Archived News for Finance Sector Professionals

The ALP says it wants to encourage brilliant minds to start new companies in Australia.

Points checked in APRA's ADI review

The Australian Prudential Regulation Authority (APRA) has released a consultation package on Authorised Deposit-taking Institutions’ (ADIs) Points of Presence statistics.

Frydenberg heading north for pro-mining talks

Josh Frydenberg, the new Resources and Energy Minister and Minister for Northern Australia, is heading to the top of the country to push for new opportunities.

Sims speaks on Harper help again

The Australian Competition and Consumer Commission chairman has again spoken of the need to take on recommendations from the Harper Review of competition policy.

Chevron shifting could be in billions

The world's biggest trade union says US energy giant Chevron has been profit-shifting to drive down the tax it pays in Australia.

Power costs can be covered in anti-carbon switch

A new report from Greenpeace says that for the world to switch from climate-altering fossil fuels to renewable energy by 2050 would cost about $A1.39 trillion per year.

Swisse swings to HK firm for $1.67b

Australian vitamin supplier Swisse has been sold for $1.67 billion to Hong Kong-listed firm Biostime.

Debt reach extending overseas

The Federal Government is pushing to able to collect student debt from Australians living overseas.

Experts warn about unchecked corruption

Chartered Accountants Australia and New Zealand says companies in both countries are too laid back about corruption, bribery and fraud.

Mining boss digs into women's working issues

Former BHP executive Libby Lyons has been appointed director of the Workplace Gender Equality Agency.

Workplace drug study finds good help lacking

New studies show workplace drug and alcohol policies work, comprehensive policies really work – but mandatory testing alone does not.

APRA happy with big banks' stashes

APRA says it is satisfied with the big banks' efforts to boost capital reserves as a protection against a future financial crisis.

Big hit for low-income hinges on budget plans

New figures suggest growth in living standards will dramatically slow in the coming decade, and actually decline for the country's most disadvantaged people.

Migrant community contains untapped innovation

New research has identified the migrant community as an untapped source of innovation and entrepreneurship.

Woodside fails bold bid for more barrels

UPDATE 15/09: The Oil Search executive board has unanimously rejected Woodside’s proposal, saying it was “highly opportunistic and grossly undervalues the company”.

ASIC shift could bring little benefit

Assistant Treasurer Josh Frydenberg has suggested that businesses be “levied” to pay for the Australian Securities and Investment Commission, but one local expert says it would be against the public interest.

Guilty plea in big dodgy dealings

A former financial services provider has been pleaded guilty for his role in a multi-million dollar home-loan fraud conspiracy.

Scullion plugs Indigenous help in ChAFTA

Nigel Scullion says the China-Australia Free Trade Agreement will have a positive effect on Indigenous communities.

Nuclear hearings told of renewable boost

The royal commission into nuclear fuel cycles has opened in Adelaide, and its first witness has warned that Australia needs to catch up with other countries in combating greenhouse gas.