Trustees are supposed to act in fund members' best interests but, according to the 10 days of Hayne royal commission hearings into the $2.6 trillion superannuation sector, time and again trustees of retail super funds behaved negligently.
In 2016 Wesfarmers announced that it had partnered with Citi for the distribution of Coles credit cards. Now we know just what that will mean for consumers, writes Effie Zahos.
You can buy a packet of gum in a supermarket with a credit card but go next door for a coffee and you'll have to buy a muffin or two to meet the $10 minimum. Why?
If you're anything like me, by the time you finally use a gift card it has long expired. But the NSW government has finally stepped in and forced retailers to put a three-year minimum expiry date on gift cards.
Australia has three times more franchise outlets per capita than the US, with 79,000 outlets which rake in a combined annual turnover of more than $146 billion. But is it still a wise business move?
Online shopping is about to become less affordable, with all Australian purchases from overseas including Amazon to be whacked with 10% GST from July 1.
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