Archived News for Finance Sector Professionals
The New South Wales government has announced the appointment of Nicholas Johnson as the new head of the Pillar Administration, the State Government owned corporation responsible for providing superannuation administrative services to members of the NSW public sector.
Dyer steps down from Mirvac
Mirvac’s newly appointed Finance Diretor, Greg Dyer, will step down from the position after only eight months in the position.
Government outlines super reform
The Federal Government has confirmed it will cap tax exemption status for super contributions to the first $100,000 of personal income.
Dwelling approvals reverse fortunes
ABS Building Approvals show that the number of dwellings approved rose 3.1 per cent in February 2013, in seasonally adjusted terms, after falling for two months.
Government convenes super roundtable
The Federal Government has convened the sixth Super Roundtable as part of its ongoing reform to the superannuation sector.
Government outlines tax transparency reform
Large corporate entities would be required to disclose their total payable tax, under proposals floated by the Federal Government.
Retail continues strong rally
Retail turnover has grown by 1.3 per cent in February, according to the latest figures released by the Australian Bureau of Statistics (ABS).
Trade deficit narrows
Australia’s seasonally-adjusted trade deficit has narrowed to $178 million in February, according to the latest data released by the Australian Bureau of Statistics (ABS).
Cash rate left unchanged
The Reserve Bank of Australia (RBA) has announced it has left the country’s official cash rate at 3.0 per cent, following the Board’s meeting earlier this week.
Climate change a growing risk for investors
A new report shows that climate change is posing greater risk for investors than previously thought.
Could 2013 the year of the SME?
The nation’s small to medium enterprises have weathered a tough 2012, but remain confident that the nation’s economy is on the right track and will be in an improved position a year from now.
Government announces RBA appointments
Glen Stevens will continue to serve as Governor of the Reserve Bank for another three years after the Federal Government confirmed a range of senior finance appointments.
Thursby to step down amid senior reshuffle
ANZ has announced that Alex Thursby, CEO International and Institutional Banking, will step down from the role following his decision to take up the role Chief Executive of an unspecified bank in the Middle East.
Government announces $200 million venture funding initiative
Early stage, high growth Australian companies are set to receive a $200 million shot in the arm after the Federal Government announced three new venture capital funds will share in Government funding.
Government releases draft corporate PAYG changes
The Federal Government has released exposure draft legislation and explanatory materials for public consultation on changes to the Pay As You Go (PAYG) system.
Inflation inches up in March
Inflation has increased by 0.2 per cent in March, marking only a 2.1 per cent increase to the Inflation Gauge, according to the TD Securities – Melbourne Institute Monthly Inflation Gauge.
Growth haphazard and unplanned finds Telstra
A meagre 5 per cent of the country’s organisations have reported what they call smart, sustainable growth needed to see them succeed beyond the Mining Boom a Telstra survey has found.
It's a taxing time for the public finds report
The general public’s views and opinions towards tax and public spending are hardening, with people increasingly seeing themselves as paying too much tax in a system that is becoming progressively less fair, according to a survey conducted by progressive think tank Per Capita.
Labour growth offsets income inequality finds Commission
Australians are working more hours for higher hourly wages, driving a two decade long substantial growth in personal and household income, according to a new report released by the Productivity Commission.
Share options hamstringing innovation finds survey
Providing share options to employees is a burdensome and complicated task that requires a deft hand to deliver, according to a new survey conducted by international consultancy firm Deloitte.
ACCC green lights CBA's Aussie buy
The Australian Competition and Consumer Commission (ACCC) has announced it will not oppose the Commonwealth Bank’s proposed acquisition of a majority stake in Aussie Home Loans (AHL).