Archived News for Finance Sector Professionals
Amazon says it will block Australian consumers from its global sites to avoid new GST laws.
CBA agrees to $700 million fine
The Commonwealth Bank will pay a $700 million fine for its breaches of anti-money laundering and counter-terrorism financing laws.
Country costs for wireless NBN
It seems more regional residents want internet access than NBN designers planned for.
Insurance merger dies down
Western Australia's HBF has pulled out of a planned merger with health fund HCF.
NDIS expert wants new money
A former leader of the National Disability Insurance Agency (NDIA) has joined call for a funding overhaul.
Push to stop power 'discounts'
A former EnergyAustralia executive says the industry’s behaviour is at an all-time low.
FWC orders wage rise
The Fair Work Commission has increased the national minimum wage by 3.5 per cent to $719.20 a week.
Cash to fight Court's call
The Federal Court has ordered Jobs Minister Michaelia Cash to give evidence in a legal case ...
Report calls for APS openness
Federal agencies may be forced to report the pay of senior bosses and disclose spending on contractors ...
SA ICAC wants more backing
South Australia's Independent Commissioner Against Corruption Bruce Lander is pushing for more funding.
PC calls for super change
Australia's superannuation system has been described as “an unlucky lottery”.
BHP makes deal with QLD
BHP has reached an “in principle” agreement with Queensland over a $288 million coal royalty dispute.
Crypto-scams quantified
Analysts say about US$1.2 billion in cryptocurrency has been stolen since the beginning of 2017.
NAB responds to national fail
NAB says it will compensate customers for a nationwide network breakdown.
Note-printers not happy
The people in charge of printing banknotes have gone on strike because they do not get enough of them.
Optus fined for NBN claims
Optus has been fined $1.5 million for misleading customers about their transition to the National Broadband Network (NBN).
Scammers took $4.7m in 2017
The competition watchdog says scammers swindled nearly $4.7 million from Australian businesses in 2017.
Auditors told to open up
The internal auditing profession has been urged to lift its game and weed out unethical or unlawful practices.
Bank language under legal lens
Court proceedings against Westpac have focused on the meaning of the term “f*ck it”.