Archived News for Finance Sector Professionals
The Commonwealth Bank of Australia (CBA) has been fined $36,000 following revelations of significant underpayments to its staff.
Councils call for grant return
Local government advocates have called for funding shake-up in a federal inquiry.
Broad set fall for crypto-scams
People from all socioeconomic backgrounds are susceptible to cryptocurrency investment scams ...
Full environment fix calculated
Saving Australia's environment, including its threatened wildlife and degraded landscapes, would cost about 0.3 per cent of the nation's GDP, according to a new report.
Merger bill coming
The Albanese Government has unveiled draft legislation aimed at reforming Australia's merger rules.
RBA shifts settlement bar
The Reserve Bank has announced changes to the Financial Stability Standards for Securities Settlement Facilities (SSF Standards).
CrowdStrike blames bug
CrowdStrike says a bug in its quality control system led to a software update that caused widespread computer crashes.
Eco issues slow growth
Experts say trillions of dollars in worker productivity could be lost due to eco-anxiety and ‘lie-back’ lifestyles.
Fossil fuel lending continues
Australia's major banks have invested over $61 billion into fossil fuels since the Paris Agreement was signed eight years ago.
Greenwashing gap proposed
Australian companies may be able to avoid legal scrutiny under a new greenwashing law.
Low-income refunds coming
Major banks are refunding $28 million to low-Income customers following an ASIC review.
Super spending questioned
AustralianSuper has been accused of greenwashing over its ethical investments.
Court hears of crypto-grift
The Australian promoter of the now-defunct cryptocurrency exchange platform BitConnect, has been found guilty of providing unlicensed financial advice.
Labor to reject union money
The Australian Labor Party's national executive is reassessing its relationship with the troubled construction division of the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU).
Telstra fined over scam risk
Telstra has been fined $1.5 million by the Australian Communications and Media Authority (ACMA) for failing to adequately protect its customers from scams and fraud.
Trust score welcomed
A major survey has found a high level of trust in Australian public institutions.
Anglo brings in exit aids
Anglo American has retained the services of three major banks to assist in the sale of its steelmaking coal assets.
Money pushed to Pacific
ANZ is in discussions with the Australian government to address the sustainability of its operations in the region.
Contract openness called
The federal Senate has passed a motion requiring detailed disclosures of major contracts.