Archived News for Finance Sector Professionals - March, 2013
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.
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 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.
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.
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.
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.
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.
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).
The Australian Council of Superannuation Investors (ASCI) has completed its annual audit into board diversity of ASX 200 companies, concluding that progress has been painfully slow in achieving a modicum of gender diversity.
The Federal Government has introduced legislation before Parliament that will expand the duties of superannuation trustees to consolidate accounts with an aim to reunite people with their misplaced super.
In a bid to ensure genuine services of financial advice, the Federal Government has introduced legislation before Parliament that will enshrine the terms ‘financial adviser’ and ‘financial planner’.
The Federal Government has released draft model rules for registered organisations in a bid to help them comply with financial transparency and accountability standards introduced last year.
Home buyers are continuing to reap the benefits of a continued rally in housing affordability, driven by earnings growth, interest rate cuts and weak price developments, according to the Housing Industry Association (HIA).
Economy-wide spending has posted its six consecutive month of growth, rising by a total of 0.4 per cent this February according to the Common Wealth Bank’s Business Sales Indicator (BSI).
The Australian Securities and Investments Commission has released a report into the impact of dark liquidity and high-frequency trading (HFT) on Australian financial markets, concluding that concerns tend to be overstated and disproportionate to the risk posed by the practices.
New data released by the Australian Bureau of Statistics (ABS) paints an austere picture of the housing finance market, showing that improved consumer confidence isn’t necessarily translating into a resurgent housing market.
The National Australia Bank has announced a substantial technology and strategy update, outlining key changes to its organisational structure, operating model and executive suite.