Archived News for Finance Sector Professionals - February, 2013
The Commonwealth Bank has announced the launch of its new MyWealth service, which it says is the response to the needs of growing numbers of self-directed investors.
Unemployment rate steady at 5.4 per cent
Unemployment has remained steady at 5.4 per cent in January, according to statistics released by the Australian Bureau of Statistics (ABS).
ACCC kicks off Federal Court proceedings against Visa
The Australian Competition and Consumer Commission (ACCC) has formally commenced Federal Court proceedings against Visa Inc, alleging a series of contraventions of the Competition and Consumer Act 2010 in relation to dynamic currency conversion services (DCC).
Government pledges tax transparency for large businesses
The Federal Government has flagged its intention to improve the transparency of the country’s business tax system, with a specific eye on improving practices surrounding large and multinational businesses.
ABA releases improved Code of Banking Practice
The Australian Bankers’ Association (ABA) has released an revised Code of Banking Practice, which it says provides improved rights for customers and sets out a binding minimum standard of service.
Approvals fall in December
The number of dwellings approved fell 4.4 per cent in December, according to the recently released ABS Building Approvals figures. The fall comes after a 3.4 per cent rise in November.