#commsec

[arcobalengo]

"Una grave interruzione della banca del Commonwealth ha impedito a milioni di australiani di accedere al proprio denaro o di trasferire fondi.

I clienti hanno ricevuto un avviso di "saldo corrente non disponibile" durante il tentativo di accedere all'app lunedì mattina.

Gli utenti desktop che cercavano di valutare il loro fondo online hanno ricevuto il messaggio: "Spiacenti, qualcosa è andato storto".

Gli utenti di Netbank non sono inoltre in grado di accedere ai propri conti, trasferire fondi online o utilizzare le proprie carte per effettuare acquisti.

Anche l'app e il sito Web di intermediazione Commsec sono inattivi per molti clienti, mentre altri hanno riferito che anche gli sportelli automatici sono stati interessati."

Quando la maggioranza lo capirà sarà davvero troppo tardi...🤨

Unisciti al mio canale Telegram

@monicaelis

https://www.dailymail.co.uk/news/article-12232759/Commonwealth-Bank-outage-Netbank-current-balance-unavailable.html

[tokyotrendnews]

#News #SkyNewsAustralia Technology stocks standout as ‘beneficiaries’ while futures point to ‘decline’ in Thursday’s markets

https://www.youtube.com/watch?v=UWlc4YUuISI Technology stocks standout as ‘beneficiaries’ while futures point to ‘decline’ in Thursday’s markets https://www.youtube.com/watch?v=UWlc4YUuISI CommSec’s Tom Piotrowski revealed the futures are pointing to a “decline” of around a quarter of a per cent. “Much of that will be attributed to the softness that we’ve seen where commodity prices have been…

[pristinegazeptyltd]

https://pristinegaze.com.au/editorials/best-share-to-buy-in-australia-your-path-to-financial-growth/

Best Share to Buy in Australia: Your Path to Financial Growth

Investing in the Australian stock market offers a world of opportunity. With its diverse industries and stable economic environment, Australia stands out as a global investment hub. Whether you’re an experienced investor or just starting, knowing the best share to buy in Australia can set you on a rewarding path to financial success. So, what makes a share the “best” and how can you identify it? Let’s dive in.

Why Australia Is a Prime Market for Investment

Australia’s economy has proven resilient over the years. With thriving industries like mining, healthcare, and technology, the Australian Stock Exchange (ASX) provides a fertile ground for growth. The country’s regulatory environment is robust, ensuring transparency and investor protection. If you’re keen to grow your portfolio, Australia’s stock market offers the right blend of opportunity and security.

Factors to Consider Before Buying Shares

Before identifying the best share to buy in Australia, understanding the key metrics and strategies for stock selection is crucial. Here are some essentials:

Market Trends: Look for sectors that are currently experiencing growth or have potential for expansion.

Company Fundamentals: Analyze a company’s revenue, earnings growth, and debt levels to ensure it’s financially sound.

Dividend Yield: For those seeking passive income, companies offering consistent and high dividends are attractive.

Management Team: A strong leadership team can drive long-term growth.

Global and Local Events: Economic conditions and geopolitical developments can influence stock performance.

Top Sectors to Watch in the Australian Market

When hunting for the best share to buy in Australia, paying attention to the industries poised for growth can be a game-changer. Here are some promising sectors:

Mining and ResourcesAustralia’s wealth of natural resources positions its mining sector as a global leader. With rising demand for critical minerals like lithium, which powers electric vehicles, companies in this space are worth considering. Stocks like BHP Group and Rio Tinto are household names in this sector.

Healthcare and BiotechThe healthcare industry has shown resilience, especially during global challenges. Companies like CSL Limited are leading the charge with innovations in pharmaceuticals and biotechnology. The aging population trend adds to the long-term growth potential of this sector.

Technology and FintechAustralia’s tech scene is booming, with companies developing solutions in everything from financial technology to artificial intelligence. Stocks like Xero and Afterpay (now part of Block) have gained significant traction in recent years.

Renewable EnergyWith the global shift towards sustainability, renewable energy companies in Australia are gaining momentum. Investing in companies that focus on solar, wind, and other green technologies can offer both financial returns and a sense of contributing to the planet’s future.

How to Spot the Best Share to Buy in Australia

Choosing the best share to buy in Australia isn’t just about luck. It’s a strategic process that involves thorough research and analysis. Here are actionable tips to guide you:

Perform Technical Analysis: Study price charts and patterns to predict future movements. Tools like moving averages and Relative Strength Index (RSI) can provide valuable insights.

