Archived News for Finance Sector Professionals - April, 2015
Foreign investment in the finance and insurance sector has dropped, according to new reports.
Investors hold back on banks
The big banks are bracing for a regulatory slap-down from APRA, and are pushing out property loans while they can.
Safe bet becomes less so post-GFC
An investment in Australian Government Bonds is now as risky as buying shares, a one economist has warned.
Ten struggles against streaming surge
Ten Network has posted its half-year results, unveiling a $264.4 million net loss after a $251.2 million write-down in the value of its TV licence.
Westpac's new man to get hands on fintech
Former AMP chief executive Craig Dunn will join Westpac Banking Corp's board as an independent director, in a move insiders say will give the bank an edge on the growing world of financial technologies – fintech.
Auditor calls for tighter travel
Western Australia’s auditor-general says the state’s public servants are spending too much on travel.
BHP reveals its sweet dealings
The Tax Office is chasing BHP Billiton for more than $500 million in payments it avoided by shovelling profits overseas.
iiNet bidding war starts with salvo from M2
M2 Group, the owners of Dodo and Primus, is entering the bidding war with TPG to buy rival telco iiNet.
Captain's call behind faux-science post
The University of Western Australia’s latest posting has caused some serious stirrings.
Super switch presented simply
Lessons could be learned from Australia’s newest superannuation expert – a 10-year-old girl.
Trowbridge gets tentative backing
Members of the Life Insurance and Advice Working Group (LIAWG) have publically endorsed the recommendations of group leader John Trowbridge, but not everyone is happy.
Queensland money-counters compare notes
More than 200 senior local government figures are gathering in Brisbane to thrash out key issues affecting the financial sustainability of councils in Queensland.
Stats staff move to strike
Union members at the Australian Bureau of Statistics (ABS) look set to join strike action alongside public servants from 12 other departments.
Labor's super plan shopped around
Labor has proposed superannuation tax changes that it says would bring more than $14 billion from over 10 years to the federal coffers.
Low cost green future waiting on policy, study says
New research says Australia could go 100 per cent renewable, with a few good policies.
Abetz rebukes union call for deeper view
Business groups have reacted poorly to a push by unions to change the Fair Work Act.
Hackers moving higher in bank attacks
The chief of Europol says online thieves are shifting their targets from bank customers to the banks themselves.
State of states swing on housing
Financial reports say the increase in construction activity in New South Wales has made it Australia’s top economic performer.
ANZ pays up for no advice
ANZ will pay back $30 million to thousands of customers wrongly charged for financial planning services.
ATO gets hip on young cats
The Australian Tax Office is using animated GIFs to sell the message of superannuation consolidation to trendy youngsters.
FMG expands while Twiggy slams opponents
Not long after its chairman called for a cap on iron production, Fortescue is now planning to mine much more.