Archived News for Finance Sector Professionals - November, 2020
Climate report card released
The State of the Climate 2020 reports shows continued warming and an increase in extreme weather.
Foxtel 'blank cheque' alleged
Investigations show Foxtel received a $10 million federal grant with no plan for how to spend it.
NBN rewards itself
NBN Co has found money for executive bonuses despite a $6.7 billion funding blowout.
Central Coast costs inspected
Interim administrators say they have recovered $7 million of Central Coast Council’s debt.
Key office calls for more
The New South Wales Ombudsman’s Office says its current funding level is “insufficient”.
Police slam 'protection racket'
The federal police union says the proposed anti-corruption commission is just a “protection racket” for MPs.
Record probe launched
A parliamentary committee will examine ‘sloppy record keeping’ in the public service.
Billions lost in COVID wake
Research shows Australia has lost 1.3 billion working hours due to the COVID-19 pandemic.
Builders slugged for airport plans
The NSW government says it will raise up to $1.1 billion from developers near Sydney's new airport.
Crown labelled 'unsuitable'
Crown says it will open its $2.2 billion casino in Sydney, despite the company facing the cancelation or suspension of its licence.
First charge for interference laws
A Melbourne man has become the first to be charged under Australia’s foreign interference laws.
Neighbours numbers impact kids
Experts say growing up in an impoverished neighbourhood may be bad for kids' brains.
RBA outlines new moves
The Reserve Bank laid out five new measures this week, all in an effort to tackle the ongoing financial crisis.
Debt-ridden council suspended
The NSW Government has suspended the Central Coast Council and brought in administrators to deal with its $89 million debt.
Broke firm scheme slows
Hundreds of victims of dodgy businesses are going broke while waiting for a new compensation scheme.
Inaction costs counted
Economists say Australia will lose more than $3 trillion over the next 50 years if climate change is not addressed.
Targets seen as start only
Experts say the world needs to think beyond renewable energy targets (RETs) to ensure a sustainable future.