Archived News for Finance Sector Professionals - April, 2024
AUSTRAC asked to eye TikTok
AUSTRAC has been asked to investigate TikTok over money laundering concerns.
Ex-PC heads call for re-think
Productivity Commission veterans have criticised the Albanese government’s economic direction.
New defence spend detailed
The Albanese government has allocated $330 billion for defence spending over the next decade.
Alinta boss sees price rise
A big player in the energy sector says Australians will pay more for power.
Woodside stares down green revolt
Woodside Energy is at a crossroads with environmentalists and investors over its climate strategies.
Big bump for QLD tradies
The minimum pay for the average Queensland construction worker on civil projects has been increased to over $200,000 a year.
Jail time for inside bid
Cameron Waugh, a well-connected Perth corporate advisor, has been sentenced to jail for insider trading.
Local focus for new funds
Anthony Albanese has unveiled a new effort to reshape Australia's economic and industrial framework.
Merger reforms detailed
Tech investors have rejected the government’s planned merger reforms, saying they could kill off start-ups.
Spreadsheet error slammed
A basic tech failure has prompted calls for an overhaul of the $70 billion government procurement system.
Farm firm blames Bureau
A major agriculture firm has blamed the Bureau of Meteorology for significant financial losses.
Combet speaks on power shift
Greg Combet, incoming chair of the Net Zero Economy Agency, has urged a “just transition” for coal workers in the shift to renewable power.
PwC criticisms compound
A Senate report has criticised an ongoing coverup, as the PwC tax leaks scandal continues.
ANAO seeks input
The Australian National Audit Office (ANAO) wants feedback on its draft Audit program for the 2024-25 financial year.
Automated concern raised
The Federal Government has received warnings over its use of AI decision-making.
Centrelink age limits questioned
Advocates want Centrelink to lower the age of independence for Youth Allowance from 22 to 18.
CSIRO seeks local AI
CSIRO says Australia is in a perfect position to harness AI for its technological future.