Archived News for Finance Sector Professionals - August, 2023
Banks backed in scam fight
The ACCC is allowing Australian banks to collaborate on the development of industry standards to combat scams.
Jobless rate grows
The Australian unemployment rate experienced a slight rise of 0.2 percentage points, reaching 3.7 per cent in July.
Pay gap persists
Australia’s gender pay gap is at its lowest ever level, but still sees women paid significantly less than men.
Scheme to lower home entry
The Albanese Government has revived its Help to Buy scheme, offering up to 40 per cent deposit assistance for home buyers.
ASD faces KPMG issue
The Australian Signals Directorate (ASD) has found itself embroiled in the widening controversy surrounding consulting firm KPMG.
Broad deal bothers business
Businesses want the Fair Work Commission (FWC) to be strict on multi-employer bargaining.
New count for climate
A new tool to track climate progress shows most fossil fuel producers are coming up short.
Woolworths' bid fails
Woolworths' planned pay structure for its online shopping centre workforce has been knocked back.
Future sale proposed
Economists want the Future Fund shut down and its assets sold in order to tackle national debt.
Robodebt apology offered
The Federal Parliament has extended a formal apology to the victims of the unlawful Robodebt scheme.
Boyle case continues
Protesters have gathered outside South Australia's Supreme Court in solidarity with ATO whistleblower Richard Boyle.
New penalties for advice
The Federal Government is launching a crackdown on tax adviser misbehaviour.
US tech block announced
US President Joe Biden has limited specific American investments in critical Chinese technology sectors.
Fuel tax fight ongoing
Politicking over Australia's petroleum resource rent tax (PRRT) continues, with plans to raise the rate linked to “ill-informed southerners”.
ICAC eyes bottled fund
The NT Chief Minister has remained silent about a controversial donation to a state-backed water bottling business.
Outsource overcharge alleged
KPMG has been accused of overcharging the Defence Department by millions of dollars.
Robodebt workers watched
An overhaul of public servants implicated in Robodebt findings has commenced.