Archived News for Finance Sector Professionals - September, 2017
Consumer advocates say a new ‘modern day lay-by’ could leave people with debts they cannot handle.
Private options opening
Commonwealth departments will soon be able to use the private sector to manage compensation claims.
Major childcare merger scrapped
A merger that would have seen a quarter of after-school care centres run by a single company has been called off.
Ships and subs bring international eyes
Big firms are circling as the Government gets ready to drop billions on boats.
Suncorp seeking digital edge
The CEO of Suncorp says the bank must change along with a shifting market.
Three tiers money effect checked
Academics have reported on the role of local government involvement in local and regional economic development strategies.
ICAC wants SA office overhauled
South Australia's corruption watchdog has called for an overhaul of the state's Public Trustee office.
Banks baulk at short BEAR window
The banking lobby is outraged at being given just one week to respond to draft accountability reforms.
Big banks predict rate rise
ANZ and NAB are both predicting the Reserve Bank will raise rates twice next year.
Big groups link for long outlook
NAB and CSIRO are joining forces for a project to explore ways for Australia to grow its most globally competitive industries.
CBA sells insurance arm
The Commonwealth Bank has sold its insurance business CommInsure Life for $3.8 billion.
CPA review details big spending
An independent review has found the former CPA CEO was overpaid and out of touch.
Date set for new trade deal
The Australian and Indonesian trade ministers say they will have bilateral trade deal in place by November.
Lost super tops $18 billion
New figures show there is almost $18 billion in lost and unclaimed superannuation accounts held by super funds or the ATO.
SA has eyes on space
The SA Government wants the state play a bigger role in the multi-billion-dollar space industry.
Victoria lowering donation limits
The Victorian Government says it will lower the cap on political donations and campaign funding.
Union warns of super risk
A new report warns of the effect that workers being forced out of enterprise bargaining will have on Australian super funds.
APRA launches cultural probe
APRA is launching cultural investigations into Australian financial institutions.
CCI issues WA tax warning
A WA business lobby says the Government's payroll tax increases will lead to the loss of 1,300 jobs.
Regulator circling CBA
ASIC chair Greg Medcraft says the corporate watchdog still has “plenty of time” to take action against Commonwealth Bank.