Archived News for Finance Sector Professionals - April, 2021
Commonwealth prosecutors are proceeding with a case against ATO whistleblower Richard Boyle.
Crown slammed for junket links
Crown Casino in Melbourne has been fined $1 million over its junket operations.
Ex-PM wants port lease review
A former PM has called for the Darwin Port lease to a Chinese company to be reviewed.
Taylor talks of state gas
The Coalition has proposed using a government-owned company to build its own gas-fired power station.
Super funds face green votes
Australian super funds have threatened to vote against company directors not tackling the climate crisis.
COVID fund undermined
An audit has found a fund to protect Victorian businesses during COVID-19 lockdowns was failed by poor administration.
Resource use near double capacity
Experts say the world is spending 173 per cent of its natural resource capacity.
APRA outlines green risk
One of Australia’s main finance regulators has given companies a gentle nudge on climate change risk.
Fossil subsidies top $10b/year
A new report shows Australian governments spend $19,000 a minute in fossil fuel subsidies.
NSW pays out mine plans
The NSW government is paying $100 million to stop coal mining on prime agricultural land.
Greensill heads for liquidation
Greensill Capital’s creditors have voted to liquidate the company, including debts of $4.9 billion.
JobKeeper jolt holds off
Insolvency specialists say company collapses in the wake of JobKeeper are still coming.
Feds veto Victorian deals
The Federal Government has torn up Victoria’s Belt and Road agreements with China.
Airline agrees to cartel pay scheme
More progress has been made in legal action against a global price fixing cartel in the air cargo industry.
Tax imbalance highlighted
Experts say Australia’s tax policies are leading to inequality between rich and poor, and between men and women.
Google misled users over data
Google has been slammed for misleading consumers about personal location data collection.
MS buys speech tech firm
Microsoft is buying a major speech recognition firm as part of a $20 billion deal.
Shell sees no PRRT
Shell says it does not expect to pay Australia resource tax on gas drawn from its Gorgon offshore project.
Church rents questioned
The Greek Orthodox Church has charged exorbitant rent from its aged care homes, making millions while residents suffer.