Archived News for Finance Sector Professionals - April, 2020
Australia's official unemployment rate is yet to show the full effect of the COVID-19 shutdown.
Tehan extends higher help
The Education Minister says a higher education relief package is “unashamedly” focused on domestic students.
Westpac expects big hit
Westpac has revealed it expects to see a $900 million penalty for breaching money laundering laws.
Hodgman heads for new role
Former Tasmanian premier Will Hodgman has been given a new job by the federal government.
OPEC+ to cut production
OPEC+ has reached a deal to cut oil production by 9.7 million barrels per day.
ANZ backs death register
ANZ has worked with the NSW Government on a new website for individuals to notify the bank when a family member has died.
IMF issues grim forecast
The IMF says COVID-19 will push the global economy into the deepest recession since the Great Depression.
Super raid proves popular
Hundreds of thousands of Australians want to raid their superannuation to help ease financial hardship.
Wage freeze for federal PS
Federal public servants will have their wages frozen for at least six months, while politicians are resisting a pay cut.
'Pandemic leave' outlined
Many Australian employees are now entitled to two weeks’ “pandemic leave” for self-isolation.
ATO buys home setups
The ATO has bought thousands of new laptops and monitors for staff to work from home.
ERF auctions net 1.71 tonnes
The Federal Government has detailed its latest emissions-reduction purchases.
Networks offer new options
Energy networks around the country have announced a suite of measures to provide support to customers enduring hardship.
AOFM to sell $5b per week
The Federal Government's debt manager will auction $5 billion of government bonds a week.
Childcare help outlined
The Federal Government says it will guarantee a set income to all childcare centres over the next six months.
Economists estimate losses
Commonwealth Bank economists predict 580,000 jobs will be lost as a result of the COVID-19 pandemic.
Private price rise delayed
A planned private health insurance premium increase has been put back for at least six months.