Archived News for Finance Sector Professionals - November, 2024
The Digital ID Act 2024 will come into effect on December 1, as Australia pushes to modernise its digital identity framework.
Legal action over Webjet claims
Legal proceedings have been launched against Webjet, alleging it misled consumers about pricing and bookings.
Indigenous business boosted
The Albanese Government has introduced legislative changes to expand the role of Indigenous Business Australia (IBA), aiming to strengthen support for First Nations enterprises.
Thales probe opens
Defence giant Thales is under scrutiny in a bribery and corruption investigation.
Aged care adjustments pass
Australians entering aged care will soon face higher fees under sweeping reforms approved by the Senate.
Global green fund swells
Global leaders have struck a $460 billion annual climate funding deal at COP29.
Heart health pressures pockets
Australia is spending over $1.2 billion a year to manage high blood pressure.
Rush to cut surcharge starts
The Federal Government is moving to scrap surcharges for payments to government agencies.
Shell's LNG ideas doubted
Analysts say Shell’s liquefied natural gas (LNG) strategy could lead to significant financial losses for shareholders.
Direction set for giant fund
The Future Fund's makeover has sparked applause, criticism, and warnings of “political meddling”.
New laws to keep cash
The Federal Government says Australians’ right to pay with cash for essentials will be legally protected.
Green credit standards backed
At the COP29 climate summit, nations have endorsed higher standards for international carbon credits.
WA startup boost sought
Economists say Western Australia’s startup sector risks falling behind without targeted investment and reforms.
Cbus sued for payout delays
ASIC is suing Cbus for delays that left grieving families waiting for payouts.
Election caps outlined
Labor has proposed major electoral reforms to curb large political donations.
ID rebrand rolled out
The Federal Government has rebranded its myGovID digital identification app to myID.
Shell wins Scope 3 victory
Shell has won a legal battle that could weaken the push for emission targets.
Corporates cost local wallets
Analysis shows corporate profit-taking is driving inflation and squeezing household budgets.