Archived News for Finance Sector Professionals

While many Australian councils are quite strapped for cash, a push for transparency in China has revealed trillions in local government debt.

Minister says trusting charities is cheaper

The Federal Government is toying with the idea of removing regulation for charities and not-for-profits, hoping to hold them accountable through guilt instead of law.

Tax Office wants elite team for industry advice

The Australian Taxation Office will look to cherry-pick new executives from top companies, hoping to bring in the best of the best for handy tax advice.

Minister sees short clock on wages timebomb

A Federal Minister has warned bad things will happen if wage negotiations are not controlled, calling on unions and employers to take it easy.

Excellent numbers rain on fertile academic grounds

Almost $74 million will be spent on three new national Centres of Excellence led by Monash University.

Revoke provokes scorn, calls for reimbursal

To mining companies are looking for half a billion dollars in compensation, after the New South Wales government tore up their licences.

Tough times mean new searches for researchers

James Cook University (JCU) researchers say it is tough to expand their knowledge in a country where every dollar spent on research is sacred.

Failed raid triggers ATO power check

A botched raid based on a hunch has prompted the Australian Tax Office to rethink its policies.

Government puts up $200 to keep marriage happening

Australian newlyweds will receive a $200 voucher for marriage counselling in a Federal Government effort to keep couples together for life.

Insiders say TPP new age on the way

Several nations have agreed that the Trans-Pacific Partnership Agreement “is going to be completed and it is going to set the economic architecture for the region,” according to acting deputy US Trade Representative, Wendy Cutler.

Square one success leaves China chasing more trade

China will soon have over a dozen free trade zones, following the success and popularity of one in Shaghai.

Commission given extension to find more tape

The Federal Government has extended the deadline for recommendations from the Commission of Audit, after the massive task meant the board came up short this month.

Work report says miners still reacting to contraction

Mining companies in Western Australia will look to hire on short contracts for a while, with employment experts claiming a lull in resources recruitment continues.

Germany could trim green targets in nuclear fallout

Germany is dealing with the effects of its exit from the nuclear power game, with the country’s new energy minister looking to cut renewable subsidies to save money.

Fire levy payback after smoke trail leads to dodgy practice

The underwriter for a major Australian insurer will pay back almost $11 million to customers, after it was found collecting a levy that had been ended.

HELP heap tops $30 billion

Australian tertiary students and graduates collectively owe $30 billion in unpaid loans.

iiNet ducks NBN's poor history

A major Australian internet provider has opted out of the National Broadband Network's new wholesale agreement, slamming its service delivery record.

Ruling means better rates and tests for disabled workers

Compensation will be offered to thousands of intellectually disabled workers, after a court ruled the system used to define their rate of pay was discriminatory.

Buy and cell; bacteria barter in microbial marketplace

Buying low, selling high, hustling, hoarding and grifting - all attributes normally applied to human economic markets, but new research shows microbes and bacteria are known to hit the trading floor for a good deal too.