Archived News for Finance Sector Professionals - November, 2012
The Victorian auditor General has handed down the final approval of the 2011-12 Annual Financial Report (AFR), confirming the $571 net operating result.
ASIC launches campaign to reunite people with wayward money
The Australian Securities and Investments Commission (ASIC) has launched a new campaign to help re-unite Australians with their lost money, after the total amount of unclaimed cash had risen to a record $667 million, an increase of more than $40 million from 2011.
Consumer sentiment records strong lift
Consumer sentiment has recorded a 5.2 per cent bounce, with the Westpac Melbourne Institute of Consumer Index tracking it at 99.2 points in October to 104.3 points in November.
Jordan named Commissioner of Taxation
The Federal government has announced the appointment of Chris Jordan as Commissioner of Taxation for a seven-year period, starting in January next year.
Victoria announces Banksia support
The Victorian Government's Banksia Working Group has announced a series of support measures aimed at providing immediate assistance to communities impacted by the recent collapse of the Banksia Finance Group.
Business confidence hits four-year low
Business confidence has plummeted to the lowest point in four-years, according to a new report released by New Port Consulting.
RBA keeps a steady hand on rates
The Reserve Bank of Australia has bucked the trend of a Melbourne Cup interest rate cut by keeping the official cash rate unchanged at 3.25 per cent.
Unemployment remains at 5.4 per cent
Australia's seasonally adjusted unemployment rate decreased slightly but the rounded estimate remained at 5.4 per cent in October, as announced by the Australian Bureau of Statistics (ABS).
Yellow Brick Road to crack into financial services sector
Yellow Brick Road has announced it has launched ‘an assault’ on the banking sector in a bid to establish ‘a much-needed alternative for Australian consumers’ by providing a range of mortgage products with banking and wealth management solutions to come online by 2013.
ANZ announces Asia-Pacific merger
ANZ has announced the merger of its Asia and Pacific businesses, to be led by current CEO Asia Gilles Planté, who will now be appointed ANZ CEO Asia Pacific.
Job ads continue to fall
The number of advertised jobs in Australia has continued to fall, recording its lowest point in over two years in October.
Money and happiness, not what you'd expect
People earning between $100,000 and $124,999 are the happiest in the country, but any more than that and happiness begins to peter out according to new research released by psychometric testing company Onetest.
New CFO for Asciano
Asciano has announced the appointment of Roger Burrows as the company’s new Chief Financial Officer.
Retail grows by 0.5%
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.5% in September, seasonally adjusted, following a rise of 0.3% in August.