Archived News for Finance Sector Professionals - May, 2018
A leader in the executive world says Australia is not prepared for a global economic downturn.
RBA says small rises won't hurt
The RBA says there is “no evidence” that a small increase in the minimum wage would cause a loss of jobs or reduction in workers’ hours.
Regulator set to tighten inquiries
ASIC says financial firms “have jeopardised the entire regulatory structure”.
NAIF makes second investment
A fish farm has become just the second project to be offered a NAIF loan.
BIS predicts infrastructure drop
Economists say Australia’s public infrastructure investment will peak soon.
Regulator set on power claims
The energy regulator has been asked to investigate allegations of price gouging by power companies.
Telstra reflects on NBN effect
Telstra says increased competition provided by the NBN will extend its financial pain.
Big fine levelled at Linc
Gas company Linc Energy has been fined a record $4.5 million for causing serious environmental harm.
Infrastructure injections questioned
An infrastructure lobby says the “big spending” infrastructure budget will actually see a reduction of about $2 billion.
Budget brings STEM boost
This week’s federal Budget includes a range of funding for universities and research infrastructure.
ASX wants cultural lift
The ASX has proposed new principles to help Australia's biggest companies dramatically improve their culture.
NAB to offload MLC
NAB is leaving the wealth management business with the announcement that it will sell MLC.
Big bank admits data loss
Commonwealth Bank has lost the financial statements of millions of accounts.