Archived News for Finance Sector Professionals

An Australian government fund-management agency has announced a much-needed overhaul of its HR system, moving from paper forms and manual filing to digital technologies.

MLS selling stock for uranium drilling

The Metals Australia firm has raised half a million dollars for a project to drill for uranium in Namibia.

Boss bails from AMP while sails have wind

The chief executive of money-managers AMP has stepped down on a high note, hanging up his cuff-links as the company reports a healthy profit.

Commonwealth more wealthy than ever

Australia's biggest bank is getting comfortable on the top of the heap, reporting a record-breaking annual profit.

Court to bite after watchdog's bark

The former boss of an Australian timber company will learn his legal fate next week, when a sentence is passed down on allegations of insider trading.

Reverse-banking boon for BOQ customers

The Bank of Queensland made an unexpected announcement this week, saying it had discovered nearly ten years of mistakes in its sums, and would be refunding more than $34 million.

Variation pays off at Wesfarmers

The company behind many of Australia's most iconic shopping outlets has posted some good-looking figures.

Council moves to tighten free-spinning pokies law

The Ballarat City Council says there should be tougher restrictions on pokies machines, following recommendations from a gaming policy panel on planning laws.

Newcrest takes a $5.8 billion slide

A raft bad luck and bad choices are catching up with one of Australia’s biggest mining firms, with reports Newcrest have posted s full-year loss of$5.8 billion.

RBA takes cautious view with mines, jobs in decline

The Reserve Bank has moved on recent reports of a decline in mining profits, cutting its forecast as downturn ripples through industries.

Mansion stoush sorted in court

A sprawling monument to opulence in one of Melbourne’s most expensive suburbs has had its day in court.

QLD's legal backpedal on MP pay rise

The Queensland Parliament is making moves to undo a 42 per cent pay rise awarded to state MPs.

Rio's tax bill; nothing

Some fiscal trickiness has lead to a zero dollar tax bill for mining giants Rio Tinto, with reports other resources groups could get off scot-free as well.

Welfare payments need professional touch

A review of Centrelink’s bill-paying facility has lead to the suggestion the department should hire executives that are better-versed in financial services.

Bank appeal shut down, more damages to former exec.

The Commonwealth Bank has had an appeal dismissed in the Federal Court and must now pay even more damages to a former executive.

Mining boss fine with tax but still calls for reform

The new chief executive of mining giant BHP has said the company’s whopping $9 billion annual tax bill is fair enough.

MRRT here to stay as Forrest's claim is felled

The Mining Resources Rent Tax will stay after the High Court ruled against a challenge which claimed the tax was unconstitutional.

Miner seeks more foreign investment

With many sceptical about increasing foreign ownership of Australian agricultural lands, it may be surprising to know some in the mining industry cannot get enough overseas investment, in fact it relies on it for survival, according to one industry expert.