Archived News for Finance Sector Professionals - November, 2013
At the end of a tumultuous week for Australia’s education system it is clear that the ‘Gonski’ funding model is gone, but unclear as to what will replace it.
A key government authority has said for the first time that the resources boom is winding down, at the same time as a new study says most Australians did not benefit from it.
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”.
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.
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.
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.
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.
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.
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.
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.
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.