Archived News for Finance Sector Professionals - February, 2020
A former financial planner who swindled more than $2 million from his clients has been jailed.
Reporting reforms pass
New changes will require welfare recipients to report income as it appears on a payslip rather than estimating a figure.
Card scheme studied
A new study finds the cashless debit card scheme and other compulsory welfare income management does more harm than good.
New claims of $3b rort
New claims have emerged in what could be the Morrison Government’s biggest rort yet.
New funds for cut-off communities
Progressive firms have announced plans to provide standalone solar and battery storage systems for victims of bushfires and storms.
Top plans selling well
NBN Co has seen a rise in the take-up of 250Mbps plans after a recent price cut.
Bank ditches staff spy
Barclays Bank has scrapped an internal tracking system that monitored when staff while they worked.
Job-hunting rate rises
An increase in the number of people looking for work lifted Australia's unemployment rate from 5.1 to 5.3 per cent in January.
Rio goes for cheap new power
Rio Tinto says a large solar farm will feed its new iron ore mine in Western Australia's Pilbara region.
Robodebt warning in welfare change
The Federal Government says its latest efforts to stop welfare overpayment will cost about $30 million.
Authorities reflect on wage theft
More major retailers have been slammed for underpaying their staff.
Public probed for wage theft changes
Attorney-General Christian Porter is considering punishments in his push to criminalise wage theft.
'Sports rorts' claims denied
Concerning new details have emerged about the Federal Government’s two sports rorts.
Fintech sandbox expanded
The Federal Government has passed laws to extend the fintech regulatory sandbox.
Telco merger moves ahead
The Federal Court has given the green light to a proposed merger of TPG and Vodafone.
Feds smooth path to drought money
The Federal Government says it is cutting red tape for drought support payments.
NDIS access has slow postcodes
Investigations have found that children's access to disability funding appears to depend on where they live.