Dive into Annual Reports: Understand the company’s financial health by reviewing their profit margins, liabilities, and strategic goals.

Monitor Insider Activity: Tracking insider buying or selling can reveal confidence levels within the company’s leadership.

Keep an Eye on Dividends: Companies that consistently distribute dividends signal financial stability.

Use Investment Platforms: Platforms like CommSec or SelfWealth offer tools and insights that help investors make informed decisions.

A Few Shares Worth Considering

Here are some shares that have been trending as strong contenders for the title of the best share to buy in Australia:

BHP Group (ASX: BHP)BHP is a titan in the mining industry. With a diversified portfolio ranging from iron ore to copper, it’s a favorite for those seeking exposure to resources. The company’s consistent dividend payments add to its allure.

CSL Limited (ASX: CSL)As a global biotech leader, CSL specializes in innovative medicines and plasma therapies. Its consistent growth over decades makes it a staple for investors.

Xero Limited (ASX: XRO)Xero, a cloud-based accounting software company, has revolutionized small business operations worldwide. With a focus on technology and scalability, Xero remains a strong pick in the tech sector.

Fortescue Metals Group (ASX: FMG)For those eyeing the iron ore market, Fortescue Metals offers robust returns. Additionally, the company’s foray into green hydrogen projects positions it well for the future.

Common Mistakes to Avoid

Even seasoned investors can stumble when picking shares. To avoid pitfalls:

Don’t Chase Trends: Investing based solely on hype can lead to losses.

Avoid Over-Diversification: While diversification reduces risk, spreading investments too thin can dilute returns.

Emotional Decisions: Stick to your strategy and avoid buying or selling based on market noise.

Neglecting Research: Always base your decisions on solid research and analysis.

The Role of Patience in Investing

Finding the best share to buy in Australia is just the beginning. Building wealth through stocks requires patience and discipline. Stock prices fluctuate, but the key to success lies in long-term thinking. By holding onto fundamentally strong stocks, you allow them to grow and compound your returns over time.

Final Thoughts

The Australian stock market is brimming with potential, and the journey to discovering the best share to buy in Australia is an exciting one. From mining giants to biotech innovators and renewable energy pioneers, the opportunities are vast. By focusing on research, staying updated with market trends, and thinking long-term, you can make informed investment decisions that pave the way for financial growth. Happy investing!

[ikeepbookkeeping]

Australian workers back-paid $473 million

In 2023-24, Aussie workers clawed back a whopping $473 million in owed wages, thanks to the Fair Work Ombudsman (FWO), which brought the total back-pay for underpaid workers to a staggering $1.5 billion over the past three years. This past year marked a record for the FWO, as it secured the highest penalties in its 15-year history—$21.2 million in court-ordered fines from various employers.

The FWO’s latest Annual Report revealed that large corporate employers were responsible for more than half of these recoveries, paying over $333 million to nearly 110,000 employees. Since July 2020, this sector alone has repaid workers $877 million. Acting Fair Work Ombudsman Michael Campbell highlighted the FWO’s focus on holding big employers accountable, which has helped instill a culture of compliance across Australian workplaces.

“The Fair Work Ombudsman is driving change so Australia’s biggest employers, just like smaller ones, make compliance a priority,” Campbell said. “Getting owed wages back into workers’ pockets really makes a difference and ensures a fair go for employers doing the right thing.”

This year’s enforcement saw some major legal wins, including $10.3 million in penalties against the Commonwealth Bank and CommSec, and over $4 million against Din Tai Fung restaurants. Notably, nearly $8 million of total penalties were linked to cases involving migrant workers, underscoring the FWO’s commitment to protecting vulnerable workers.

The FWO also tackled compliance issues through other measures, filing 64 new court actions, entering into 15 Enforceable Undertakings with businesses (securing $30.2 million in back-pay), and issuing 2,574 Compliance Notices to recover $16.9 million in unpaid wages. Meanwhile, 760 Infringement Notices for record-keeping or pay slip breaches saw fines totaling $986,616, up from the previous year.

Looking ahead to 2024-25, the FWO plans to focus on high-risk sectors like aged care, agriculture, construction, disability support, fast food, and universities, while continuing its support for small businesses and ‘at risk’ workers across the country.

