Archived News for Finance Sector Professionals - May, 2020
The Federal Court has fined the makers of Voltaren Osteo Gel $4.5 million for breaches of Australian Consumer Law.
Health raise proposed
Economists want those on the medical front line to be rewarded with increased wages.
Lobby links uncovered
Australian researchers have found extensive financial relationships between the leaders of US medical associations and industry.
News fees discussed
Regulators want to even up an imbalance between news organisations and tech giants.
Super scheme targeted
Fraudsters are targeting new measures that allow people early access to their superannuation.
Unlawful debts date back
The Attorney General has conceded that all Centrelink debts raised using income averaging are unlawful ...
ANU expects $225m hit
The Australian National University (ANU) expects a $225 million financial shortfall this year.
RBA suggests extension
Reserve Bank governor Phil Lowe says the JobKeeper program may need to be extended.
ANAO reports losses
The Australian National Audit Office (ANAO) is losing money, and may have to do fewer audits.
Melbourne counts COVID hit
Melbourne has revealed a $100 million hit to its bottom line as a result of COVID-19.
Rail dream denied
A new report says Australia should abandon its dream of having a high-speed, east coast rail service.
Maths fail questions muted
The Prime Minister has taken responsibility for a $60 billion JobKeeper miscalculation.
UK questions Huawei 5G involvement
Reports say Australian security officials are glad to see the UK question Chinese telco Huawei.
COVID commission backs gas
Australia’s recovery from COVID-19 will be led by gas, according to the Federal Government.
Deloitte works on new myGov
Deloitte has secured a $9.5 million deal to work on a replacement for myGov.
Roadmap leads to gas, mostly
The Energy Minister has released a discussion paper on technologies to drive economic recovery in Australia.
Telcos fighting ATO scam
The Federal Government claims to have “comprehensively disrupted” scammers pretending to be from the ATO.
Go8 plans foreign return
Australia’s elite universities have proposed “secure corridor” rules for the return of international students.
McKenzie blames PS
Former sport minister Bridget McKenzie says public servants should have told her she was acting without legal authority.