Archived News for Finance Sector Professionals - June, 2023
Key scheme hurt builders
The Morrison government’s HomeBuilder scheme appears to have benefited high income earners and select builders.
PwC split sale proposed
PwC Australia is planning to sell off its government consulting arm to private equity investor Allegro Funds for a nominal fee of $1.
'De-banking' sweep launched
The Treasury and regulators are joining forces to address alleged ‘de-banking’ practices.
Ethics probe prepared
The Joint Committee on Public Accounts and Audit has initiated an inquiry into the probity and ethics of the APS.
Gambling ban outlined
An Australian parliamentary inquiry has called for a complete ban on all advertisements for online gambling within the next three years.
IFM leadership shifts
A major infrastructure investor will soon be chaired by its second successive Labor figure.
Small firms prop economy
Small businesses in Australia have contributed over half a trillion dollars to the country's GDP ...
Defence cutting contractors
The Australian Defence Department is set to remove 2000 contractors, equivalent to one-fifth of its private workforce.
Rich risks in green shift
Research from the US suggests financial risks from renewable energy transition are concentrated among the wealthy.
ASIC slaps insurers
General insurers in Australia will repay over $815 million to more than 5.6 million consumers due to broken pricing promises ...
Bank responds to natural hits
The World Bank says it will ease financing for countries hit by natural disasters.
Junk food ad ban lands
Advocates have responded to a proposed junk food advertising ban tabled this week.
RBA notices hike effect
The RBA has acknowledged corporate price hikes contribute to Australia's inflation crisis, according to analysts.
Uni leader seeks free courses
The University of Melbourne's VC has joined with the Greens and student unions to advocate for free tertiary education.
Committee slams unnamed PwC
A parliamentary committee has accused consulting firm PwC of “a calculated breach of trust”.
Telstra/TPG block upheld
The ACCC’s call to deny Telstra and TPG’s regional network deal has been upheld.