Archived News for Finance Sector Professionals - May, 2017
The Turnbull government wants the Clean Energy Finance Corporation to invest in carbon capture and storage.
Hydro drives green power rise
New figures show renewable sources provided 17 per cent of Australia’s electricity in 2016 – a 3 per cent increase on the year before.
Tinkler taking forced break
Nathan Tinkler has been banned from managing companies for over three years, after failing to uphold his duties as director.
ASIC trying to move with tech
Corporate regulator ASIC is making changes to keep up with rapidly changing tech sectors.
Big health re-jig considered
Top government officials are looking at public hospital funding reforms that could see consumers pay more.
Coal commitment shrinking in QLD
The Queensland Government will not give away royalties for Adani’s Carmichael coal mine.
Study plugs UK's genetic insurance rules
As genetic testing becomes a cheaper and more powerful medical tool, experts are concerned about how the insurance industry treats it.
ABA says banks caught short
The Australian Bankers' Association says the Federal Government is silencing debate on the newly-announced bank tax.
Ansell sold to China
Ansell – a figurehead of Australian manufacturing – has been sold to Chinese interests.
Careers Australia collapsing
A major vocational education provider has gone into voluntary administration.
Credit cut goes down poorly
Banks are speaking out against Standard & Poor’s decision to downgrade the credit ratings of 23 small Australian lenders.
Oil cuts continue
The OPEC oil cartel has extended its self-imposed production cuts, but the market has not responded as intended.
Shared services breaking down
The Federal Government appears to have abandoned its “Shared Services Centre”, after sinking $210 million into the idea.
Adani steps back amid bickering
Adani has indefinitely delayed a meeting that was set to decide the future of the Carmichael coal mine.
Forrest drops major money
Mining magnate Andrew ‘Twiggy’ Forrest has announced a $400 million philanthropic donation.
'Holiday' plan shows QLD keen for coal
The Queensland Government wants to sweeten its deal with Adani by offering a “royalties holiday” worth hundreds of millions of dollars, but not everyone is on board.
ATO helps firms in loan "red zone"
The ATO is focusing on multinational companies it says are in the “red zone” for tax deductions and cross-border “related party loans”.
Lid lifts on big tax grift
ATO deputy commissioner Michael Cranston has been accused of conspiring to “defraud the Commonwealth”.
Cashless card progress slowing
Plans to expand the cashless welfare card scheme could struggle to pass Parliament.
Banks call for inquiry
Australian banks are now calling for an inquiry, amid calls for an inquiry into the banks.