Archived News for Finance Sector Professionals - September, 2014
The Federal Government is softening the ground ahead of the Medibank Private sale.
Tax grift taking billions
New investigations have shown just how much money Australia’s biggest companies are avoiding paying in tax.
Critics slam plan to watch dodgy planners
The Financial Services Council (FSC) is pushing for an for an independent governing body for the industry, a move which has been slammed by some big names in the sector.
Details on decisions show relief is given
The Australian Securities and Investment Commission (ASIC) has reported on a raft of applications for legal relief, including some of the reason they were refused.
Home-buyers report five year run-up for many
A new study shows that twenty-five per cent of first home buyers saved for more than five years before buying their property.
Vital spend drops to unhealthy level
Federal Government health spending has dropped to a record low, according to new figures.
Big names on board for new moves into China
A Hong Kong-based logistics giant is making moves toward Australia.
Rockefellers roll forward on green tide
The heirs to one of the world’s great oil empires are getting out of the family business.
WA digs up new top dollar
New WA Department of Mines and Petroleum figures show a 20 per cent increase in the state’s total resource industry value from last year.
Calls for big tax grab as giants hide their wealth
Australia will seek to claw back billions of dollars that big mining, building and technology companies funnel out of the country to avoid tax.
APRA's banking shake-up to bring better view
APRA has put up a discussion paper and draft amendments ahead of possible disclosure reforms.
Cost-saving choices cut for better answers
Central Queensland University is preventing students from passing based on sheer accident, becoming the first to abolish multiple-choice exams.
Our debt is not deadly, say the people who know
A group of 63 Australian economists have released a joint statement rejecting the Federal Government’s repeated insistence that the country is facing a “budget emergency”.
Rules change for cleaner advice
Financial advisers’ record-keeping obligations have been updated following industry consultation.
Tax cops could hear knock from AFP
The Australian Taxation Office's internal police could themselves be investigated by Australian Federal Police anti-corruption officers.
Costs counted as sea threatens bricks and mortar
A new report could test the resolve of infrastructure-friendly but ecologically-ignorant politicians.
Oil needs drop to new low
The International Energy Agency (IEA) has called a sharp drop in global oil demand “nothing short of remarkable”.
Roving printer promises easier office
Japan is testing a robot that could end the plague of lost productivity from long walks to the office printer.
Bonus shift shows money not a man's game
The finance industry has made some positive moves to close the gender pay gap.
Cable competition fine providing lines stay open
The ACCC will not block TPG’s plans to install fibre-optic internet connections to the basements of high-rise apartment blocks.
Good points sought in move to US-style uni
An Australian professor of economics has picked apart what he sees as the main failings of the Group of Eight universities in the stance on deregulation.