Archived News for Finance Sector Professionals - March, 2019
New ATO stats show 69 Australian millionaires did not pay income tax last financial year.
NBN closing 12Mbps options
NBN Co is moving to kill off 12Mbps broadband plans, pushing users onto more expensive deals.
Payout ruled in Roundup case
A US jury has awarded $114 million to a man who said his use of weed killer Roundup caused his cancer.
Pokies baron pushing mayors
Bruce Mathieson Jr has offered to pay for community services in exchange for more favourable treatment for gaming venues.
Australia boosts China links
The Federal Government will spend $44 million to “turbo charge” Australia’s engagement with China.
Local gun lobby near NRA funding
A new report says Australia’s gun lobby spends about as much per capita as the NRA in the United States.
Settlements over opioid epidemic
OxyContin maker Purdue Pharma LP has reached a $US270 million settlement over claims it fuelled an opioid abuse epidemic.
Labor pledges wage lift
The Opposition says the minimum wage is too low, and has pledged measures to lift it.
Wesfarmers makes rare earth play
Wesfarmers wants to use money from the spin-off of Coles, the sale of its coal assets and Kmart Tyre and Auto, to buy rare earths miner Lynas.
NAB scraps outsider scheme
National Australia Bank will no longer pay commissions to people who refer new loans.
Hazelwood hike reported
A new report says major power companies have used the closure of Hazelwood to gouge customers.
Insurance costs top worry list
A national survey has found health insurance costs are at the top of the list of household worries.
AFP raids forex firm
The AFP has raided the offices of an online foreign currency broker accused of harassing and pressuring clients into losing thousands.
Google hit for search rigging
Google has been fined 1.49 billion euros ($2.38 billion) for disadvantaging rivals on its search platform.
Labor housing plans assessed
An investors’ report says Labor’s housing plans will lead to lower property prices and higher rents.
Westpac offloading advice
Westpac is ditching its loss-making financial advice business and will cut around 900 full-time jobs in the process.
124 voices call for better deal
Over 100 labour market experts have signed an open letter calling for higher wages.
Migrant report makes big calls
A review has called for jail time for employers who exploit migrant workers.
Paladin probe looks likely
Reports suggest there will be an audit of the way in which the Home Affairs Department hired contractor Paladin on Manus Island.
BHP boosting petrol network
BHP is pouring $1.34 billion into petroleum prospects off the United States and Mexico.