Archived News for Finance Sector Professionals
Pallas makes credit call
Victoria’s treasurer has called on the Federal Government to help drive down credit card interest rates.
Post chair denies Holgate claims
Australia Post's chair has rejected the former CEO’s claim that she was “unlawfully” stood down.
Audit reveals robodebt tail
Services Australia has been criticised for continuing to raise money through ‘robodebts’ after the scheme had been ruled unlawful.
Bitcoin power cost plotted
Bitcoin mining in China will soon use as much energy as a major European nation.
MPs intervene on grant calls
Federal government figures have been found to have intervened in the selection of over a third of the projects in the $200m Building Better Regions Fund (BBRF).
Pest costs climbing
Experts say that the world’s invasive species have cost US$1.28 trillion over the past half century.
APRA issues cyber warning
APRA says it is “only a matter of time” before a major Australian bank goes down in a cyber attack.
Pay scams cost $14m
Australian businesses lost over $14 million in ‘payment redirection scams’ last year.
Report slams Hunter coal drive
An economist has described plans for new coal mines in NSW’s Hunter Valley as “absurd”.
Mint marks Indigenous service
The Royal Australian Mint has launched a new coin commemorating Indigenous men and women who have served in the military.
Report reveals deep pork barrel
A NSW community grants program has been labelled “a brazen pork-barrel scheme”.
Trustee slammed over fees
The Queensland Public Trustee has been criticised for its high fees and charges, but denies profiting from clients.
Ad-hoc energy scheme flawed
The Department of Industry's $10 million reliable energy infrastructure grants program has been found to be flawed.
NAIF aimed at new areas
The Federal Government wants to modify a major investment scheme, and could use it to underwrite new fossil fuel projects.
Rooftop export fee suggested
Regulators have proposed charging Australians with rooftop solar panels for exporting electricity to the grid.
Scrapped support to hurt poorest
Australia’s Treasury estimates up to 150,000 jobs may be lost this week as government wage support ends.
Business schools changing focus
Business schools are responding to the increasing lack of Chinese markets.
JobKeeper grift going unchecked
The Morrison Government has decided not to pursue companies that kept JobKeeper payments despite massive profits.