Archived News for Finance Sector Professionals - May, 2019
South Australia’s giant Tesla battery has delivered a $22 million profit in its first full year of operation.
Private school funding soars
Government funding to private schools has grown by far more than public schools over the decade to 2017.
Union head to make wage case
The ACTU president is set to address a minimum wage case for the first time in decades.
ACCC allows big drug deal
The competition regulator has allowed GSK’s proposed acquisition of Pfizer’s consumer healthcare business in Australia to continue.
Phone fight goes to court
Telstra is headed to Federal Court after its ads on the back of payphones were dubbed a “cash grab”.
TPG-Vodaphone deal denied
The competition regulator has opposed the planned merger of TPG and Vodaphone.
Billions sit with little interest
Experts say Australians are losing out, as billions of dollars in term deposits earn almost no interest.
Charities minister pledged
The ALP says Australia will get its first minister for charities if it wins the May 18 federal election.
Climate costs counted
A new report warns climate change is a major threat to Australia’s financial stability, and poses substantial systemic economic risks.
NT issues tight budget
The Northern Territory government says its budget will put the brakes on nearly two decades of expenditure growth.
Compo quest for Doyles Creek
NSW politicians are pushing for compensation over a scrapped mine deal.
Robo-debt wiped before court
The Department of Human Services (DHS) has wiped a $4,000 Centrelink ‘robo-debt’ just before a legal challenge.
Nine offloads regional news
Nine has sold more than 160 regional newspapers to a former Fairfax employee.
Super switch cost counted
Analysts say lifting mandatory super to 12 per cent will strip $20 billion a year out of wages.
Tech giants using money trick
Facebook and Google continue to funnel most of their money out of Australia to the low-tax haven of Singapore.
Uber faces class action
The taxi industry has launched a class action alleging that Uber operated illegally in Australia.
Greens launch PS plan
The Greens say they would grow the federal public service by 15,000 and pay them 4 per cent more a year.