Archived News for Finance Sector Professionals
A member of the New South Wales Legislative Council says a loophole exists allowing unlimited amounts of money to be donated to candidates in local government elections, asking the Government to close “the backdoor”.
Online tax call falls to states
The verdict is down to state governments to decide whether more GST should be collected from online purchases, and minds should be made up by March.
CEFC points to high cost of collapse, no returns
The Clean Energy Finance Corporation (CEFC) has defended its own existence, as the Federal Government continues its plan to shut-down the renewable-energy investor.
Unions look for careful planning in visa reform
The Australian Council of Trade Unions has proposed a re-assessment of certain visa rules, in an effort to help the very youngest members of the workforce.
Double-barrel build to link Abbot with Galilee
With partial approval recently given to Queensland’s Abbot Point coal port terminal expansions, GVK Hancock and Aurizon have announced a plan to start building the rail infrastructure that will move millions of tonnes from the Galilee Basin to coastal ports.
Console launch moves a million
Microsoft has launched its latest video-gaming console, the X-Box One, and managed to sell over one million units in the first 24 hours.
Paid parental change hands the bag to Centrelink
Legislation has been put before the House of Representatives which is intended to make it easier for business to work within the paid parental leave scheme.
Eels deal re-think for Uni disunion
The University of New England may reconsider its sponsorship deal with the Parramatta Eels NRL team, after the club sign a deal with another sponsor that the University does not abide.
Greater powers granted to fill holes in NSW
The New South Wales Government now has the ability to revoke certain mining licences, after plumping up its powers to cancel corrupt approvals.
RBA mulls stepping in, taking talk war to next level
The Reserve Bank’s verbal assault on the Australian dollar continues, with RBA governor Glenn Stevens last night indicating the bank might be forced to intercede to drive the dollar down.
WA Opposition says school cuts are clear
The Western Australian Opposition says recent Government figures are evidence that it plans to cut over $100 million from the state’s education budget this year.
Miners say they pay the bills, even without MRRT boosts
As the Minerals Resource Rent Tax (MRRT) is collapsed by the Government’s repeal bill, the Minerals Council of Australia (MCA) has launched a report claiming it contributes billions to local communities regardless of the tax.
Packing up taxes empties desks back at the Office
The Australian Tax Office says it will have to shed up to 900 jobs due to the federal Government’s moves to repeal carbon and mining taxes.
Watchdog wants new tag, bigger teeth
Tasmania's Integrity Commission wants to take on certain police powers to enhance its corruption investigations.
Better science hopes to save billions
Even under the most modest global warming scenarios, extreme El Niño years will occur twice as often – a new report from the University of New South Wales says.
Billions banked on bus-rail build
The Queensland Government has unveiled plans to build a $5 billion dual bus and train tunnel across 5.4 kilometres of Brisbane’s CBD.
Jobs lost as mine slowing flows to supplier's pockets
Hundreds have lost their jobs as prominent mining equipment manufacturer Caterpillar continues to feel the strain of a not-quite-booming resources sector.
Economist asks for true value of tubes
Sometimes controversial economist Professor John Quiggin says a number should be put on the value of the internet.
Streets packed to keep the tax
Tens of thousands of Australians took to the streets over the weekend, speaking out about the need to fight climate change with realistic methods.
APRA moves to put up more super stats
The finance industry regulator is considering publishing more statistics and superannuation data, to enhance transparency in super funds.
Old guard startled by internet influx
Media billionaire Kerry Stokes says it is unfair that companies like Google are a source of competition in Australia, while not having to pay taxes to take part.