Archived News for Finance Sector Professionals
The competition watchdog says scammers swindled nearly $4.7 million from Australian businesses in 2017.
Auditors told to open up
The internal auditing profession has been urged to lift its game and weed out unethical or unlawful practices.
Bank language under legal lens
Court proceedings against Westpac have focused on the meaning of the term “f*ck it”.
Westfield accepts takeover
Westfield shareholders have backed the takeover of the shopping centre empire by Unibail-Rodamco.
Corruption plan rejected
The Federal Government has knocked back Labor's proposal for a federal corruption watchdog.
World Bank reports carbon return
The World Bank says global carbon markets are back from the brink of collapse.
Bitcoin power cost counted
New research suggests the digital mining of virtual coins has a very tangible cost.
Senate reports on climate threat
A Senate inquiry has dubbed climate change a “current and existential national security risk” to Australia.
ASIC undertakings probed
Critics say enforceable undertakings from the financial regulator allow big banks to do the crime, but negotiate the time.
Australia warned on debt
A leader in the executive world says Australia is not prepared for a global economic downturn.
RBA says small rises won't hurt
The RBA says there is “no evidence” that a small increase in the minimum wage would cause a loss of jobs or reduction in workers’ hours.
Regulator set to tighten inquiries
ASIC says financial firms “have jeopardised the entire regulatory structure”.
NAIF makes second investment
A fish farm has become just the second project to be offered a NAIF loan.
BIS predicts infrastructure drop
Economists say Australia’s public infrastructure investment will peak soon.
Regulator set on power claims
The energy regulator has been asked to investigate allegations of price gouging by power companies.
Telstra reflects on NBN effect
Telstra says increased competition provided by the NBN will extend its financial pain.
Big fine levelled at Linc
Gas company Linc Energy has been fined a record $4.5 million for causing serious environmental harm.