Archived News for Finance Sector Professionals - July, 2018
More details have emerged about $443.8 million in reef funding that was awarded without a competitive tender process.
Manufacturing change urged
Australian manufacturing must innovate or be swallowed up in just a few short years, according to one expert.
Wealth report reveals big gap
A new report on wage equality finds Australia's richest 20 per cent own almost two thirds of country's wealth.
BHP offloading oil
BHP is moving to sell its onshore US oil and gas assets for a total of $14.2 billion.
China will find 5G role
Huawei says China will be involved in Australia’s 5G network regardless of potential government bans.
Media giants to merge
Fairfax and Nine have announced a $4 billion merger that is being seen a blow to the standards of Australian media.
NAB to pay back advice fees
National Australia Bank will refund $67 million after overcharging superannuation customers.
NDIS team to catch crooks
The Federal Government is setting up a 100-person task force to catch people trying to rip off the NDIS.
Secretive compo stacks up
Bureaucratic bungles are costing taxpayers millions each year in secret compensation payments.
NEG set to drive down bills
New modelling has found Australian households would save about $150 every year on their power bills under the NEG.
Super sued over climate action
A $50 billion super fund is being sued for failing to provide details on how it deals with climate change.
Ambulance bills to be reviewed
Ambulance Victoria will review its debt collection processes after claims it has “unethically” pursued bills.
Future Fund ethics questioned
The federal Future Fund is reportedly benefiting from widespread underpayment and exploitation ...
NEG study finds wrong effects
Modelling suggests the National Energy Guarantee will raise electricity prices, cripple renewables and do nothing for climate change.
Canavan defends NAIF spend
Changes could be on the way for the fund designed to turn northern Australia into an economic powerhouse.
Google hit with EU fines
Google has received a record $6.85 billion antitrust fine for the way it pushes its Android operating system.
Cashless card data doubted
The audit office says evidence about the effectiveness of the cashless welfare card is unreliable.
PM&C seeks gender details
Men still dominate top executive roles, despite often being out-performed by women.
Adani says rail money secured
Adani appears close to locking in finance for a key part of its $16.5 billion Queensland coal mine.