropractic visits for preventative reasons only (client plays a lot of sport) – no injury treatment.§ An insurer limited the clients benefit period to 5 years (period usually expires at age 65) plus added a 75% premium loading because the client worked long hours and had a high cholesterol reading.Mental health has become a ‘challenge’In Australian, mental health conditions are the third most common cause of TPD claims, and the second most common cause of income protection claims. As such, insurers are becoming more conscious of these risks and mental health exclusions (and even declines) are becoming more common.We have had situations where a client has proactively attended counselling and, as a result, the insurer included an exclusion in their insurance policy. Surely the act of seeking proactive counselling demonstrates good mental health practices! And taking these proactive steps would surely reduce the likelihood that a mental health condition would prevent you from being able to attend work.Be aware that if you have discussed mental health issues with your GP, attend counselling or undertaken treatment for depression or anxiety, that it may negatively impact your future insurability.A lot of the insurers publish information to say that they are not heavy-handed when assessing an application with a history of mental health conditions. For example, they will make statements such as “seeing a councillor won’t necessarily negatively impact the assessment”. However, the reality is a lot different to the glossy brochures. In our recent experience, the mere appearance of possible mental health issues will attract an exclusion at a minimum. Given that almost half of the total population (45.5%) experience a mental health condition at some point in their lifetime, the insurance companies approach is worrying. It could discourage people from proactively seeking treatment or professional help and that would be a very poor outcome (side-effect).If you have existing insurance coverIf you have existing cover that you are considering cancelling or reducing, think about this very carefully. You should assume that you may not be able to replace this cover in the future, especially if you have suffered any heath conditions since the policy was established.Its best to get cover in your 30’sThe upshot of this is that it is best to arrange cover when you are younger, when you have a clean bill of health. That is a better approach than waiting until you are closer to, or in your 40’s (or even 50’s), as it’s more likely an insurer will find a reason to add exclusions to your policy.Some exclusions don’t have a big impact on policy coverageNot all excursions are equally bad. For example, an exclusion in relation to a known medical issue is less of a concern as you can proactively manage that condition and reduce the probability it will impair your ability to work.However, for example, a back (lumber) exclusion can materially reduce policy’s coverage. For example, if you injure yourself in a car accident the insurer might use the back exclusion to avoid or limit the benefit payable.Think about default cover in an industry super fundLarge industry super funds have group policies which means they arrange one insurance policy that covers all the members of the super fund. As such, they can typically have automatic acceptance limits. This means that you only need to complete a very simple medical questionnaire if the amount of cover you are seeking is under a predetermined limit (e.g. around $800k for Life & TPD and less than $10k per month for income protection cover).Make sure you seek professional adviceDetermining the right amount of cover to take out, making sure your policies are structured tax-effectively, understanding the quality of the policy and then navigating the underwriting process are all things we do every day. If you are going to take out insurance, you must ensure you are getting value for money meaning if you need to make a claim, you want to be as certain as possibly that they will pay it! There’s no point having insurance if you are never going to be able to make a successful claim. Most people do not have the experience and knowledge to do this without getting professional advice. So, do not hesitate to reach out if we can be of any assistance in this regard.

