Archived News for Finance Sector Professionals - May, 2018
FWC orders wage rise
The Fair Work Commission has increased the national minimum wage by 3.5 per cent to $719.20 a week.
Cash to fight Court's call
The Federal Court has ordered Jobs Minister Michaelia Cash to give evidence in a legal case ...
Report calls for APS openness
Federal agencies may be forced to report the pay of senior bosses and disclose spending on contractors ...
SA ICAC wants more backing
South Australia's Independent Commissioner Against Corruption Bruce Lander is pushing for more funding.
PC calls for super change
Australia's superannuation system has been described as “an unlucky lottery”.
BHP makes deal with QLD
BHP has reached an “in principle” agreement with Queensland over a $288 million coal royalty dispute.
Analysts say about US$1.2 billion in cryptocurrency has been stolen since the beginning of 2017.
NAB responds to national fail
NAB says it will compensate customers for a nationwide network breakdown.
Note-printers not happy
The people in charge of printing banknotes have gone on strike because they do not get enough of them.
Optus fined for NBN claims
Optus has been fined $1.5 million for misleading customers about their transition to the National Broadband Network (NBN).
Scammers took $4.7m in 2017
The competition watchdog says scammers swindled nearly $4.7 million from Australian businesses in 2017.
Auditors told to open up
The internal auditing profession has been urged to lift its game and weed out unethical or unlawful practices.
Bank language under legal lens
Court proceedings against Westpac have focused on the meaning of the term “f*ck it”.
Westfield accepts takeover
Westfield shareholders have backed the takeover of the shopping centre empire by Unibail-Rodamco.
Corruption plan rejected
The Federal Government has knocked back Labor's proposal for a federal corruption watchdog.
World Bank reports carbon return
The World Bank says global carbon markets are back from the brink of collapse.
Bitcoin power cost counted
New research suggests the digital mining of virtual coins has a very tangible cost.
Senate reports on climate threat
A Senate inquiry has dubbed climate change a “current and existential national security risk” to Australia.
ASIC undertakings probed
Critics say enforceable undertakings from the financial regulator allow big banks to do the crime, but negotiate the time.