Archived News for Finance Sector Professionals
Australia will likely spend billions on a Defence acquisition recently described as “unaffordable”, buying dozens of planes that currently cannot stay together for more than a few hours.
Young work rates rarely lower than right now
The latest youth unemployment figures show tough times in many regions, with some areas seeing dramatic spikes in joblessness over the last few years.
Charity links checked for success
Corporate sponsorship of non-profits has been used as a shortcut to public favour, but new research shows there is a fine balance between success and cynicism in charitable business.
Senate retains tax some say undermines mining
The Senate has rejected the Federal Government's attempt to bury the mining tax, voting down legislation to abolish the MRRT by 35 votes to 32.
Victorian claims plumb well of possible corruption
UPDATE - The Victorian Government has engaged a forensic investigations firm to look into the sources of the leaked information.
AGL to fight for MacGen while watchdog warnings ring out
AGL Energy will reportedly challenge the rejection of its bid for NSW state-owned electricity firm Macquarie Generation.
Funds locked awaiting future fuel review
Media outlets claim at least $1 billion worth of resource projects are on hold in Victoria alone, awaiting the review of the Renewable Energy Target.
Nuclear on list for novel, profitable, new Australian age
A new report from analysts at Deloitte Access Economics has highlighted 25 sectors that could drive the Australian economy in the future, including nuclear power generation and waste storage.
Age-pay adjustment condemned
Paying 20-year-old workers at the same rate as 21-year-olds will “kill jobs” and rend the already struggling retail sector, an industry lobby says.
Tech firms try for transparency while Joyce dangles cows
Some of the world’s leading online companies and communities have spoken out about efforts to “fast track” the Trans-Pacific Partnership, saying governments should ease up in their push to create a corporate-friendly, freedom-restricting future.
Roy Hill's green light beams with $7.2 billion bulb
The biggest mining project in Australia is now locked in, with Gina Rinehart securing a $7.2 billion deal for work at Roy Hill.
Tax Office to chase big funds fleeing the country
The Australian Tax Office will use new tools to chase down multinational countries funnels their profits out of Australia to avoid hefty tax bills.
Toyota pays up after 'sticky pedal' deaths
Toyota will pay an incredible $1.32 billion to settle a criminal investigation into deadly safety issues
Audit launched on shaky basis
A submission from the Community and Public Sector Union has poked holes in the very basis of the Government's Commission of Audit, saying parts of the Public Service probe are simply wrong.
Miners through lobbies want more money for the north
A lobby group says abolishing income tax in the Northern Territory would help bolster a massive expansion of the region’s economy, productivity and population.
Rate rises called out for beating inflation
The Victorian State Government has issued a warning to its regional councils, telling them to rein-in rate rises that media reports say are out of control.
Repeal voted down leaves carbon price alive for now
The Senate has voted down a bill to axe the carbon tax, depriving the Prime Minister of a much-touted election promise and setting the scene for another fight in July.
Tape cut by the roll, but not all need to be so loose
Tweaks, changes, adjustments and overhauls are on the way, after the Federal Government’s first biannual 'repeal day'.
Charitable bodies call to keep their regulation
The heads of prominent Australian charities have written a letter to the Prime Minister, asking to keep their regulator.
Export fund says $110 million loan to Chile helps Australia
Australian taxpayers will lend $110 million to BHP Billiton and Rio Tinto to expand a mine in Chile.
More figures swirled in whirlpool of corruption
UPDATE: Assistant Treasurer Arthur Sinodinos has stood down amid the corruption inquiry, but maintains he will be "vindicated" and has been described by the Prime Minister as "a man of great distinction ... and high competence".