[01courtreporter]

Honorary Graduates of the University

https://www.liverpool.ac.uk/media/livacuk/commsec/calendar/Honorary,Graduates,of,the,University.pdf

[inveswithdavid]

Comparing FY24 Dividends: Pilbara Minerals, Fortescue, BHP

In the ever-evolving landscape of investments, ASX 200 mining shares have solidified their position, attracting investors with a penchant for substantial dividends. Renowned players like Fortescue Ltd (ASX: FMG) and BHP Group Ltd (ASX: BHP) have earned accolades for delivering notable passive income, particularly during periods marked by buoyant commodity prices. The introduction of a new player, ASX lithium share Pilbara Minerals Ltd (ASX: PLS), injects fresh vigor into the dividend-paying mining shares arena, having initiated its dividend journey in FY23.

ASX 200 Mining Shares: A Glimpse into the FY24 Dividend Outlook

As the fiscal year 2024 unfolds, investors eagerly anticipate the dividend landscape, focusing on whether the trio of major players – BHP, Fortescue, and Pilbara Minerals – will sustain their trend of significant payouts.

BHP Group Ltd: Navigating Lower Dividend Projections in FY24

In the preceding fiscal year (FY23), BHP shares boasted an annual dividend of $2.6143, fully franked. With the current share price at $47.96, the trailing dividend yield sits at 5.45%. Looking ahead, consensus forecasts on CommSec foresee a reduction, with a projected annual dividend of $2.24 for FY24, translating to a yield of 4.67%.

Fortescue Ltd: A Modest Rise in Dividend Predictions

Fortescue (ASX: FMG) shares distributed a $1.75 annual dividend with full franking credits in FY23. Priced at $27.26, yielding 6.42%, consensus forecasts indicate a modest uptick. Projections suggest FY24 dividends at $1.77 per share, with the yield edging up to 6.49%.

Pilbara Minerals Ltd: Anticipating a Halving of Dividends

As a newcomer to the dividend-paying mining shares league, Pilbara Minerals presented a maiden dividend of 11 cents in March 2023 and a final dividend of 14 cents in September, totaling 25 cents fully franked for FY23. With the current share price at $3.75, the trailing dividend yield stands at 2.93%. However, forecasts for FY24 are conservative, envisioning a halving of dividends to 5 cents per share, resulting in a yield of 1.33%.

Navigating the Fiscal Landscape: Insights from Experts and Considerations for Investors

In the pursuit of navigating the fiscal landscape, a keen eye on expert predictions becomes paramount. While BHP faces a potential dip in dividends, Fortescue appears set for a modest rise. Conversely, Pilbara Minerals is poised for a reduction in dividend payouts for FY24.

In Conclusion: Unraveling the Dividend Tapestry of ASX 200 Mining Shares

The dividend outlook for ASX 200 mining shares unfolds as a nuanced scenario. Investors, fueled by expectations and expert insights, find themselves at a crossroads, weighing potential returns against inherent risks. As the fiscal year progresses, the evolving dividend narrative for these mining shares promises to provide valuable insights to the investing community.

[franchises-to-invest]

Commonwealth Bank outage leaves customers unable to access money, use CommBank online

Commonwealth Bank users have been unable to access their accounts online or make purchases with their bank cards because of a widespread technical outage.Customers began reporting issues with cards being declined this morning.

Others received error messages when trying to use the NetBank online banking service and the CommBank mobile app.

Some users have also reported problems accessing the bank's financial services arm, CommSec, while others have reported having direct debits to pay bills fail.

Commonwealth Bank has not yet publicly confirmed what the technical issue is or how long it is expected to last.Some customers told the ABC they started regaining access to their online accounts in the afternoon, but others are still having problems.

