Archived News for Finance Sector Professionals
Federal public servants will have their wages frozen for at least six months, while politicians are resisting a pay cut.
'Pandemic leave' outlined
Many Australian employees are now entitled to two weeks’ “pandemic leave” for self-isolation.
ATO buys home setups
The ATO has bought thousands of new laptops and monitors for staff to work from home.
ERF auctions net 1.71 tonnes
The Federal Government has detailed its latest emissions-reduction purchases.
Networks offer new options
Energy networks around the country have announced a suite of measures to provide support to customers enduring hardship.
AOFM to sell $5b per week
The Federal Government's debt manager will auction $5 billion of government bonds a week.
Childcare help outlined
The Federal Government says it will guarantee a set income to all childcare centres over the next six months.
Economists estimate losses
Commonwealth Bank economists predict 580,000 jobs will be lost as a result of the COVID-19 pandemic.
Private price rise delayed
A planned private health insurance premium increase has been put back for at least six months.
Experts call for survival strategy
An expert group is calling for the planet to come together and develop a strategy for human survival.
Big wage subsidy coming
The Federal Government’s new $130 billion JobKeeper wage subsidy plan has been fairly well received.
ASIC allows tele-AGMs
The finance regulator has questioned the legal status of AGMs conducted via teleconferencing.
FIRB preps for big sweep
The Foreign Investment Review Board (FIRB) is preparing for Chinese companies to buy up distressed Australian assets.
Robodebt repayments tallied
The Federal Government will be forced to pay back around $550 million after its botched ‘robodebt’ scheme.
RBA buying big
The Reserve Bank of Australia (RBA) is buying billions in sovereign government bonds.
TAL cutting COVID coverage
One of Australia's biggest life insurers is trying to avoid payouts to customers who die from COVID-19, including frontline doctors.
Cashless card scheme paused
New welfare recipients will not be forced onto controversial cashless debit cards.
WMO wants green goals retained
Experts say the global COVID-19 shutdown should not be an excuse to stop climate action.
Airlines in bailout stoush
Virgin Australia wants the ACCC to investigate claims by Qantas about potential bailouts.
Virus measures sail through
The Federal Government has passed $83.6 billion worth of stimulus measures ...