Archived News for Finance Sector Professionals - March, 2020
An expert group is calling for the planet to come together and develop a strategy for human survival.
Big wage subsidy coming
The Federal Government’s new $130 billion JobKeeper wage subsidy plan has been fairly well received.
ASIC allows tele-AGMs
The finance regulator has questioned the legal status of AGMs conducted via teleconferencing.
FIRB preps for big sweep
The Foreign Investment Review Board (FIRB) is preparing for Chinese companies to buy up distressed Australian assets.
Robodebt repayments tallied
The Federal Government will be forced to pay back around $550 million after its botched ‘robodebt’ scheme.
RBA buying big
The Reserve Bank of Australia (RBA) is buying billions in sovereign government bonds.
TAL cutting COVID coverage
One of Australia's biggest life insurers is trying to avoid payouts to customers who die from COVID-19, including frontline doctors.
Cashless card scheme paused
New welfare recipients will not be forced onto controversial cashless debit cards.
WMO wants green goals retained
Experts say the global COVID-19 shutdown should not be an excuse to stop climate action.
Airlines in bailout stoush
Virgin Australia wants the ACCC to investigate claims by Qantas about potential bailouts.
Virus measures sail through
The Federal Government has passed $83.6 billion worth of stimulus measures ...
Private schools get funding boost
The Federal Government has found time to give private schools a $3.4 billion boost.
Tax tightened with tech measures
The ATO is turning to technology to help its tax avoidance taskforce.
Airlines landing hard
Australia’s airline operators are taking big hits as COVID-19 smashes the sector.
Banks back off repayments
The Australian Banking Association (ABA) has announced a six-month deferral of all loan repayments for businesses affected by COVID-19.
Insider slams club lobby
A whistleblower is suing the powerful ClubsNSW business lobby, alleging bullying, sham contracting and underpayment.
RBA easing to avoid recession
The Reserve Bank has announced quantitative easing measures to help prevent a recession.
Experts slam Federal 'abuse'
Lawyers say the Federal Government ‘sports rorts’ saga is just one instance of broader, systemic abuse.
MCA backs stimulus
The major mining lobby has labelled new economic stimulus “good news” for mining juniors.
Sub study plugs nuclear option
Australia's $80 billion Future Submarine Program is “dangerously off track”, according to a new report.