Archived News for Finance Sector Professionals - December, 2012
The Treasurer and Interim CEO of the Association of Financial Advisers, Brad Fox, has been named as the association’s new CEO following the departure of Richard Kiplin.
Regulation strangling productivity finds report
Excessive and overly complex regulation is crippling productivity at a national and industry level, according to a survey report prepared by the Australian Financial Services Council-DST Global Solutions.
Climate change asset report released
The Asset Owners Disclosure Project (AODP) has released the first ever global change investment index, showing how the world’s biggest investors are managing climate risk.
Veda warns against 'debt regret'
Consumer and commercial data intelligence specialists Veda has warned issued a public warning against an over-reliance on credit in this upcoming Christmas season.
Australians to spend big this Christmas
Australians are set to spend in excess of $16 billion this festive season, on everything from vacations to the traditional Boxing Day sales.
Commbank announces sweeping tech changes
The Commonwealth Bank has announced a suite of upgrades to its online technology services, with the bank launching its flagship Kaching service on Facebook and a complete redesign of the service for the Android platform.
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage point to 5.2 per cent in November, as announced by the Australian Bureau of Statistics (ABS).
Australia joins G20 'troika'
Australia has taken its place at the G20 ‘troika’, joining Mexico and Russia on the group of past, present and future chairs that manages the G20.
National Accounts shows growth to trend
Treasury has released the country’s National Accounts for the September Quarter, showing the despite the impacts of the jittery global economy, economic growth is predicted at 3.1 per cent.
Panel releases final GST review
The Federal Government has welcomed the final report of the independent GST Distribution Review.
RBA cuts rate
The Reserve Bank of Australia (RBA) has cut the country's official cash rate to its lowest point since the depths of the global financial crisis in 2008. Governor Glenn Stevens announced the 25 per cent cut last Tuesday, bringing the rate to 3.0 per cent.
Government calls for SBRs for financial reports
The Federal Government has released a discussion paper covering the possible options for the use of Standard Business Reporting for the lodgment of financial reports with the Australian Securities and Investments Commission.