Archived News for Finance Sector Professionals
Ansell – a figurehead of Australian manufacturing – has been sold to Chinese interests.
Careers Australia collapsing
A major vocational education provider has gone into voluntary administration.
Credit cut goes down poorly
Banks are speaking out against Standard & Poor’s decision to downgrade the credit ratings of 23 small Australian lenders.
Oil cuts continue
The OPEC oil cartel has extended its self-imposed production cuts, but the market has not responded as intended.
Shared services breaking down
The Federal Government appears to have abandoned its “Shared Services Centre”, after sinking $210 million into the idea.
Adani steps back amid bickering
Adani has indefinitely delayed a meeting that was set to decide the future of the Carmichael coal mine.
Forrest drops major money
Mining magnate Andrew ‘Twiggy’ Forrest has announced a $400 million philanthropic donation.
'Holiday' plan shows QLD keen for coal
The Queensland Government wants to sweeten its deal with Adani by offering a “royalties holiday” worth hundreds of millions of dollars, but not everyone is on board.
ATO helps firms in loan "red zone"
The ATO is focusing on multinational companies it says are in the “red zone” for tax deductions and cross-border “related party loans”.
Lid lifts on big tax grift
ATO deputy commissioner Michael Cranston has been accused of conspiring to “defraud the Commonwealth”.
Cashless card progress slowing
Plans to expand the cashless welfare card scheme could struggle to pass Parliament.
Banks call for inquiry
Australian banks are now calling for an inquiry, amid calls for an inquiry into the banks.
Unions want jail for stolen pay
A key figure in Australia’s unions wants bosses who underpay workers jailed.
'WannaCry' worms its way worldwide
Windows computers around the world have been hit by ransomware ...
Payroll project not looking good
An independent audit suggests the Queensland Government is at high risk of another payroll disaster.
Banks respond to looming changes
The Federal Government has unveiled a range of moves to make the banking system more competitive.
Council grants unfrozen
Councils have applauded budget measures to restore indexation to FAGs, after a tough three-year freeze.
States split in budget response
There has been a mixed reaction from the states to the federal budget, linked largely to the political allegiances of state governments.
Betting ban to bookend big games
The Federal Government is banning gambling advertising before 8:30pm during live sporting events.