A report commissioned by the mining industry and published Deloitte Access Group shows that mining companies are paying slightly more tax as a percentage of their income compared to the same time three years ago.

The findings by Deloitte directly contradict claims by the Federal Government that big mining companies are paying one in seven dollars in tax, down from one in three.

"The tax take has not fallen to the low levels cited in last year's mining tax debate," the study says.

International executive search specialists E.L Consult has published its E.L Executive Demand index, finding that executives should expect to face a continuing weakening job market for the remainder of 2011.

A planned advisory board to oversee the operations of the Australian Taxation Office (ATO) has been slammed as being pointless and unnecessary by a senior ATO official.

Mining giant Rio Tinto has announced that former BHP Billiton CFO Chris Lynch will be appointed to the company's board.

The Federal Government has announced the invitation list, program and facilitators for the Tax Forum to be held in Canberra on 4 and 5 October.

Treasury has released an exposure draft legislation for the extension of the Petroleum Resource Rent Tax (PRRT) for public comment.

The Federal Government has launched an online mapping service to assist people in financial difficulty find their nearest financial counsellor.

Difficulties navigating the quagmire of educational bureaucratic red tape has been cited as the main contributing factor to KAPLAN, the education arm of the Washington Post, deciding to pull out from its plans to establish a university specialising in financial services education in Adelaide.

RBA Chairman Glenn Stevens has told a Federal Government committee hearing that household spending continues to remain low in the wake of dropping consumer confidence and global economic uncertainty.

Self-managed superannuation funds (SMSAs) have grown a further $3 billion in the last financial year, making further inroads into the $1.4 trillion industry.

The Australian Workers’ Union (AWU) and the Australian Manufacturing Workers’ Union (AMWU) have joined the call for the Reserve Bank to cut interests rates as part of a package to rescue the ailing Australian manufacturing industry.

The Bank of Queensland has announced that Stuart Grimshaw will take the role of chief executive officer of the company after David Liddy departs the role.

The spate of natural disasters in Queensland earlier this year has shredded 42 per cent off Suncorp’s net profit, reducing the company’s net profit to $483 million after the company processed over 100,000 claims relating to floods, Cyclone Yasi and earthquakes. The massive hike in insurance claims was about $600 million more than the company had provided for.

The Federal Government has introduced a new Parliamentary Budget Office (PBO) legislation before Parliament.  If passed, the legislation will see the formation of the new office that will have regulatory powers that will seek to introduce increasing levels of transparency and dissemination of information regarding budget policy proposals.

Official interest rates are likely to hold steady until Christmas, according to National Australia Bank chief Cameron Clyne.

Despite a number of high profile executives leaving the company in the recent months, Fairfax chief Greg Hywood has voiced his confidence in his company’s robustness.

The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, has released a consultation paper on proposed modifications to the superannuation contributions caps.

NECDL – the company charged with developing a national electronic system for property exchange – has signed a master agreement with Accenture to design and build a national e-conveyancing platform for Australia.

From 1 October 2011, new rules will require banks to collect information, record and report on the identity of anyone performing a cash transaction of $10,000 or more to the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Legislation that will offer tax breaks to foreign investment in Australia is set to grow the $1.8 trillion industry, according to Assistant Treasurer and Financial Services Minister, Bill Shorten.

KPMG has announced Duncan McLennan as the firm’s new National Audit Managing Partner, and Rob Bazzani to the role of Victorian Chairman, effective immediately.

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