Archived News for Finance Sector Professionals - April, 2018
On his first day, the new CEO of Commonwealth Bank has apologised for the banks past “failures”.
Overseas students bring billions
International education contributed a record $32.2 billion to the Australian economy in 2017, the latest trade figures reveal.
Executive representation slammed
There is a “dismal” lack of cultural diversity across government and the private sector, according to new research.
ATO insiders allege revenue drive
ATO whistle-blowers have alleged the department is revenue-driven and targets small businesses that are less likely to complain.
Big buy-out bid for Santos
Santos has received a $13.5 billion takeover offer from US firm Harbour Energy.
Biofuel billions on offer
A new report says an Australian biofuel industry could create thousands of direct jobs and generate billions in revenue each year.
Patients taking big hits
A new survey has found out of pocket medical bills commonly exceed $10,000 for patients with breast cancer and certain chronic conditions.
Big task for AUSTRAC head
New AUSTRAC chief Nicole Rose says there is a shocking level of money laundering in the economy.
Credit squeeze forecast
Experts at investment bank UBS say an expected tightening of lending standards will cut credit availability.
Export stats rise
Australia's exporters have posted a second consecutive solid monthly trade surplus.
School gaps hit GDP
A new report has found educational inequality is widening the gap between rich and poor.
Sector survey finds gaps in practice
A new APRA survey suggests the finance sector has a lot of work to do to meet levels of best practice.
Cap on PS exec's pay rejected
An inquiry has told the Senate not to cap the salaries of public sector bosses.
Papers probe Paris effects
Research predicts food production issues, water scarcity, and economic losses if the Paris goals cannot be reached.
LNP forms pro-coal lobby
Key LNP members have signed up to the Monash Forum – a group dedicated to new coal projects.
Rio completes coal exit
Rio Tinto has struck a deal to sell its last coal mine, signalling the end of its involvement with the mineral.