On today’s show we’re looking at why prices for real estate in Australia fell by 8.4% in the past two years and we’re answering the question as to whether what happened in Australia could happen elsewhere in the near future. Australia’s median house price dropped 8.4% between July 2017 and May 2019. With only a handful of larger price dips during the late 1800s, the slump surpassed the recession of the 1990s and 2008 financial crisis, making it the worst ever recorded in recent decades. markets in Sydney and Melbourne were hit the hardest during the downturn, which lasted from mid 2017 until earlier this year, with an average price drop of 22.5% in Sydney and 32.1% in Melbourne. Following a boom that peaked in mid-2017, prices began to fall due to tighter lending conditions, low buyer confidence and changes to Chinese investor loan limits. The government launched a Banking Royal Commission inquiry into lending practices, which commenced in late 2017 and concluded earlier this year, resulting in a crackdown on lending practices by big banks in Australia. This government-led inquiry, triggered by reports of misconduct by certain Australian banks, was a major reason house prices began to fall. Much like the 2008 crisis, the downturn in Australia was the result of significantly reduced availability of credit in the market. At the same time, demand from Chinese buyers, Australia’s largest offshore property investors, also slowed in 2017 and 2018. We’ve seen the same dynamic in the US and Canada. China’s government has imposed tighter capital controls, making it harder for residents to move money out of their own economy. There is still money coming into the market from China, but the numbers are down significantly. Chinese buyers have a cap of A$50,000 (US$33,903) they can take outside the country. Much like the 2008 downturn in the US, the availability of credit is more important than the interest rate. When financing is hard to come by, the balance between buyers and sellers changes dramatically. If the only buyers are cash buyers, sellers will drop their price in order to sell. Proof that the problem is a credit problem rather than a real estate problem is the fact that since May, lending has opened up and prices in Sydney and Melbourne have risen almost 6% in both those markets since May. It’s fair to say that the issues in Australia were unique to that country. But it goes to show that something as simple as an investigation into banking practices can, at least temporarily crater the real estate values in an entire nation. So the question is, could we see a credit crunch again in the US, in Europe, or in Canada? If so, what could be the cause? We often think about the levels of sovereign debt that so many countries around the world have signed up to. This includes every major economy in the world. We’re talking about the US, China, Japan, the UK, Canada, Italy, and yes, even Switzerland. So far the problem in Australia was limited to a regulatory issue. There was no domino effect. There was limited counter party risk. You might be wondering, what is counter party risk again? Well, I’m glad you asked. Counter Party risk happens when an asset on my balance sheet appears as a liability on your balance sheet. If you fail to pay me, then I’m at risk of defaulting on my obligations to the liabilities on my balance sheet and the dominos start to fall. Clearly the political will does not exist for any one country to trigger the next financial crisis. The point is that this time the problem was localized to Australia. No dominos fell, except in Australia. Once the dominos start to fall, there is almost no stopping it from happening.

Talk about an absolutely flat out guest!Tracey Franco is one of Perth’s leading businesswomen, spending the last 20 years in the finance industry. Half of that time has been spent building the incredibly successful, FinanceCorp, which has an impressive portfolio of almost $400 million dollars’ worth of deals sealed. Earlier this year Tracey started NRG, a network referral group that is quickly becoming a networking powerhouse in Perth.Tracey explains that one of the key attributes to her companies success despite the Banking Royal Commission and falling house prices is perseverance. The team at Financecorp put their "heads down and bums up" to weather a potentially devastating outcome for the finance industry. The desire to generate her team more leads is what fuelled the creation of NRG. The Networking Referral Group has exploded in Perth, offering 36 groups with over 200 members. Tracey reflects on her journey and details which software she uses to manage client information as well as move potential customers down her sales funnel. Please support the Perth Small Business Show by choosing three of your friends or family to share this podcast with them through text message or messenger. Also hit the subscribe button to show your support and get alerted when our next episode drops.If you haven’t joined the Perth Small Business Show Facebook Group, do it now to get access to even more small business hot tips:https://www.facebook.com/groups/1452326538253232/

Apologies for audio issues from 2:00 to 9:45, audio resumes in high quality for the rest of the episodeYou can find & purchase Daniel’s book here http://bit.ly/32A7LC1 As well as his twitter and publishers links: https://twitter.com/danziffer, https://www.instagram.com/scribepub/?hl=en, https://www.facebook.com/scribepub/, https://twitter.com/scribepub In today's webinar, hear from Nucleus Wealth's Head of Investments Damien Klassen, Head of Operations Tim Fuller and Journalist turned Author Daniel Ziffer as they cover the Royal Commission, resulting changes to the banking industry and his book chronicling it all "A Wunch of Bankers"Topics this week include The Royal Commission, resulting changes to the banking industry, what this means for regulators ASIC & APRA going forward, if this will ultimately all end back at another Royal Commission, and as always what this means for investments going forwardNucleus Wealth is a Melbourne based investment house that can help you reach your financial goals through transparent, low cost, ethically tailored portfolios. To find out more head to nucleuswealth.comThe information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen and Tim Fuller are an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796.

