Archived News for Finance Sector Professionals
A long-awaited major review of Australian childcare has called for a single means-tested payment and federal funding for nannies.
RBA moved to get in touch with the blind
The Reserve Bank of Australia (RBA) is undertaking significant reform, prompted by an unlikely source.
Tech sector picked as pickaxes slow
Analysts are pushing for better way to promote innovation in technological industries, to fill the economic void left by the mining decline.
Uni change may not save
Economic modelling shows the Abbott government’s plan to deregulate university fees would drive up inflation in such a way that it will cost more than the savings from the change.
Block switch to bring big home boost
Sydney Council says a CBD construction boom is ramping up, thanks to funds from multinational investors.
Accountants urged to self-school on SMSF
Reports say accountants may have to charge headlong into advice on self-managed superannuation funds, despite not understanding the process for the uptake of the limited licensing regime.
ASIC warns ahead of registry launch
The Australian Securities and Investments Commission's (ASIC's) adviser register should be ready for use by March 31.
ASX keeps clearing in lieu of better idea
ASX Limited will not give up its monopoly in share clearing, arguing that it would too difficult and probably ineffective.
FOFA fizzles in federal storm
Insiders say the Federal Government appears to have given up on its contentious changes to Future of Financial Advice (FOFA) legislation.
Gambling gains only part of the game
A new study suggests monkeys have a very human desire to learn, especially if it proves them right.
Planners want deductions up-front
The Financial Planning Association (FPA) wants up-front financial advice fees to be tax deductible.
ATO offer could drive servants to the streets
21,000 Australian Taxation Office workers may take industrial action following a pay deal described as “miserly, low and unfair”.
Sydney Uni expels high-emitting stocks
The University of Sydney has become the latest big Australian institution to get cold feet on coal.
Banks push for Super turf
Industry superannuation funds say consumers do not make rational choices, and banks should not be allowed to bid for workers’ futures.
Forced freedom for overworked nation
Japan is considering forcing workers to take five compulsory paid holidays per year, in a bid to lessen the toll from rampant overworking.
Good money falls in big pay gap
Key figures on Australia’s financial landscape met this week to work on solutions for the industry’s gender equality problem.
Greece hurt in quest to fight financial Hades
The European Central Bank (ECB) no longer allow Greek banks to use government debt as collateral for loans.
Websites stack cash but papers don't help News
Rupert Murdoch’s grip on the family empire may be slipping, while News Corp profits slide down too.
Sticky stand-off delays pay talks again
A delicate dance continues this week between tens of thousands of public servants and the departments they work for.
Ratio change to slug parents
Many families will pay $60 more for childcare each day when new staffing rules are applied next year, which does little for Tony Abbott’s pledge to make daycare cheaper.
Forgotten daughter digs in to mining wealth
The granddaughter of a former mining boss has made a very specific list of demands in her bid to obtain more of her father’s legacy.