Archived News for Finance Sector Professionals

Concerns have been raised about funds some thought were secured for Tasmanian schools.

Woodside strikers could lose assets for fines

Fair Work will move to seize the assets of dozens of constriction workers in WA, to pay for fines after illegal industrial action.

Dead bat played to strong call for tax reform

The Federal Government says it will not touch the GST, despite the top treasury official saying it should.

Queensland hears ante for tourist casinos

Casinos are on the cards in Queensland, with the state government looking at proposed sites around the Whitsundays this week.

Teacher strike sees thousands on streets, 103 schools closed

Over one hundred WA schools were closed as thousands of teachers took their anger to the streets this week.

Uni ads push for funds while billions swing

Universities Australia has launched a new campaign to increase public awareness of the importance of research and continued tertiary funding.

Fossil fuels lose super favour, still big on campus

A major Australian superannuation fund has deemed fossil fuels to be ‘socially unacceptable’, and will no longer make investments in that direction.

Medibank to make multi-billion debut

Medibank Private will be sold for several billion dollars, most likely in the current term of government.

Optus warned after $9 million rort repaid

The Australian Communications and Media Authority (ACMA) has issued a warning, but no monetary punishment after it found Optus had overcharged mobile customers around $9 million.

Rural projects' pain at living away changes

An industry body says new limits on tax concessions for Living Away From Home Allowances (LAFHA) are making rural construction projects more expensive, and placing a hefty burden on business.

ATO to call curtains on golden age of tax dodging

The Tax Office has given a grace period to all those stashing their money in offshore havens, saying a crackdown is coming.

Bodies clash on gas prices and protection

The industry lobby for Australian manufacturers says high gas prices and a domestic shortage will lead to the loss of over 100,000 jobs.

Serious issues seem not to set back massive military spend

Australia will likely spend billions on a Defence acquisition recently described as “unaffordable”, buying dozens of planes that currently cannot stay together for more than a few hours.

Young work rates rarely lower than right now

The latest youth unemployment figures show tough times in many regions, with some areas seeing dramatic spikes in joblessness over the last few years.

Charity links checked for success

Corporate sponsorship of non-profits has been used as a shortcut to public favour, but new research shows there is a fine balance between success and cynicism in charitable business.

Senate retains tax some say undermines mining

The Senate has rejected the Federal Government's attempt to bury the mining tax, voting down legislation to abolish the MRRT by 35 votes to 32.

Victorian claims plumb well of possible corruption

UPDATE - The Victorian Government has engaged a forensic investigations firm to look into the sources of the leaked information.

AGL to fight for MacGen while watchdog warnings ring out

AGL Energy will reportedly challenge the rejection of its bid for NSW state-owned electricity firm Macquarie Generation.

Funds locked awaiting future fuel review

Media outlets claim at least $1 billion worth of resource projects are on hold in Victoria alone, awaiting the review of the Renewable Energy Target.

Nuclear on list for novel, profitable, new Australian age

A new report from analysts at Deloitte Access Economics has highlighted 25 sectors that could drive the Australian economy in the future, including nuclear power generation and waste storage.