Archived News for Finance Sector Professionals
One of Australia’s main finance regulators has given companies a gentle nudge on climate change risk.
Fossil subsidies top $10b/year
A new report shows Australian governments spend $19,000 a minute in fossil fuel subsidies.
NSW pays out mine plans
The NSW government is paying $100 million to stop coal mining on prime agricultural land.
Greensill heads for liquidation
Greensill Capital’s creditors have voted to liquidate the company, including debts of $4.9 billion.
JobKeeper jolt holds off
Insolvency specialists say company collapses in the wake of JobKeeper are still coming.
Feds veto Victorian deals
The Federal Government has torn up Victoria’s Belt and Road agreements with China.
Airline agrees to cartel pay scheme
More progress has been made in legal action against a global price fixing cartel in the air cargo industry.
Tax imbalance highlighted
Experts say Australia’s tax policies are leading to inequality between rich and poor, and between men and women.
Google misled users over data
Google has been slammed for misleading consumers about personal location data collection.
MS buys speech tech firm
Microsoft is buying a major speech recognition firm as part of a $20 billion deal.
Shell sees no PRRT
Shell says it does not expect to pay Australia resource tax on gas drawn from its Gorgon offshore project.
Church rents questioned
The Greek Orthodox Church has charged exorbitant rent from its aged care homes, making millions while residents suffer.
Feds fighting crypto-crime
Government agencies say they need to work quickly to become experts in cryptocurrencies and crime.
Super changes upset funds
Resistance is growing against the Federal Government’s planned superannuation changes.
Report sought AusPost sales
Former Australia Post CEO Christine Holgate has revealed what may have been the real reason she was “humiliated” out of her job.
Bank backs gold deal
Regis Resources wants to purchase a 30 per cent stake in the Tropicana gold mine in Western Australia.
Food apps face Senate
An enquiry has heard Sydney Uber Eats drivers earn less than minimum casual wage during peak times.
Wage boost benefits big firms
Reports have revealed how much one of Australia’s richest people made from the Jobkeeper scheme.
Alibaba fined $3.7b
The Chinese government has fined Alibaba AU$3.7 billion for anti-competitive tactics.
Gas heads join climate board
The Federal Government is bringing in big business lobbyists and gas industry figures to overhaul its Climate Change Authority (CCA).
Power debt grows
About 150,000 Australians are currently in debt to their gas and electricity provider.