Archived News for Finance Sector Professionals - October, 2012
Australians are increasingly more inclined to dig deep for charity, despite softening of the economy, according to the NAB’s inaugural Charitable Giving Index.
Banksia taskforce forms
The Australian Securities and Investments Commission (ASIC) has announced it has formed an internal taskforce to examine the failure of Victorian debenture issuer Banksia Securities Limited with a view to review the broader regulation surrounding the Australian unlisted debenture sector.
Opposition announces banking competition review
The Federal Opposition has pledged to conduct a review of Australia’s financial services sector should it win government next election, which it says will translate into more competitive and transparent banking for Australians.
SACS pay rise passes Parliament
The Federal Government has hailed the passage of legislation through Parliament that locks in equal pay increases for 150,000 social and community services (SACS) workers.
Australia Post launches Digital Mailbox
Australia Post has launched its Digital MailBox service, allowing customers to receive and pay bills, communicate with their providers and store important documents such as passports and birth certificates.
Retailers optimistic finds Monash
The world’s retail leaders are optimistic about the coming year, with confidence buoyed by positive growth prospects in the Chinese and Indian markets, according to a survey conducted by Monash University.
Svenska Handelsbanken opens in Australia
Swedish bank Svenska Handelsbanken has opened its first representative office in Sydney – marking the first Nordic bank to establish a presence in Australia.
Spending booming finds Commbank
Economy wide spending has recorded its largest monthly increase in four and a half years according to the latest Business Sales Indicator (BSI) report released by the Commonwealth Bank.
Banksia Securities falls into receivership
Victorian based financial services company Banksia Securities has announced it has appointed McGrathNicol as receivers.
ANZ cautious despite record profit
The ANZ bank has posted a $5.7 billion profit for the 2011-12 financial year, recording a 6 per cent increase over the prior year.
Government to establish Superannuation Consumer Centre
The Federal Government has announced it will provide $10 million over three years fro the formation of a new Superannuation Consumer Centre.
Agricultural exports set to boom in coming decades
Agricultural exports are set to double by 2050 if the industry seizes on key opportunities, according to a new report released by ANZ.
CPI jumps 1.4 per cent
The Consumer Price Index (CPI) has recorded a 1.4 per cent jump in the September quarter, compared to just 0.5 per cent in the previous quarter, according to the latest data released by the Australian Bureau of Statistics (ABS).
Further study brings further rewards
Australians who complete postgraduate degrees can expect to earn double, or $3.2 million, over their working lives compared to people with a Year 11 level qualification, who can expect to earn $1.7 million, according to the latest AMP .NATSEM report.
Partnership to form new economic research centre
A new partnership announced between Bankwest and Curtin University will see the formation of a major new economic research centre focused on securing the economic future of the state.
CFO's wary in 'shape-shifter' economy
The country’s Chief Financial Officers (CFOs) continue to remain risk averse, according to the latest survey conducted by professional services firm Deloitte.
Integration issues dragging Australia down
A lack of willingness to integrate Australia into the broader Asian economy is severely hampering the country’s ability to take full advantage of the Asian Century, according to a new survey released by CPA Australia.
IT security remains top concern
Australia and Asia Pacific financial services industry organisations are dedicating more time and funding to information security governance, according to Deloitte’s 8th global financial services industry security survey.
NAB signs working capital agreement
National Australia Bank (NAB) and the Export Finance and Insurance Corporation (EFIC) have signed a Master Working capital Agreement that will assist Australian exports gain ready access to additional working capital to finance export contracts.
WA keeps the lead in State of the States report
CommSec has released its highly anticipated quarterly State of the States report, with Western Australia declared the shining star of the Australian economy, coming either 1st or 2nd out of seven of the eight key indicators.
Debit cards on the rise
Australians are increasingly turning to debit cards for their daily transactions, with the number of cards increasing by 5.7 per cent over the last year.