Archived News for Finance Sector Professionals

A new report card for global aid reveals Australians are an altruistic bunch, saving the lives of 230,000 children since the year 2000.

Little phone loans can have big effect

As more and more online lenders join the market, people are increasingly resorting to the mobile phone for a quick injection of cash, but research shows this will lead more Australians into a spiral of debt.

Summit hears ways to link accountants and advisers

Licensing for Accountants chief executive Kath Bowler says proposed educational requirements for financial planners could be a big help.

Payroll change taking serious toll

A new report shows Western Australia has the highest payroll tax costs in the country due to recent changes to the exemption threshold.

Rich countries care less about climate risks

A global survey has found that the world’s wealthiest people understand climate change, but only half see it as a threat.

Union fights to keep coal pay

The CFMEU has emerged as a surprise backer of the Labor Party’s 50 per cent renewable energy target, but their support is contingent on unprecedented assistance for workers.

No good news in World Bank's mining view

The World Bank has taken a grim view of the future for the global mining industry, predicting prices will decline across the board.

Super funds fight LNP's union-busting

Industry superannuation funds are fighting against changes that threaten union control.

Major money press moves to Japan

The Financial Times – a globally-renowned money media outlet – has been to Japanese digital media group Nikkei in a $AU1.8 billion deal.

Senator sees nothing to fear in China FTA

The Assistant Education Minister, Senator Simon Birmingham, has taken to the radiowaves to warn people not to pay attention to Australian union claims over the threat of new free-trade deals.

SMSF site hit for wonky comparison

Self-managed super firm Omniwealth will pay a $10,200 penalty for including potentially misleading claims on its website.

High-flying fraud comes crashing down

A senior Airservices Australia manager has been charged for using fake aviation companies and false documents to defraud the tax office of over $320,000.

Pitt allays super raid claims

Queensland Treasurer Curtis Pitt says he will not divert funds in Public Service superannuation accounts.

Executive heads roll in Toshiba's profit scandal

The president and former president of tech firm Toshiba have resigned over a $US1.2 billion accounting scandal.

Drug tests spread to non-mining sectors

Sales reps in company vehicles will be targeted in the next wave of workplace drug testing, authorities say.

Gold leads precious metals' deep decline

The value of gold has dropped to its lowest point in nearly five-and-a-half years, hit hard by fears of massive selling in China, dealers say.

Baird makes GST pitch to help health

News South Wales Premier Mike Baird has made his pitch in the much-awaited yet much-avoided GST conversation, arguing the rate should be increased to 15 per cent to pay for better healthcare.

Bank tech challenges laid bare

Any traditional bank trying to call itself a ‘digital bank’ is talking rubbish, according to ANZ chief technology officer Patrick Maes.

Experts push collaboration over competition

Financial technology experts say banks and the fintech industry must embrace “co-opetition” rather than direct competition to leverage the benefits of each others’ distribution channels and innovation.