Archived News for Finance Sector Professionals

A Global Infrastructure Hub will be set up in Sydney to increase investment, after a deal was brokered at the G20 summit on the weekend.

Job worries as Mackay outsources

The Queensland Services Union wants a better look at the Mackay Regional Council’s new private consulting partnership.

Push to build balance with Robin Hood approach

A push is on to take a 0.05 per cent tax from big financial transactions instead of levying GST across the board.

Fizzy drinks to FSC as Coke boss trades in

Former Coca-Cola Amatil executive Sally Loane has been appointed to the Financial Services Council (FSC), replacing outgoing chief executive John Brogden.

Local super body praised as forward-thinking fund

Many big investors still consider climate change as a “load of rubbish” and a risk that they “don't need to think about”, one insider says.

NAB first of four to pay for poor fee claims

A settlement could be on the way that would see about 30,000 NAB customers share in up to $40 million in compensation.

Victoria's dodgy education dealings laid out

New revelations have woken up debate over a former Victorian Labor government's IT project, with reports that education department officials had shares in and even took jobs with the company given a $60 million government contract.

Locals cut off while Energex keeps the change

Over a billion dollars in “savings” held by Queensland state-owned energy company Energex will stay there, kept in the coffers while residents across the state pay ever-higher prices.

Big reveal shows low cost of tax-cheating

Insiders have leaked a huge tranche of Luxembourg tax deals, exposing the schemes and scams used by Australian and international companies to pay virtually no tax.

Plea to place science higher for better returns

The UK could be heading for the same science-sceptical funding arrangements that have taken over the Australian Government.

Quest to end Ebola questioned

Strong questions are being asked just days after the Government announced it would try to facilitate more Australian health workers helping the fight against Ebola in West Africa.

Trident takes $10k hit for trumped claim

ASIC has slapped a fine on Trident Investment Management for making potentially misleading statements to the market.

West could get off iron price

A West Australian business lobby says the economy can move away from construction and mining, despite rising unemployment.

More top places being taken by men

A new survey says the number of female top-level executives has dropped.

Boss says builders bring housing problem

The chief executive of a major Australian developer has gone against common thinking, saying local housing issues are caused by a lack of supply, not foreign investors.

Old energy keeps rolling, will stay with modern fix

A government energy report says coal and gas will keep the country running for decades, but might appear in a slightly different form.

Visa and green tape cuts in BCA's power plan

Australia’s place as the future home of cheap energy is at risk, according to reports, from the rise of North American, Brazilian and East African resource projects.

ANZ's fine figures contast NAB's fire-sale

ANZ has posted massive profit figures, just a day after word that NAB may have to lose weight to stay healthy.

Expert views on funding moves as Direct Action fires up

The Federal Government has provided an excellent opportunity for companies to appear as though they are doing something about their carbon emissions.

While whistles are needed, Cormann won't commit

With consumer confidence in financial advice in a pretty rough state, the Australian Securities and Investments Commission (ASIC) says its new Office of the Whistleblower will allow insiders to fight back.