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China using computerised cars to track its citizens movements, habits – 30 November 2018
In China, more than 200 manufacturers, including Tesla, Volkswagen, BMW, Daimler, Ford, General Motors, Nissan, Mitsubishi and US-listed electric vehicle start-up NIO, transmit position information and dozens of other data points to government-backed monitoring centres on car owners. The Chinese government’s ability to grab data as it flows from cars, gives its academics and policymakers an edge over competing nations but raises privacy concerns.
NAB faces action over home loan fraud – 22 November 2018
ASIC is investigating sixty bankers over home loan fraud involving its ‘introducer’ program. The program pays people outside the bank such as financial planners and accountants for successful lending referrals.The inquiry previously heard several bankers created false documents and accepted cash payments from introducers, while some staff took bribes for fraudulent home loans with the money exchanged in white envelopes.
Whistleblower Rebecca Connor’s allegations referred to corruption watchdog – 21 November 2018
NSW Department of Planning Secretary Carolyn McNally has referred a whistleblower’s corruption allegations to the Independent Commission Against Corruption. The referral was confirmed by the department on Wednesday as Resources Minister Don Harwin failed to respond to questions in NSW Parliament about planning staff’s role in the secret Ridgelands mining company $5 million community fund, and its reduction to $500,000.
Westpac CEO Brian Hartzer tells royal commission: ‘I am not a car dealer’ – 21 November 2018
The financial services royal commission has moved on to its second big bank CEO, Brian Hartzer of Westpac. He was questioned about car loan fraud and Westpac continuing to automatically increase credit card spending limits despite advice from ASIC.
https://www.businessinsider.com.au/westpac-brian-hartzer-royal-commission-2018-11
