Archived News for Finance Sector Professionals - October, 2017
If the Northern Territory dives headlong into gas development, it could make up to $5.8 billion over 25 years.
PC calls for carbon tax
The Productivity Commission has called for a carbon tax, describing Australia’s energy system as “an appalling mess”.
ASIC wants higher fines
ASIC has called for steeper fines and longer jail terms for corporate crooks.
Authorities reflect on house debt
ANZ and APRA appear to agree on the risks of rising household debt.
Blockchain tops transfers
The University of Sydney has developed a blockchain system for financial transfers that is faster than almost any other.
Call for more say at AGMs
Some of Australia’s biggest superannuation funds want shareholders to have greater powers to be heard at company AGMs.
FOI lodged for DFAT's Adani work
DFAT will be questioned over alleged secret approaches to foreign agencies for money to back Adani's Carmichael coal mine.
Federal cyber skills lacking
The Immigration Department and the ATO are failing to meet government cyber-security standards, according to a new report.
London car tax increased
London has tightened its congestion charge for cars driving through the city centre.
ANZ makes deal on rates claim
ANZ has reached a last-minute settlement ahead of court action over alleged interest rate rigging.
Costello pushes super safety
Former Liberal treasurer Peter Costello wants Australian workers' default superannuation payments to be better protected.
Farm labor risks raised
A parliamentary inquiry has heard Australian horticulture is ripe for indebted labour akin to slavery.
Liberty laments APRA expansion
Non-bank lender Liberty Financial has described the APRA expansion plans as “overreach”.
Westpac paying back missed discounts
Westpac is refunding $65 million for discounts it failed to pass on ...
PM reveals new power plan
The Federal Government says its new energy plan brings much-needed certainty, but some say it is shirking its own role.
Developer donation ban looms
Queensland has introduced legislation to ban donations to local and state politicians from property developers, but not unions.
Insurance shake-up detailed
The Federal Government has announced a major private health shakeup, but some say it should go further.
Banks deny profit drive
Two big bank leaders say they did not necessarily try to profit off APRA’s new lending laws.
BCA backs lifelong learning
The Business Council of Australia wants a serious overhaul of higher education.
IMF knocks down local view
The International Monetary Fund has cut its growth forecasts for the Australian economy.