21-11-18 Industry banking news

The news Australian professionals are talking about now….

Commonwealth Bank chief executive Matt Comyn says he was told to “temper your sense of justice” when he questioned the sale of controversial insurance policies. Speaking at the Banking Royal Commission in Sydney yesterday, Comyn says he urged his former boss Ian Narev to stop the sale of insurance products that had no value. He identified a further 374,000 customerswho might need to be repaid. Later, CBA chair Catherine Livingstone took to the stand, where she admitted the board did not take anti-money-laundering issues seriously.

Australians hoping to work in the US have been handed a reprieve, with Congress expected to uphold the E3 visa plan. The visa category, a perk negotiated during the FTA in 2005, offers exclusive access to 10,500 places a year to professional and highly skilled Australians. The scheme had come under threat due only half the places being taken each year, the Financial Review reports. An amendment is expected to see any leftover places being offered to Irish workers

An American tech company is bringing real-time weather forecasts to Australia, reports The Australian. ClimaCell provides up-to-the-minute forecasts using data from mobile phone towers and IoT networks. The updates are not only more frequent but also more accurate as they are provided at street level, not from 300 metres above. The company, which counts US airlines Delta and JetBlue among its customers, expects to launch in Australia over the next six months. The cost of natural disasters in Australia is expected to reach $39 billion per year by 2050.

The Human Rights Commission wants non-disclosure agreements lifted so workers can give evidence in its ongoing inquiry into workplace sexual harassment, reports the ABC. Sex Discrimination Commissioner Kate Jenkins has expressed frustration that the confidentiality agreements — which bind all parties involved in a termination or complaint — are silencing victims. She says she’s not asking employers to permanently remove all NDAs, just that they be lifted temporarily “for people who want to make confidential submissions to us”.

When asked why their small or medium companies failed, 11% of CEOs blamed problems with family members or partners.The Australian Centre for Business Growth surveyed 650 CEOs, 134 of whom said they had experienced a business failure. Most blamed lack of leadership and poor management. Others admitted being “blindsided” by fire, drought and regulatory changes, while more still said they simply had not understood the company’s finances. The data was collected at the University of South Australia’s Business School over four years to 2018.

Updated from: Australia’s homes are getting smaller. Figures from the ABS show the average floor size of houses and apartments built in the past financial year has shrunk 1.6% from the previous year, and they are currently the smallest they’ve been in more than two decades.

Idea of the Day: Through collaboration, the private sector can decisively act for society’s good, says AXA Group CEO Thomas Buberl. 

“Being complementary, amplifying public decisions using our own instruments, playing on our strengths: that’s how states, companies, citizens, will tackle today’s challenges, together.”

 Capucine Yeomans and Nicolette Logue

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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