Western suburbs update with Cameron Kane – Licensed Valuer | CBRE Welcome to the Dan and Dan property Podcast you trusted voice in all things property. In this episode, we interview Cameron Kane from CBRE a Licensed Valuer who specialises in the Western Suburbs. Cameron provides a unique insight into the current Western Suburbs market, outlining some opportunities at present. We also touch on debugging the myths around valuations within the property industry.  0.25 – Introducing Cameron Caine, residential property valuer specialising in the Western Suburbs 2.55 – Why do property valuers have a reputation of being conservative with valuations? 6.00 – What’s been happening with property prices in Perth’s Western suburbs 9.30 – A new demand for amenities 11.00 – How the Banking Royal Commission has affected property valuation 12.20 – Suburb hot spots 16.10 – How rezoning affects property prices 17.35 – Ticking the boxes for apartment living 22.00 – What external factors can affect a property value 23.50 – Do alternative building methods affect the value of your house? 26.00 – Why property density should be staged and what happens when it’s not 28.40 – Downsizer migration 31.45 – What service does a valuer provide?

In the wake of the Banking Royal Commission, lenders have tightened restrictions, making mortgages and loans harder to get.But now the big four banks have a new tool to decide how much more debt to give us - comprehensive credit reporting. - ដើម្បី​ជា​ការ​ឆ្លើយ​តប​ទៅ​កាន់​រាជគណកម្មការ​វិស័យ​ធនាគារ អង្គភាព​ផ្តល់​ប្រាក់​កម្ចីបាន​រឹតបន្តឹង​លក្ខខណ្ឌ​របស់​ខ្លួន ធ្វើ​ឲ្យអតិថិជន​ពិបាក​ក្នុងការ​​ខ្ចី​ប្រាក់​ទិញ​ផ្ទះសម្បែង និង​ប្រាក់​កម្ចីដទៃ​ទៀត​។ប៉ុន្តែ​ឥឡូវនេះ ធនាគារ​ធំៗទាំង​បួន មាន​នូវ​កម្មវិធី​ថ្មី​មួយ ដើម្បី​សម្រេច​ ថាតើអាច​ផ្តល់​ប្រាក់កម្ចីបន្ថែម​បានច្រើនជាង​មុនកម្រិត​ណា ដែល​កម្មវិធីនេះ​មាន​ឈ្មោះថា របាយការណ៍ឥណទាន​ទូលំទូលាយ ឬ “comprehensive credit reporting”។

The Federal Government has outlined a timeline for implementing the recommendations from the Banking Royal Commission. The Treasurer, Josh Frydenberg already committed to acting on all seventy-six recommendations earlier this year, but the federal opposition has accused the government of dragging its feet on the issue. - ব্যাংকিং রয়্যাল কমিশনের সুপারিশগুলো বাস্তবায়নের জন্য একটি টাইমলাইন প্রণয়ন করেছে ফেডারাল সরকার। ট্রেজারার জশ ফ্রাইডেনবার্গ ইতোমধ্যে এই বছরের গোড়ার দিকে পুরো ৭৬টি সুপারিশ কার্যকর করার প্রতিশ্রুতি দিয়েছিলেন। কিন্তু, এই বিষয়ে বিলম্বিত পদক্ষেপের জন্য সরকারকে অভিযুক্ত করেছে ফেডারাল বিরোধী দল।

As part of ANU's Authors In Conversation series, I spoke with Adele Ferguson about Banking Bad, her account of corporate cover-ups, whistleblowers and how she broke the stories that led to the Banking Royal Commission.

The Banking Royal Commission revealed evidence of shocking misconduct, fraud and even crime within banking, superannuation and financial services industry. Adele Ferguson sparked the inquiry with her investigative stories and she takes you behind the scenes of how the royal commissions started and what she thinks should happen next.

Dan Ziffer had a front row seat for the testimony of victims, financial advisors and bankers offered up to Australia's Banking Royal Commission

Dan Ziffer had a front row seat for the testimony of victims, financial advisors and bankers offered up to Australia's Banking Royal Commission

