Archived News for Finance Sector Professionals - June, 2022
The Fair Work Commission has announced a 5.2 per cent increase in the minimum wage, keeping it barely ahead of inflation, for now.
ACCC eyes rail deal
The competition regulator has some concerns about Aurizon’s proposed One Rail acquisition.
Airbnb faces dollar allegations
Airbnb is being taken to court for allegedly suggesting prices were in Australian dollars, when they were actually displaying US dollar prices.
Call to tighten green credits
Experts warn that loose renewable energy certificates could undermine emissions reduction efforts.
Centrelink outsourcing trimmed
Services Australia says it is cutting its outsourced workload by 30 per cent.
Gas lobby blames coal
Australia’s major gass lobby says spot price markets and coal failures are behind recent pressure on power prices.
New watchdog outlined
The Albanese government says its national corruption watchdog will be able to look into recent corrupt conduct.
Shorten eyes NDIS scams
The federal government wants to crack down on fraud and other criminal activity in the National Disability Insurance Scheme (NDIS).
Borrowers hit with quick rise
The big four banks have moved to pass on the Reserve Bank's interest rate rise to mortgage borrowers in full.
Dutton slammed for sub chat
Opposition Leader Peter Dutton may have jeopardised multi-billion-dollar submarine plans by divulging sensitive discussions ...
Victoria warns power firms
Victoria’s energy regulator says energy retailers who dump customers without offering competitive price plans could lose their licence.
PS fights private poaching
Authorities say the federal government must tackle staffing shortages to enact its agenda.
ACCC eyes digital shift
The ACCC is focusing on competition issues with the shift to digital payments.
Gas issues flow to Bowen
Newly appointed climate and energy minister Chris Bowen is starting his new job by diving headlong into an energy market crisis.
Big firms tip higher rise
Goldman Sachs and Bank of America expect the Reserve Bank of Australia to announce a full 1 percentage point increase to the cash rate in the next two months.
CHOICE urges crypto regs
Consumer advocates are urging the federal government to regulate cryptocurrency exchanges.
Crown fined for China scheme
Melbourne's Crown Casino has received an $80 million fine for allowing the illegal transfer of funds from China.