Archived News for Finance Sector Professionals - October, 2012
The Australian Securities and Investments Commission (ASIC) has announced it has formed an internal taskforce to examine the failure of Victorian debenture issuer Banksia Securities Limited with a view to review the broader regulation surrounding the Australian unlisted debenture sector.
The Federal Opposition has pledged to conduct a review of Australia’s financial services sector should it win government next election, which it says will translate into more competitive and transparent banking for Australians.
The Federal Government has hailed the passage of legislation through Parliament that locks in equal pay increases for 150,000 social and community services (SACS) workers.
Australia Post has launched its Digital MailBox service, allowing customers to receive and pay bills, communicate with their providers and store important documents such as passports and birth certificates.
The world’s retail leaders are optimistic about the coming year, with confidence buoyed by positive growth prospects in the Chinese and Indian markets, according to a survey conducted by Monash University.
Economy wide spending has recorded its largest monthly increase in four and a half years according to the latest Business Sales Indicator (BSI) report released by the Commonwealth Bank.
The Consumer Price Index (CPI) has recorded a 1.4 per cent jump in the September quarter, compared to just 0.5 per cent in the previous quarter, according to the latest data released by the Australian Bureau of Statistics (ABS).
Australians who complete postgraduate degrees can expect to earn double, or $3.2 million, over their working lives compared to people with a Year 11 level qualification, who can expect to earn $1.7 million, according to the latest AMP .NATSEM report.
A new partnership announced between Bankwest and Curtin University will see the formation of a major new economic research centre focused on securing the economic future of the state.
A lack of willingness to integrate Australia into the broader Asian economy is severely hampering the country’s ability to take full advantage of the Asian Century, according to a new survey released by CPA Australia.
Australia and Asia Pacific financial services industry organisations are dedicating more time and funding to information security governance, according to Deloitte’s 8th global financial services industry security survey.
National Australia Bank (NAB) and the Export Finance and Insurance Corporation (EFIC) have signed a Master Working capital Agreement that will assist Australian exports gain ready access to additional working capital to finance export contracts.
CommSec has released its highly anticipated quarterly State of the States report, with Western Australia declared the shining star of the Australian economy, coming either 1st or 2nd out of seven of the eight key indicators.