Small Biz Matters – a half hour program each week where you can work ON your business rather than IN it.with Alexi Boyd from Boyd Office Management ServicesDate: 6 August 2019 The Launch of ASBFEO & Scottish Pacific’s FitsME Essential Guide to Business Funding On 29th Jul 19 Small Biz Matters interviewed Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, Lielette Calleja, Director of All That Counts and Peter Langham, CEO of Scottish Pacific who collectively launched the new Business Funding Guide.  It was refreshing to see industry heavyweights Scottish Pacific using their data collected from years of small business reporting for the power of good. When the office of the Australian Small Business and Family Enterprise Ombudsman noticed a trend they decided to work with Scottish Pacific to develop a framework to support small business in becoming financially fit. It’s a great guide; assisting small business to understand the how, the why and the practical strategies to prepare for funding applications – no matter the funding you’re seeking. With the advice of seasoned finance professionals like Lielette Calleja the guide supports small businesses to have solid knowledge of their business’ performance and be prepared for growth. In particular the funding decision flowchart is an incredibly affective tool to understanding the complexities of small business finance. As ASBFEO’s media release stated: The biggest barrier to small business growth is access to finance. Small businesses have been feeling the brunt of the credit crunch as lenders tighten their requirements in the wake of the Banking Royal Commission. That’s why it’s so important for small businesses to understand the range of finance providers in the market and to take the steps necessary to become ‘finance fit’ so they can prove their credit worthiness to the lender of their choice. The Business Funding Guide is an industry-first publication that aims to support small businesses in their pursuit of growth and success, through their trusted advisers.

Margo Lydon CEO of SuperFriend joins host Jerome Doraisamy in this week's episode of The Wellness Daily Show to discuss the findings of SuperFriends' Indicators of a Thriving Workplace report, and how Australia stacks up. Margo reveals the five key indicators organisations should be looking at, how these indicators differ between professional environments, the effects of the Banking Royal Commission and how organisations can implement simple strategies without spending a cent.     

Co-hosted with Kwame Slusher from the GRC Professional Podcast, we address the issue of what organisations are doing about culture change post the Banking Royal Commission and discuss “Risk Culture”. Learn more about GRC Professional: https://www.professional.org.au/ Join us at this year's Culture and Leadership Conference: Australia: www.human-synergistics.com.au/conference2019 New Zealand: www.hsnz.co.nz/conference Got a question you want us to answer on the podcast? Email podcast@human-synergistics.com.au

In this episode, we interview Charles Wiggett Principal of Hauss Realty a boutique agency based in the Brisbane riverside suburb of Graceville. Charles prides himself on good old fashioned service, local knowledge and client care. Here's a snapshot of what we covered: Flood zone risks - why doing your due diligence matters! Supply & scarcity & what that means for capital growth. What maintenance issues you must consider before buying a “Queenslander”. The oversupply of apartments in Brisbane and the impact on investors. What's happening to prices after the Banking Royal Commission. We hope you enjoy all the insider knowledge in this episode. WEBSITE LINKS: Charles Wigget - Hauss Realty Brisbane City Council  - Floodwise Property Report Elephant Ep 33 - Peter Koulizos - the Property Professor EPISODE TRANSCRIPT:  https://www.theelephantintheroom.com.au/podcasts/065 Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

There's been a lot of noise about the Banking Royal Commission findings, but for many people questions still remain: How is all this going to affect me? What if anything can I do about it? Who can give me honest objective answers on all of this? Well, over the last few weeks I have been trying to identify someone who's an expert observer on this important subject – someone independent who is intimately knowledgeable across the full spectrum of property, finance and wealth creation policies, practices and people. Someone who doesn't have a vested interest. And this is where today's guest Alex Whitlock is perfectly positioned to give you all of the answers. Alex is a Director of Momentum Intelligence, a multiple award winning media, information and market intelligence business that connects over a million of Australia's professional services communities across the full range of property, real estate, finance, investment, wealth, retirement, legal, defence and Small to Medium Enterprise sectors.  Momentum Intelligence is a leading provider of quantitative research to Australian business leaders. They've a proven track record of delivering actionable insights to leading financial intermediaries to help shape their strategic direction in complex markets. Alex's company has received four consecutive BRW Fast 100 rankings and is recognised as one of Australia's fastest-growing and most progressive media businesses. And Alex also walks the talk in the property arena, as an avid home owner and investor who has accumulated a joint multiple property portfolio currently worth over $7 million. In fact, we start our conversation by getting him to share the intimate details of his journey and learnings in property, so stay tuned. I've been a big fan of Alex's work and his hosting of a number of industry podcasts for a number of years now, including The Smart Property Investment show with his business partner Phil Tarrant. I love his passion, his well-informed insights and his forthright, down to earth ‘tell it like it is' approach – so there is no-one better to demystify the Banking Royal Commission. And I can't emphasise enough that we all have a very small window of opportunity to protect ourselves, by pestering and influencing politicians of all persuasions in the next few weeks before the Federal Election. And the quickest and easiest way to make a difference is to do two things: Join the recently formed Property Investment Council of Australia by jumping on www.pica.asn.au/membership and paying just $5/yr to join and build the ranks of other everyday Aussie property owners, so that we have a united apolitical voice to educate and advocate with all governments and protect the interests of all like-minded hard working Australians. Jump on two separate websites to sign the petitions and use the easy tick boxes to email your local politicians - Just go to www.keepcompetitionalive.com.au and www.brokerbehindyou.com.au/support-your-broker/   Please ask your family, friends and work colleagues to do this now. Now we cover a lot of very important ground in this very interesting and in depth conversation today, so stick with us till the end - otherwise you will miss out on some real opportunities to protect yourself and your future in what is proving to be very interesting times in the short to medium term. So do yourself a big favour and enjoy Alex Whitlock. Alex's book recommendation: How to Win Friends and Influence People by Dale Carnegie Get Invested is the podcast dedicated to time poor professionals who want to work less and live more. Join Bushy Martin, one of Australia's top 10 property specialists, as he and his influential guests share know-how on the ways investing in property can unlock the life you always dreamed about and secure your financial future. Remember to subscribe on your favourite podcast player, and if you're enjoying the show please leave us a review. Find out more about Get Invested here https://bushymartin.com.au/get-invested-podcast/  Want to connect with Bushy? Get in touch here https://bushymartin.com.au/contact/  This show is produced by Apiro Media - http://apiropodcasts.com

