Lara Shaw

Making an investment decision soon? ASIC’s newly released figures on reports of misconduct reveal over 50% of issues raised fall into the financial services and retail investor category. ‘This data shows exactly why we regularly issue consumer warnings and update our advice through Moneysmart; to help empower consumers to make informed investment decisions and protect them,’ Chair Joe Longo said. Find out more below about the key themes that ASIC detected in the reports of misconduct, and Moneysmart resources that can help you.

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What do accounting and farming have in common? For NAB customer Rob Mitchell, more than you’d think.   From running a tech-forward accounting firm to delivering free-range eggs across Victoria, Rob’s built two thriving businesses from Ballarat. What ties them together? Systems, scale and a deep care for community.   A few weeks ago, NAB Group Executive Andrew Auerbach visited Rob to hear how he’s using AI and automation to grow both businesses - and to see firsthand how NAB’s support is helping bring that vision to life.   We’re proud to back Rob’s journey, and thousands of others like his, as Australia’s biggest business bank.

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🙌 A vital move to nurture the next generation of Kiwi business leaders 🙌 CA ANZ has welcomed the decision to reinstate accounting as a standalone subject at NCEA Level 1 from 2028.   “This is a critical step forward,” said CA ANZ CEO, Ainslie van Onselen.    “Infometrics forecasts a shortage of 15,000 accountants in New Zealand in the next five years. Reinstating accounting as a standalone NCEA Level 1 subject will greatly strengthen the pipeline of talent into a profession with huge career and earning opportunities, that is vital to New Zealand’s success.   “A professional accounting qualification can open the door to exceptional careers - whether that’s in business, events, the public sector, the music industry or sports management. We need savvy leaders, who know their numbers, to drive New Zealand’s future.   "As well as the diverse opportunities, our members have a median salary of $144,200, more than twice the New Zealand median, which is a big drawcard. “The curriculum taught in schools directly influences students’ career choices. Allowing students to explore accounting concepts and build their confidence with this material at NCEA Level 1 means they will be more likely to consider accounting as a career. 📢 CA ANZ has advocated for curriculum reform, warning that merging accounting with business studies and economics into a single NCEA Level 1 Commerce subject risks diluting students’ exposure to core accounting concepts.   “We’ve seen what happens when we let talent shortages in crucial professions get out of control, whether it’s in health, education, or accounting. Under-investing in essential education can have serious consequences, but we can prevent this in finance and business,” said CA ANZ NZ Govt Affairs Leader Lydia Tsen CA. “Despite the subject having only been taught for one full year, teachers, parents, educators and CA ANZ raised concerns that NCEA Level 1 Commerce is too broad and the flexibility and variability in assessments mean not all students are being exposed to fundamental accounting concepts. “We also share concerns that the gap between NCEA Level 1 Commerce and NCEA Level 2 Accounting is too wide and will affect students’ performance and their confidence to enrol in NCEA Level 2 and 3 Accounting.   “Although there has been a healthy increase in enrolments in 2024, enrolments in Accounting & Finance Bachelor degrees have fallen overall by around 40% since 2018, and we have seen the impacts, including the critical shortage of auditors during COVID that meant many local government audits were delayed in 2022 and 2023,” said Ms Tsen. “Of course, there is no silver bullet to solving talent challenges. A strong secondary school curriculum will be very helpful, and CA ANZ is committed to working with the profession to address the shortage of accountants through our #MakeEpicThingsHappen campaign and deep engagement with educators, universities and students,” concluded Ms van Onselen.   #CAANZ #DifferenceMakers

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📈 Speaking recently to the Australian Banking Association (ABA) Conference, APRA Chair John Lonsdale outlined how APRA balanced the need to maintain a safe and stable financial system with other considerations such as competition and innovation. 📍 He also identified areas of growing risk where banks, insurers and super trustees need to increase their efforts. 🎥 Watch the full video here. https://lnkd.in/ebQFmHKw #Regulation #Resilience #Efficiency #FinancialStability #Leadership #PublicSector #Governance #Finance

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This week, we proudly launched Service Stream’s second Innovate Reconciliation Action Plan (RAP) with a special event at the Koorie Heritage Trust in Melbourne, marking a significant next phase in our reconciliation journey.   Our RAP is more than a document. It is our call to action: to listen, to learn, to be accountable, and to embed reconciliation into every part of our business.   “Our RAP journey has been built step by step, with contributions from many across our business. Over the past year, we’ve listened, we’ve learned, and we’ve challenged ourselves to think differently about how we engage with First Peoples communities. This work has been about building real, respectful, and meaningful relationships. What makes me most proud is the spirit of collaboration that brought this RAP to life,” says Jhdara Jones, National First Peoples Manager.   We acknowledge and thank our RAP Steering Committee, First Peoples Outcomes Committee, community partners, and every advocate across our business who has championed this important work.   Our RAP is a living framework that guides how we: ⭐ Grow cultural awareness and competence across the business ⭐ Create opportunities through employment, training, and partnerships ⭐ Build trust and lasting relationships with First Nations communities and organisations   Learn more and view our new RAP on our website  👉 https://lnkd.in/gY4zABAS Together, we are committed to turning words into meaningful action.   #KeepingCommunitiesConnected #Reconciliation #InnovateRAP

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The Reserve Bank has kept rates on hold at its September monetary policy board meeting. The decision was widely expected by economists, following stronger-than-expected data over the past month. Read more 👉 https://lnkd.in/gW4K6zzB

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