Archived News for Finance Sector Professionals - April, 2018
APRA has slammed CommBank over events surrounding its alleged 53,00 breaches of ...
Alinta makes Liddell bid
Hong Kong’s Alinta Energy is making an official offer for AGL Energy’s ageing Liddell coal plant.
Telstra fined for billing rip-off
Telstra has been fined $10 million for signing up mobile customers for ‘premium billing’ without their knowledge or agreement.
Concern over cash loan machines
Experts say instant cash loan machines could leave low-income families in a debt trap.
QC calls for AMP charges
The banking royal commission has recommended AMP be prosecuted for misleading the corporate regulator.
Small fine for Crown fix
Victoria’s gambling regulator has handed casino-operator Crown a $300,000 fine for the illegal altering of poker machines.
ANAO suggestions rejected
The Treasury Department has dismissed all recommendations in a report on its corporate planning and reporting responsibilities.
Unions push wage rise
Unions say a $50-a-week increase to the minimum wage would create up to 87,000 jobs in two years.
NEG chats to continue
State and territory energy ministers have agreed to continue discussions on the National Energy Guarantee (NEG).
TV lobby wants tighter 'net rules
The Australian TV lobby wants Facebook and Google to be more transparent ...
AMP grilled, CEO bails
AMP chief Craig Meller has quit amid scandals uncovered at the banking royal commission.
O'Dwyer outlines profit penalties
The Federal Government is seeking bigger fines and jail terms for dodgy bankers and other corporate criminals.
Open letter seeks key cash reforms
Australians should be taxed to “fund the health, education and transport services we need”, according to an open letter from 46 other high-profile signatories.
Change to make NAIF more available
The Federal Government is loosening the requirements for NAIF funding.
Advisors lacking academic backing
The financial services royal commission has heard just over a third of financial advisers hold a related university degree.
ATO chief seeks image improvement
ATO chief Chris Jordan says the agency is very keen to restore public confidence.
Feds mulling credit plan
The Federal Government is considering allowing energy companies to buy offsets to comply with the 26 per cent emissions reduction target under the NEG.
WGEA urges home-time for men
The Workplace Gender Equality Agency (WGEA) says employers should allow men more time at home.
AUSTRAC to watch digital trades
New laws put Australian cryptocurrency exchanges under the scrutiny of financial intelligence agency AUSTRAC.