Archived News for Finance Sector Professionals - December, 2020
ACOSS says now is crucial time for Australia to choose between favouring the rich or saving the poor.
Credit Suisse indicted
Credit Suisse Group has been indicted over its alleged failure to prevent money laundering.
Crown probe brought forward
Victoria is bringing forward a planned review of Crown’s Melbourne casino licence.
Manningham pays for no pokies
A Melbourne council has saved its local RSL venue from being swamped with poker machines.
Coal block gets official
Trade Minister Simon Birmingham says Australia will seek restitution for China’s ban on Australian coal.
Porter backs pay plans
The Federal Government has knocked back a union attempt to get tough on underpayments.
Aboriginal leadership urged
A new report calls for benchmarks for leadership by Aboriginal women and girls.
ACCC wants food fair-trading
Regulators say farmers should be protected from the lack of diversity in perishable food retail.
Broad support for UBI
A recent survey found nearly two-thirds of Australians would support a universal basic income (UBI).
Cashless card extended
The Federal Government has failed to make the cashless welfare program permanent, but has won an extension.
New debt deals questioned
Incentives for Centrelink’s new debt collectors have revived Robodebt concerns.
ATO shows mass avoidance
The ATO has released its latest corporate tax transparency data, showing hundreds of companies have reduced their tax bills to zero.
Casual switch questioned
The Federal Government is defending its planned IR reforms against concern that the changes will not do what they claim.
Kogan slapped for tax claims
Electronics retailer Kogan has been fined over claims made in a tax time promotion.
Climate risks extend to rich
A new report finds no country – whether rich or poor – is immune from the health impacts of worsening climate change.
LNG controls concern firms
Australia’s big east coast LNG exporters will soon face formal price controls for the first time.
Miner fined for misinterpretation
Bravus, formerly Adani, has paid a $26,000 fine for “misinterpreting” its environmental approval conditions.
State boots banks from school
Victoria has banned Commonwealth’s Dollarmites scheme and other “low-quality” school banking programs.
SA considers code deal
South Australia is considering boosting MP’s pensions in exchange for anti-lobbying rules.