Archived News for Finance Sector Professionals

A coding error has led Optus to announce it will pay back millions of dollars to thousands of customers it overcharged.

Macfarlane marks tape cuts to boost power

Australia’s Minister for Industry says the Government’s plan for the future of the energy industry will seek to increase productivity and reduce regulation.

Turnbull looks to de-cloak Huawei concerns

The Communications Minister has signalled he may relax the ban which has kept Chinese telecom Huawei from bringing its low-cost business style to the NBN.

Coppers proffer GE Money charges on offers

The corporate watchdog is taking the group that provides several in-store credit cards to court, claiming GE Money engaged in misleading and deceptive conduct over limit increases.

Law change gives boards a new claim

Legislation has been passed in Queensland to remove the personal liability of executives in certain situations.

Multi-agency swoop sticks arrest on dirty money

A joint effort by virtually all the Australian finance regulators and police groups has led to the arrest of two men, accused of laundering $30 million through Australia.

Tough times hit young tummies

The notion that all good days start with a good breakfast remains as true as ever, but unfortunately many schools are having to step in to kick-start their students' day.

UQ helps fight brain tumours from the boardroom

Two big names in their fields have teamed up to take a dual approach to fighting brain tumours, bringing business skills and financial backing to vital neuroscience.

Audit causes alarm, but no commitment just yet

Speculation abounds as to what will fall under the intense probing of the upcoming Commission of Audit, with still no solid word from the Government.

China jams clamp on coal safety, quality

The Chinese government has announced it will shut 2,000 coal mines by 2015 to clean up the industry’s quality and safety record.

Twiggy gives millions, bringing great minds to WA

A mining billionaire has made the biggest single philanthropic donation in Australian history – giving $65 million to higher education in Western Australia.

AliBaba hints at chance of gross gains for grocers

A senior executive has detailed the challenges faced by China’s central force in online business – AliBaba – which could lead to opportunities for Australian businesses.

Investors blow-up renewable boom, overseas

A survey has revealed a considerable boom in the issue of patents for and investments in renewable energy.

Price hikes unlikely as NT Gov. keeps promise

The Treasurer of the Northern Territory says the Government will not take on recommendations that say it should hike up utilities prices.

Big wigs give word on work law, resources

A number of prominent Australian business leaders have voiced their opinions on what the Prime Minister should do during his first term.

Hockey douses fear as debt debate heats up

The Federal Treasurer Joe Hockey has downplayed concerns over the United States' ongoing shut-down and debt ceiling debates, as Barack Obama rejects a proposal to extend borrowing authority.

Melbourne's hunt to make a millionaire

Students hoping to be the next Elon Musk, Carl Icahn or even Clive Palmer will have their shot soon at the Melbourne University, with a young entrepreneurs competition reaching its final stages.

Medibank manager spots sale on horizon

There are strong claims this week that the Federal Government will move to sell Medibank Private, possibly during its current term, in a move that could bring in billions.

Public disdain of cheap houses built by media, politicians

A survey suggests concerns about affordable public housing bringing down property values and generally ruining the neighbourhood may be unfounded.

Public worker chased-down by embezzlement beast

Recent events have shown how difficult it is to escape a dodgy history, after a public servant was sacked based on embezzlement charges from a previous job.