Archived News for Finance Sector Professionals - March, 2015
New figures show gay men earn around 20 per cent less than their heterosexual counterparts, while lesbians out-earn heterosexual women by at least 33 per cent.
Baby steps on big tax switch
The Federal Government has put its cards on the table in regard to tax reform, and is moving slowly following the release of a very broad discussion paper.
Forrest faces red figures after new iron drop
The iron price has dropped again, and Andrew Forrest is having trouble finding friends to fix it.
President calls for China bank backers
Chinese President Xi Jinping has called for global support on Beijing's ideas for a new development bank, and Australia may take him up.
RBA sends message to house investors
The Reserve Bank has issued a warning to investors amid overinflated prices that continue to climb.
ASIC welcomes more metadata
ASIC say it needs access to private telecommunications to function properly.
Education mooted in planning standards push
As the Federal Government pushes for better standards for financial planners, it appears very likely that university degrees will be required soon.
Locals help Bloomberg's big fund
Global finance giant Bloomberg has joined with the Australian Government on a $100 million health program.
Low pay from life insurance planned
A plan to scrap big life insurance commissions could see an end to the careers of many financial planners.
Committee says asset-selling fund misses point
A Federal Parliamentary committee has slammed the Federal Government's Asset Recycling program.
Small nudge for big effect in liquidation
Business simulation experiments have shown simple interventions could increase compliance by company directors whose companies are undergoing liquidation.
Workforce warned before robot revolution
Robots will change the Australian workforce in the next decade, according to some.
Leighton looks for better luck with new name
Leighton Holdings is changing its name to avoid corruption allegations.
ASIC to check power pole report claims
A furore is forming over a UBS report into the election promises of the NSW Liberal party.
Caution urged on android advice
Members of the superannuation sector have warned about the risks of relying on technology and robo-advisers.
Experts speak on super insurance back door
Insiders say planners are using generous superannuation fund group insurance deals to get cover for people who would otherwise not be accepted.
Planners' dealings caught in metadata sweep
The Federal Government’s data retention bill passed the lower house last week, and could soon give authorities new access to the telecommunications data of financial planners.
Harsh words and hand-outs on Close The Gap day
Last Thursday was national Close The Gap day, and while events were on around the country to address Indigenous inequality, the Prime Minister’s top Indigenous advisor had some harsh words for his boss.
Vic seeks budget switch to dodge federal hits
The Victorian Government may move its future budget announcements to avoid being blindsided by the Federal Government.
More lean toward big China building bank
There is strong speculation that the Federal Government will switch its stance against a big Chinese bank, in the hope of securing money for infrastructure.