Archived News for Finance Sector Professionals
The Prime Minister has launched a Royal Commission into union governance and corruption across a range of industries, with terms of reference set to string up dodgy workplace practice nationwide.
Rock scan pays off in spades
A university project using advanced technologies to look for crude oil has sold for $76 million.
Electronic losses lead to sale and sacking
Sony’s failure in the PC market has led to big losses for the electronics giant, which must now cut thousands of jobs to stay alive.
Energy bosses want extra options for new direction
The entire $120 billion energy industry wants its own set of options in the government’s Direct Action policy, asking to be exempt from the bulk of new laws.
Super leaders want help from outside the fold
The heads of some union-backed superannuation funds have made a surprising announcement, saying they would like more independent outsiders on their executive teams.
$70 mil for self-owned schools seen as unhelpful distraction
Seventy million dollars will be spent in an effort to convert 25 per cent of public schools to the Independent Public School model, with Federal Education Minister Christopher Pyne now announcing a special ambassador to help make it happen.
ACCC moves to unnatural funds after numbers fail to fall
Leaders of the Australian Competition and Consumer Commission are feeling strapped for cash, admitting that ‘natural attrition’ has not thinned its numbers, and it needs more money for redundancies.
Baby tax change could bring bonus on return
The Tax Institute of Australia says there are a range of benefits that would come from making child care tax deductible.
$6 billion dollar industry at risk from cheap environmental choice
The Great Barrier Reef Marine Park Authority has, after “rigorous assessment”, approved the disposal of dredge spoil within the Marine Park, making only minor requests in the granting of the dredge permit.
Big bump for online housing lister
Some insiders are unsure what to make of a big jump in profits for an online real estate advertiser.
Seeds planted for farm bank plan, no word on sprout times
A Federal Government Minister is pushing for billions of dollars to help workers toiling in some of the worst conditions for decades, and it looks like the Prime Minister is keen to help too.
Two hundred cases do not justify charity watchdog
The public sector union says no good will come from the Federal Government decision to scrap the Australian Charities and Not-For-Profits Commission.
Crypto-currency pinned for hard cash transfer
Soon, adopters of the much-touted yet highly-confusing new currency 'Bitcoin', will be able to convert their digital dollars to Australian hard currency from the convenience of an ATM.
Deals mean drops for some, lower price rise for most in NSW
New South Wales residents may expect to see a drop in their energy bills, with three major companies locking-in reductions over the next five years.
Optus bags NBN tender, will handle satellites for five years
Telecommunications provider Optus has secured a multi-year deal to handle satellite access to the National Broadband Network.
Shell may sell servos, or ditch Australian digs
Shell may be looking to sell its 900 Australian petrol stations, after it reported a 39 per cent drop in annual profits.
Billion lost as millions left by the educational wayside
While many complain about the specifics of high school curricula and broad educational ideas, it is worth remembering that for a huge portion of the planet the most basic schooling is out of reach.
Funding deal to give money for marks
Queensland schools will have to prove they are improving to secure federal funds.
No money for old burners as ban lights up
South Australian businesses operating commercial solariums will be the only ones not compensated by the state government when the ban on sun beds takes place.
Old favourite picked most likely for Future Fund spot
Reports today suggest former treasurer Peter Costello is likely to take over as chair of the Future Fund, with insiders saying it has been at the request of the outgoing David Gonski.
All interest and no action as farm fight looms
The National Farmers’ Federation says it wants consumers to pay the right price, but does not want government to decide what that might be.