Archived News for Finance Sector Professionals - April, 2020
ANZ has put $1 billion aside for coronavirus-related loan losses amid a 51 per cent slump in profits.
Feds make redress threat
The Federal Government says some survivors of child sexual abuse have died waiting for redress scheme payments.
NAB, CBA offer repay reduction
Two major banks have announced changes to their repayment requirements.
Angus accused on three fronts
Energy Minister Angus Taylor is being criticised for obfuscation and opacity on a number of important matters.
Funds flow to regional flights
Regional Express has secured funding to double flights to regional and remote areas.
ACCC allows mining links
The competition watchdog has allowed mining companies to work together in ways that they previously could not.
ACCC expands energy links
Regulators have expanded the potential for cooperation in the energy sector.
MP calls for power plan probe
The auditor general has been asked to investigate a Morrison government scheme to underwrite gas, hydro and coal power.
Science denial on risk list
A new report finds science denial is one of the greatest risks to humanity.
Domestic reserves to wait overseas
The Federal Government has come up with a plan to boost domestic fuel reserves by buying and storing fuel overseas.
Victoria models big hit
Victoria says the COVID-19 pandemic is pushing it towards a “catastrophic” economic downturn.
Panic-buying habits studied
Psychologists have launched a national research project investigating panic-buying behaviours.
Funding threat over Redress Scheme
The Victorian Government has threatened to deny funding to organisations that do not join the National Redress Scheme ...
Fossil fuels see 5% drop
New data suggests global carbon emissions from the fossil fuel industry could fall by a record 2.5 billion tonnes this year.
New code coming for media deals
The Federal Government wants a mandatory code of conduct for deals between tech giants and news media companies.
Paris goals could pay off
A new study suggests meeting the Paris Agreement goals would benefit the world's economy in the long-term.
PM rules out pay cut
Prime Minister Scott Morrison says he will not cut pay for federal government ministers and public service chiefs.
Relief for regional news
Tax relief and government grants have been set up for struggling media outlets.