2h agoWed 13 Aug 2025 at 9:52pmMarket snapshot<\/p>\n
Price current around 7:50am AEST<\/p>\n
Live updates on the major ASX indices:<\/b><\/p>\n
4m agoThu 14 Aug 2025 at 12:03amSuper fund Mercer sued by corporate regulator<\/p>\n
The corporate regulator has launched legal proceedings against <\/b>one of Australia’s largest superannuation funds, Mercer Super<\/b>.<\/p>\n
ASIC is alleging Mercer failed to inform the regulator about “investigations into serious member services issues<\/b>, including incorrect insurance premium refunds for dead members”.<\/p>\n
The alleged failures occurred between October 2021 and September 2024, ASIC says, claiming Mercer’s systems were inadequate to comply with its requirements to “promptly report ongoing investigations into significant breaches of their core obligations”.<\/p>\n
The proceedings have been lodged in the Federal Court.<\/p>\n
17m agoWed 13 Aug 2025 at 11:49pm<\/p>\n
ICYMI: Finance with Daniel Ziffer<\/p>\n
Just 10 minutes until the ASX opens for the Thursday session, so take a look back on how we got here with Daniel Ziffer<\/b>.<\/p>\n
CBA shares entered correction territory yesterday, making a 10 per cent drop from its most recent peak.<\/p>\n
Here’s why it had such a big impact on the broader market:<\/p>\n
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52m agoWed 13 Aug 2025 at 11:15pm<\/p>\n
Fears for jobs as Star seeks approval for Brisbane casino deal<\/p>\n
A deal between gambling giant Star Entertainment <\/b>and its partners in Brisbane’s Queen’s Wharf <\/b>casino still faces regulatory hurdles and has left employees with questions about their future at the embattled precinct<\/b>.<\/p>\n
Star told investors on Tuesday morning it had finally\u00a0signed a deal with its Hong Kong partners<\/a>, which would see Star give up assets, including its 50 per cent stake in the $3.6 billion Queen’s Wharf casino complex, and the Treasury car park and hotel.<\/p>\n A Queensland government spokesperson said the deal between Star and its joint venture partners \u2014 Chow Tai Fook Enterprises <\/b>(CTFE) and Far East Consortium<\/b> \u2014 was not yet finalised.<\/p>\n The state government would not say whether it held concerns about Queen’s Wharf employees<\/b> working under owners with\u00a0chequered legal histories<\/a>,\u00a0<\/strong>but said jobs and staff welfare were top priorities.<\/p>\n Read more from Ned Hammond<\/b>\u00a0reporting in Brisbane:<\/p>\n 1h agoWed 13 Aug 2025 at 11:05pm<\/p>\n \ud83c\udfa5 The income gap between home owners and renters widens<\/p>\n Ahead of the federal government’s economic reform round table, two leading economists are calling for a tax on wealth, land or the family home to close the income gap between renters and home owners<\/b>.<\/p>\n New research <\/b>finds Australia’s extremely favourable tax treatment of owner-occupied housing<\/b> is fuelling the problem, encouraging Australians to plough money into housing at the expense of everything else \u2014 leaving those without housing even further behind.<\/p>\n It leaves two Australians, similar other than their home-ownership status, facing very different futures, as Rhiana Whitson <\/b>reports on The Business<\/b>:<\/p>\n Loading…<\/p>\n
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