Banking, Accounting and Finance News
Victorian Labor MP Cesar Melhem says he will stay in State Parliament and fight allegations of corruption from his days as a union boss.
Ley looking for health cover band-aid
The Federal Health Minister says consumers are not getting value for money from their health insurance policies, and conditions should be changed.
Apartments lead building sector steadiness
Australian Industry Group data shows the construction sector has expanded for a third straight month.
Robb defends full TPP text, now revealed
The full text of the Trans-Pacific Partnership (TPP) has been released, causing Australian Trade Minister Andrew Robb to tell everyone to calm down.
Uni cash crisis denied
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 watching housing for now
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.
GST hike alone will hit the poor more
New research has found the winners and losers in the push to raise the GST, and unsurprisingly, the poor do not come out on top.
PS leader plugs private cross-over
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.
Gonski's closing act could still be cut
Prime Minister Malcolm Turnbull has hinted that his government will fund the final two years of the Gonski education model.
Ship crew marks improved view
Adelaide ship-builder ASC has picked itself up from a rough year to post a profit of almost $22 million.
Emissions money pays for cloudy solutions
Experts say it is hard to tell what happens to billions of dollars in taxpayer funds handed out in the Government's Direct Action climate policy.
ASIC sees FOFA response forming
ASIC says it has observed some positive progress in the wake of Future of Financial Advice (FOFA) reforms and new fee disclosure statement rules.
Industry slams super switch
Industry Super Australia chief executive David Whiteley says “there is no room for ideology in superannuation policy”.
Expert warns UK model would hurt local insurers
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.
More scientists swing against old coal
The Australian Academy of Science has become the latest major institution to offload its fossil fuel investments.
ANZ marks record profit despite 'constraints'
ANZ says that despite the “constrained environment” it operates in, it managed to achieve a $7.2 billion profit.
Chevron shells out for dodgy tax deal
Profit shifting has led to big costs for Chevron, with the Supreme Court ruling it must pay $322 million to catch up on its tax-dodging.
BHP won't let downturn damage its view
The chairman of BHP Billiton says the company remains “robust and resilient”, despite taking a battering in recent months.
Steel giant propped up by pay deal
BlueScope Steel will continue with steelmaking operations at Port Kembla in the New South Wales Illawarra region, saving thousands of local jobs.
Big banks take more to cover new rules
Everyone is waiting on ANZ - after CBA and NAB announced rates changes on Friday.
ChAFTA bill moves ahead
A bill to enact the China-Australia Free Trade Agreement is making its way through Parliament.