Banking, Accounting and Finance News
New figures suggest a company can boost safety and profitability at the same time.
Scientific value tallied at $330 billion
Scientific advances underpin $330 billion of Australia’s annual economic output, the Chief Scientist says.
TPP to take thousands of jobs
The Trans-Pacific Partnership Agreement (TPPA) is still up in the air, and has been a major topic during Prime Minister Malclm Turnbull’s trip to the US.
Agencies seeking more offshore
The Finance Department says private companies are being asked if they can send Australian Public Service (APS) work overseas.
Woolworths wants to drop hammer on Masters
Big moves among hardware giants this week, with Woolworths looking to offload Masters.
Mining market sees battery boost
Insiders say big profits in the resource market this year will come from materials used in high-tech energy storage and other futuristic technologies.
Hybrid sites in green power price drop
The Australian Renewable Energy Agency(ARENA) has shortlisted 22 renewable energy projects for $100 million in funding, signalling that solar project costs would fall below $AU100/MWh by 2020.
World Bank details tiny TPP benefit
A comprehensive economic analysis has shown Australia stands to gain almost nothing from the Trans-Pacific Partnership (TPP).
BHP lines up for big decline
BHP Billiton is staring down the barrel of a $10.3 billion write-down on its US shale oil and gas assets.
Insurance inquiry finds lack of information
A new survey suggests just half of the Australians who take out private health insurance actually understand what their policy covers.
Construction crunch could continue
Australia's construction industry contracted in December 2015, a weak end to the year despite a growth in apartment and house building.
Reduction revealed in booze tax test
Research suggests that increasing the cost of the cheapest alcohol leads to a reduction in consumption.
Billions available in top end trim
Research has again showed the big budgetary gains to be made by cutting high end concessions.
Credit inquiry calls for fair deal
A Parliamentary report into credit card use has suggested banks should take better care of customers struggling to meet repayments.
Credit rating wavers at policy deadlock
Auditors have warned that Australia’s AAA credit rating could be put at risk by the Federal Government’s failure to pass its policies.
$10 billion for contractors in procurement stats
Australian Public Service procurement spending soared by $10 billion in the past financial year, new figures show.
WA council figures collated for critique
The Western Australian government says it will soon put council financial information online, so that ratepayers can see how their council stacks up.
Lobbyist lashes out at Paris
The head of a major European coal lobby says the industry will be “hated and vilified” like “slave-traders” after the Paris climate deal.
Payback ordered from former union figure
Former federal MP Craig Thomson has been ordered to pay $458,000 for breaching the Fair Work Act.
Fuel pumps fail to follow drop
The ACCC says petrol margins are at their highest on record, letting retailers harvest the benefits from falling oil prices.
Palmer's plays keep hundreds at risk
The Queensland Government and the French territory of New Caledonia are avoiding Clive Palmer's attempts to keep his refinery afloat.