Archived News for Finance Sector Professionals - August, 2023
A government committee has heard internal details of how one consultancy secured millions in government work.
Qantas destined for court
Qantas has made headlines this week for allegedly taking money it was not owed, and making it very difficult to get back.
Business shift scrapped
The Federal Government has reportedly abandoned its business registry modernisation efforts due to cost overruns.
MP pay rise outlined
Federal MPs and other public office holders are set to receive a 4 per cent pay increase - the most substantial salary hike in ten years.
Netflix sees first slide
Netflix has experienced a decline in its Australian subscriber numbers for the first time.
Snowy costs rise
Snowy Hydro has confirmed that the cost of its ambitious Snowy 2.0 pumped hydro storage project has ballooned to a staggering $12 billion.
Fortescue chief leaves
Fiona Hick, CEO of Fortescue Metals, has stepped down from her position just six months after assuming the role.
Chinese swoop tallied
Chinese companies have bought half of the world's largest lithium mines since 2018.
Indonesia FTA boosted
Australia and Indonesia have inked an enhanced Free Trade Agreement (FTA), opening new doors for businesses.
New blood for ASIC 'refresh'
Treasurer Jim Chalmers has unveiled three new appointments to the corporate watchdog.
Report predicts red future
Australia is facing four decades of budget deficits, according to the latest Intergenerational Report.
Charity hack hits donors
Thousands of donors to Australian charities have had their personal information exposed online.
Ex-ASIC chair speaks
James Shipton, former ASIC chair, says he endured an “abusive advertising campaign” without any government support.
Future Fund aims at debt
Australia's $200 billion sovereign wealth fund is directing more capital into high-grade corporate debt.
NSW sees deficit surge
NSW’s Treasury has revealed a projected deficit of almost $2 billion by 2026-27.
PC ex-chief calls for uni money
Outgoing Productivity Commission chairman Michael Brennan has proposed increasing student contributions to improve university access.