Archived News for Finance Sector Professionals

A new study has shown that self-managed super is certainly not a cheap option.

Bishop's chopper trip shows entitled excess

A furore is starting over the incredible travel entitlement spending of Federal Speaker Bronwyn Bishop.

Professor pushes calm in ever-shifting market

One Australian expert has warned mum and dad investors to brace for an extended stretch of uncertainty in global markets, as volatility becomes 'the new normal'.

Footy boss to help tackle SA unemployment

The chairman of the Adelaide Crows AFL team will lead a $15 million investment fund to attract businesses to South Australia.

ASIC urges new view of benchmarks

ASIC has warned sections of the finance sector to lift its game to prevent abuses of key benchmarks critical to the wider economy.

Lawyer says scrap Chap. 7 and start again

Financial services lawyer Ian McDermott says regulators should scrap Chapter Seven of the Corporations Act (the main financial services provisions) and start again.

Big cuts blamed for busted tax system

Shadow assistant treasurer Andrew Leigh says the Australian Tax Office's (ATO) online tax lodgement system is lagging because of Abbott Government job cuts in the public service.

Transport fraud trials continue

Nine men accused of running a multi-million-dollar public transport fraud ring in Victoria have been granted bail.

ABS figures bring call to look beyond mining

Figures show Australia's trade deficit narrowed in May, but the record trade deficit from April has been revised to be even wider.

ATO online falls in EOFY wave

The Australian Taxation Office (ATO) web tax filing service is struggling to cope with the EOFY influx.

BP to pay in multi-billion dollar oil deal

Energy giant BP has agreed to a $US18.7 billion ($24.5 billion) settlement over the 2010 Gulf of Mexico oil spill.

Carbon quest shouldn't be slowed by business, CCA says

The Climate Change Authority (CCA) says industry groups should not be concerned about aggressive reductions in greenhouse gas emissions unfairly harming energy-hungry industries.

Cost of living pushes more to the margin

Research shows one in seven New South Wales children are now living in poverty.

Saudi prince to spread incredible wealth

Saudi tycoon Prince Alwaleed bin Talal has promised his entire $US32 billion ($41.8 billion) fortune to charitable projects.

Sigma's sweet plan fails, drug bosses plead guilty

Two former Sigma Pharmaceuticals executives have pleaded guilty to falsifying accounts to inflate profits.

Cross-sector roundtable wants real climate moves

An odd coupling of business, union, environmental, investor and welfare groups has come together to push for action on climate change.

Hockey makes big deposit in new China bank

Treasurer Joe Hockey says Australia is lining up to become a founding member of the Asian Infrastructure Investment Bank (AIIB).

Insurance plan to dodge Government reform

Authorities are warning that life insurance changes will cost financial planners as much as $250 million a year in lost fees and commissions.

Super raid aimed at unions

The Federal Government has unveiled draft legislation to shake up corporate governance at superannuation funds.

TPP still coming, still criticised

There are strong signs that the Federal Government will soon commit to the controversial 12-nation Trans-Pacific Partnership, despite concerns it could be signing away its freedom.