Customers calling the bank's telephone banking service have been greeted with this pre-recorded message.

https://www.abc.net.au/news/2023-06-26/commbank-commonwealth-bank-outage-under-investigation/102523142 

[washingtonposttoday]

Commonwealth Bank app outage: Netbank down, current balance unavailable, Commsec down http://dlvr.it/SrDP44

[auressea]

resharing this oldie because i just got a new laptop and the number of times i am being required to login to things, login to a DIFFERENT app/program/password manager/authenticator, provide a number, and then login again is making me fucking INSANE

[ljgrealestate]

Nestiny Funiversity - Life Expectancy of Appliances and Home Systems

Nestiny Funiversity – Life Expectancy of Appliances and Home Systems

Nestiny is a free home buyer and seller education website with fun, guided learning tools to improve the home buying and selling experience for consumers and agents. — Read on www.nestiny.com/funiversity/page/life_expectancy_of_appliances_and_home_systems

Within a 2 week period, our A/C, our refrigerator and our washing machine went out and was a huge pill to swallow at one time!! This…

[tokyotrendnews]

#News #SkyNewsAustralia Analysis: Overnight emergence of ‘pragmatic tone’ for US markets

https://www.youtube.com/watch?v=16pakNmpapU Analysis: Overnight emergence of ‘pragmatic tone’ for US markets https://www.youtube.com/watch?v=16pakNmpapU CommSec’s Tom Piotrowski revealed a more “pragmatic tone” emerged overnight in the US markets after “day zero” of Donald Trump’s second presidency. “What has stood out … there has been a more pragmatic tone emerge in relation to the trade…

[ikeepbookkeeping]

Court Issues Stern Warning to Employers on Preventing Underpayments

The Federal Court of Australia (FCA) has imposed record penalties of $10.34 million against two related entities for multiple violations of the Fair Work Act 2009 (FW Act), resulting in significant underpayments.

The Fair Work Ombudsman (FWO) initiated legal action against the Commonwealth Bank of Australia (CBA) and its subsidiary, Commonwealth Securities Limited (CommSec), following their voluntary disclosure of underpaid entitlements to approximately 7,400 employees between October 2015 and January 2021.

In the case Fair Work Ombudsman v Commonwealth Bank of Australia [2024] FCA 81, the FCA determined penalties for the following admitted violations:

The Better Off Overall Test (BOOT)

The enterprise agreements required CBA and CommSec to conduct BOOT assessments to ensure employees were better off overall. This involved:

– Comparing entitlements under the enterprise agreement with those under the relevant modern award at the end of each “relevant period” and making top-up payments if necessary.

– Comparing individual agreements against the terms of the enterprise agreement.

CBA and CommSec failed to perform these assessments, leading to approximately $16 million in underpayments. Despite being aware since December 2015 that they were not complying with these obligations, both entities failed to implement the necessary compliance practices and processes.

This constituted “serious contraventions” under section 557A of the FW Act, characterized by knowing violations that formed part of a systematic pattern of conduct over ten years, affecting a large number of employees.

Individual Flexibility Arrangement (IFAs) Violations

CBA and CommSec also breached section 50 of the FW Act by entering into invalid individual agreements with certain employees, resulting in underpayments of approximately $5.2 million. These underpayments included various allowances, leave entitlements, redundancy pay, and overtime.

False or Misleading Representations

CBA violated section 345 of the FW Act by falsely assuring employees that they would be better off under individual agreements compared to the enterprise agreement, which was untrue.

The FCA noted that the contraventions were significant, prolonged, and preventable by these large, wealthy institutions. The court emphasized that the focus should be on the systems, processes, and checks that allowed such a situation to persist.

The FCA declared that the penalties must be substantial enough to deter not only CBA and CommSec but also other potential violators. It stressed the need for general deterrence to ensure compliance, highlighting the importance of adequate systems to prevent and correct errors.

The court ordered penalties of $7.3 million for CBA and $3.03 million for CommSec, totaling $10.34 million, to be paid within 60 days. A small reduction was applied for self-reporting, cooperation with the FWO, and admission of liability.

Lessons for Employers

The significant penalties in this case are meant to discourage other organizations from maintaining non-compliant systems under the FW Act or relevant modern awards or enterprise agreements. Employers must ensure they have robust systems to detect and correct errors, including regular HR practices and payroll checks. Workplace Law can assist with spot-checking programs—please contact us for more information.

