Archived News for Finance Sector Professionals
Heads appear to have rolled at the Fair Work Commission’s (FWC) expert superannuation panel, with half its members jumping ship over conflict of interest allegations.
Big names drifting away from Abbot Point plan
The Queensland Government remains optimistic about the plan to expand the Abbot Point coal port terminal, despite very few interested private companies remaining.
Leighton's good run prompts power spill, ASIC look-over
Hochtief has sent a strong message to Leighton; stepping in, removing the company’s CEO and CFO, and replacing them with its own people.
Ok Tedi posts cost of tough times
A long string of troubles has left Papua New Guinea's giant state-owned Ok Tedi gold and copper mine with a dwindling pile of profits.
Media mixing rules up for review
The Federal Government says it is considering changes to cross-media ownership laws to reflect the current state of technology.
ACCC knocks back NSW bid to lose power
The New South Wales government has hit a significant hitch in its bid to sell its biggest power generator.
Big bank chief says rates will hover
The Reserve Bank governor has strongly indicated that rates will stay at their current record low, but has warned that investors should avoid cheap loans and running up household debt.
Body seeks funds to keep getting feet off the street
Authorities warn that the Federal Government should continue funding the National Partnership Agreement on Homelessness (NPAH), or put tens of thousands at risk.
Giles wants funds up north to unlock hidden wealth
The chief minister of the Northern Territory has put out the call for private investment in a range of sectors, saying there is untold economic potential for those adventurous enough to try.
Havens highlighted in claims of Apple's $8.9 billion dodge
Reports this week have shown the scale of tax avoidance perpetrated by some major companies, bringing about a Federal Government pledge to do something.
Higher learning takes regional beating
The Victorian Education minister has defended the state of regional tertiary education, which has been described as the backbone of rural centres.
Banks drag councils back to court to avoid paying dues
Appeals have been launched against a landmark Federal Court ruling in favour of NSW local councils.
Greens, Labor push to increase offset standards
The Labor party has joined the Greens in their push for a Senate probe into environmental offsets for mining firms, questioning whether the price they pay is really equal to the damage they produce.
Airline sets course for cuts, unions to haggle on size
Qantas has laid its cards on the table, and now the company boss will meet with unions to discuss plans to cut thousands of workers.
Future bright for chiefs of free learning
A conference in Canberra has seen some of the chiefs of the online education revolution spruik their achievements to local universities.
Paid parental plan finds fewer willing friends
The Prime Minister may soon be the sole supporter of his promised paid parental leave scheme.
Sneaky insurance sales sought by ASIC
The corporate watchdog has its eyes on companies that bundle insurance in add-on packages, after thousands of complaints.
Study slams public disempowerment
An economists’ report has said privatisation in the electricity sector is expensive and achieves little more than customer annoyance with none of the alleged benefits.
Big spend to get nearby neighbours up to speed
Nearly half a billion dollars will be spent to improve transport in Pacific regions.
Refugee price jump with new $1.2 billion responsibility
A new company will soon take over a large range of operations at Australia’s offshore detention centres, with the tragedy of recent violence still echoing around the country.
UGL hits back, saying books remain raw
Australian engineering firm UGL has emphatically denied media allegations that it “cooked the books” to misrepresent financial results for investors.