Archived News for Finance Sector Professionals - January, 2018
The public sector appears to support the latest push for a federal corruption court.
ASIC launches rate-rigging case
ASIC has launched legal action against the Commonwealth Bank (CBA) over rate rigging.
Big new bid for AWE
A bidding war for oil and gas producer AWE is heating up, with Australian, Japanese and Chinese interests all at play.
EBAs slide alongside wages
The Australia Institute says declining wages could be linked to a large drop in private sector EBAs.
Mine fraud case continues
Rio Tinto and two former company leaders will continue facing fraud charges in the US.
New CBA chief comes from within
The Commonwealth Bank has replaced its CEO with the former leader of its most scandal-plagued division.
New funds for weapon exports
The Federal Government wants Australia to become one of the world’s largest arms exporters.
Health cover costs to rise
Health minister Greg Hunt has allowed private health insurers to lift their premiums.
Regulator questions Sky sale
British regulators say Rupert Murdoch’s planned takeover of Sky is not in the public interest ...
Banks miss interest tests
ASIC says banks’ in-house product referrals are consistently failing the best interest test.
Consumer group makes credit call
A consumer finance advocacy group says the upcoming inquiry should focus on ...
Fears raised on foreign reforms
Various groups have raised concerns about the Government’s planned foreign influence laws.
New trade deal looms
Trade Minister Steve Ciobo says the revised Trans-Pacific Partnership trade deal should be signed later this year.
Radio Rentals to make repayments
Radio Rentals will refund nearly $20 million to customers tied up in leases they cannot afford to pay.
GetUp and MCA make donation warning
Two very different lobbies have warned against a proposed cap on foreign donations.
Iceland gets equal pay laws
Iceland has passed laws requiring businesses to prove they are paying men and women equally.
Ciobo probed on Adani funding
A Federal Government body has explored the option of taxpayer support for Adani's embattled coal project.
Green money expected to slide
Renewable energy investment hit a new high in 2017, but analysts have warned that investment could collapse ...
ANZ and UTS seek AI underwriting
The University of Technology Sydney is working with ANZ to inject artificial intelligence into insurance underwriting.
ASIC orders insurance refunds
Allianz and Suncorp will refund a combined $65.2 million to over 100,000 customers ...