*Note: The information in this news alert is not legal advice and should not be relied upon as such. Workplace Law does not accept liability for any loss or damage arising from reliance on this content or links to external websites. Where applicable, liability is limited by a scheme approved under Professional Standards Legislation.*

[forex4live-blog]

$eight to $100 Fundamental Pip Lord kills the market together with his Escalpando Foreign Exchange trading technique

$eight to $100 Fundamental Pip Lord kills the market together with his Escalpando Foreign Exchange trading technique

$eight to $100 Fundamental Pip Lord kills the market together with his Escalpando Foreign Exchange trading technique WATCH: $eight to $100 – Fundamental Pip Lord kills the market together with his Escalpando Foreign Exchange trading technique. #ForexTradingStrategies is a channel serving to #Foreign Exchange traders – new and skilled, with Foreign Exchange trading methods to assist or enhance…

[steeleidolon]

"Everyone I've ever cared about has died... Or moved on." It was spoken with a heavy tone of isolation, the echo of grief unmistakable over the soft crackle of the secure phone line. "Except you." Knowing Kunsel was still looking for him, after everything... It brought tears to his eyes.

When someone is lost unexpectedly--

When they die.

(No. No. KIA was always a lie. Always, and as he grew closer to the source, the more terrible it became...)

You don’t just lose them all at once.

The immediate physical things associated with someone’s presence fade, even with the hardest fight to keep them close, keep them more than just an abstract. The smell of their skin. The feel of their arms. The sound of their laugh, their voice.

Recordings are one tool in an arsenal, bulwark in a never-ending war against unstoppable Time, but even those degrade. Digital media relies on servers and back-ups and the availability of electricity, communications lines, all of those things ShinRa provided, all of those things taken for granted. Physical media is imperfect. It is fragile, no matter how many copies one makes. Planet knows that Kunsel’s relentless trek has been anything but perfect, no matter his strength, his determination, his faculties, his memory.

His obsession. His hope. A lodestar.

...

Cold and airy, the rocky and shrub-strewn expanse between Kalm and the ocean is as isolated as it comes -- 

But it is near another hidden bunker, a laboratory. The ShinRa high-band secure comms arrays are unmistakable shapes, even painted in countershaded colors, even running dark, even entangled in overgrowth. Kunsel knows what to look for.

He made camp up here on the high escarpment, bike and bivouac painstakingly camouflaged, prepared to descend into the hellhole below at first light. For all their similarities, each of them has been different. Different defenses, some automated, some creatures, some paid guards. Some of them still had scientists toiling away after the apocalypse. True Believers, as if they might spin annihilation into power to reshape the world yet again. They proved useful.

They died just the same.

Uneasy sleep took Kunsel at some point during the night. Even SOLDIERs can run themselves to exhaustion over days, weeks (months, years).

He spent so much of his 'career’ outside of combat on some form of communication device. The life of a commsec specialist with clearances that were never revoked. Sure, maybe he used it for gossip too, but that was to a point, where he needed to fill a gap, to actually help. And to squeeze a little joy out of the soul-crushing banality of the compulsory military machine.

It is little surprise that the phone features in his dreams. Those are usually the kinder ones.

He’s sent enough messages to inboxes that never bounced, but never replied with a read receipt. He’s left enough voice and video clips that saved. Somehow. Somehow.

So it is no surprise, too, that he detects the buzz-rhythm he set up for Zack all those years ago. Something he has longed to feel, to hear, so deeply ingrained into his consciousness and unconsciousness that his response, just on the edge of waking, is automatic.

He picks up.

Breathes. Listens.

Murmurs, quiet and sighed and maybe a little nonsensical, “All’s Fair in love and war.”

Voices are often the first to fade from direct memory. This is ever so slightly different. Rougher.

Of all things, of all things, it is the hiss-crackle-tick tell-tale of the old security protocols that rouses him. Like a machine switched on, electrified, Kunsel launches bolt upright with a sharp inhale, phone in hand and to his ear, eyes wide in pre-dawn darkness.

Recalibrating.

“What--talk. Talk to me. Where?”

[frkt83-blog]

How Debt can be Good

How Debt can be Good

For a long time I have tried to keep debt low. For a long time I have been uncomfortable with debt (see Why You Don’t Need Debt and The Borrower is Slave to the Lender). However, over time, I have borrowed more and more, and I think it is because I have become comfortable with debt. I used a CommSec margin loan to borrow to buy equities, which I do not recommend because interest rates are…

[kalkine]

Banks get a smashing with Royal Commission coming into picture

On November 30, 2017, major banks were seen to move on losses while falling prey to Royal Commission into the financial sector. The properly constituted inquiry is expected for a term that is no longer than 12 months with a final report due in February 2019. This news has led the big four banks to slip with ANZ plunging 1.1%, Commonwealth Bank down 1.9%, and Westpac down 0.03%. Other financial…