Banking, Accounting and Finance News
The vice-chancellor of a Group of Eight (Go8) university has broken ranks, saying there is no crisis in Australia's higher education system and there is no particularly strong case for students to have to pay more.
RBA governor Glenn Stevens has told a major economic forum that interest rates will likely stay on hold for the time being, as inflation is under control and home prices are cooling.
Secretary of the Department of the Prime Minister and Cabinet (PM&C), Michael Thawley, says the Australian Public Service (APS) should “open its doors” to the outside world.
Analysts say that if ASIC follows the lead of its UK counterpart, Australia's major life insurers could be faced with a remediation bill of over $1 billion over 10 years.