This week Selina joins sisters El and Dim to discuss trolling, the wonder that is the new Harry Potter musical and Ellen gives a great summary of the Australian Banking Royal Commission and what it means for millennials going forward.2:08 - Social Media Shaming13:15 - Harry Potter and the Cursed Child (No Spoilers)20:45 - Banking Royal Commission29:15 - Get Krackin!32:55 - Surprise Listener Question35:35 - Dim's MantraFeel free to get in touch over at themillennialdivide@gmail.com.You can also follow the show on Twitter @themdivide plus on Instagram & Facebook @themillennialdivide.Plus for more podcasts from the Planet Broadcasting Network, head over to planetbroadcasting.com.Produced by Claire Tonti.Edited by RAWCollings. Hosted on Acast. See acast.com/privacy for more information.

Guest: Jeremy Cooper, Chairman of Retirement Income, Challenger Ltd. 10 years ago, Jeremy Cooper, now Chairman of Retirement Income at Challenger, Chaired the Federal Government's Super System Review, commonly known as the Cooper Review. With the final report from the Banking Royal Commission due to be released in a couple of days, we took the opportunity to talk to Jeremy about the current state retirement in Australia. “Retirees are well aware of increasing life expectancies, and we're in an environment where self-provision is the order of the day. There are not a lot of people who aspire to living solely on the aged pension. So, they're underspending – they're being too frugal. They're doing this because in our system, we're effectively asking them to self-insure.” In this episode of The Rules of Investing, we discuss what worked and what didn't from the Cooper Review, his take on the Banking Royal Commission, and the investment risks that matter to retirees.

In this episode, we pick the brains of Stephen Koukoulas, better known as the Kouk. He's One of Australia's leading economic visionaries, past chief economist of Citibank and probably most famous for being Chief  Economic Advisor to Julia Gillard. He's renowned for being able to turn complex economic analysis into terms mere mortals can understand. We cover a vast array of topics including: Election Promises by Liberal/Labor - what will happen to negative gearing? The Banking Royal Commission - the effect it's having on property prices Infrastructure - Is enough in place to cope with population growth ? Why waiting for the ‘bottom of the market' when looking to buy your home can cost you big. “The Kouk” really lifts the lid on all things economic, housing and the levers that drive the property market. Download the transcript: www.thelephantintheroom.com.au/podcasts0XX Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.

On Thank God It's Friday. Richard Glover is joined by Jennifer Wong, Ben Jenkins and Tommy Dean as they talk about the Banking Royal Commission, Trump's A-plus self-rating and the need to polish the family silver.

On Thank God It's Friday. Richard Glover is joined by Jennifer Wong, Ben Jenkins and Tommy Dean as they talk about the Banking Royal Commission, Trump's A-plus self-rating and the need to polish the family silver.

With it being another interesting newsweek in Aus…

Only a week after Malcolm Turnbull was riding hig…