Archived News for Finance Sector Professionals - October, 2013
National Australia Bank chief Cameron Clyne has backed warnings from the RBA to all Australian lenders, saying they should maintain tight control over lending practices even when the interest rate is low.
Merchants turned to criminals after AFP alchemy
Gold merchants have been the subject of a combined ATO and AFP shake-down, suspected of withholding millions of dollars worth of GST.
More hungry companies look to take the cheese
A new figure has entered to the bidding dance for the takeover of Warrnambool Cheese and Butter, a much-loved brand for many Victorians.
Murdoch tells elite crowd; 'We're all the same now'
Media boss Rupert Murdoch addressed some of Australia’s most prominent figures last night, praising the nation for overcoming the “primeval prejudices” and “stuffy, narrow-minded elitism” of its colonial past.
Education protests won't stop Hockey, Pyne or Audit Committee
Federal Treasurer Joe Hockey has been engaged in a light scuffle on his way into Victoria’s Parliament House.
Welfare-postal merger slammed for security, viability, care concerns
There has been widespread criticism of a proposal to move Centrelink’s front desk duties to Australia Post outlets, after the Treasurer confirmed it was an option.
Ethiopia cracks incredible thermal worth
A deal has been signed that should see the construction of a 1000 megawatt geothermal electric plant in Ethiopia worth an incredible $4 billion.
Pay back lands after three-hour tedium
United Airlines has been ordered to pay more than US$1 million in fines after leaving passengers on the tarmac for over four hours.
Boom forecast in 2016 as companies get cloudy
Industry analysts say 2016 will be a defining year, wherein a majority of IT spending will be made on cloud-related purchases.
Electric big-wig says Australia should pay a carbon price
The vice-chairman of General Electric says Australia needs a price on carbon, but has not come up with the right plan yet.
Global demands for better broadband plans
The people in charge of a new plan to deliver the next generation of Australia’s internet infrastructure have got some of the advice they need at a summit in Stockholm.
Shortages catch up to deadlier weekends
A recent university report has been used to highlight the dangers of understaffed emergency rooms and facilities, with figures showing a 15 per cent higher hospital death rate on weekends.
Dollar fears drive Hockey's boosting, raising
Treasurer Joe Hockey was responding to fears over lost potential resource profits in his recent move to raise the debt ceiling and boost the RBA, reports say.
Gonski trickles down to needy New South Wales
Schools in New South Wales have seen the start of benefits from the multi-billion dollar education funding reforms installed by the previous federal government.
Remote conduct catches up with Mr Rental
The Port Augusta branch of popular home appliance lenders Mr Rental has been charged after it was found to be engaging in unconscionable conduct.
Stats show sports fans paying-out
Sport remains a major element of Australian life and, recent data shows, a significant contributor to the nation’s wallet as well.
Top-tier stoush at exemplary employer
Debts and the fear of mismanagement has led to a large-scale spill of the executive board for several tourist resorts and centres in the Northern Territory and Queensland.
Vegemite used as base to spread business praise
The Minister for Small Business has used the 90th birthday of an Australian icon to plug his party’s tax cuts and deregulation.
Minister pushes boom offshore, still solid though
Industry Minister Ian Macfarlane says the release of exploration permits for offshore petroleum reserves shows the resources sector is still strong, despite spilling from the mainland into the ocean.
Public workers worry what will remain, as needs and threats increase
Public servants have seen nothing to reduce their concerns over large-scale job cuts in the sector.
UN describes true cost of carbon, Abbott slams it
The Federal Government’s modification of Australia’s policies and general stance on climate change has been criticised by international authorities, prompting the Prime Minister to claim one expert did not know what she was talking about.