Archived News for Finance Sector Professionals

Government finance departments say extensive and superfluous reporting frameworks have pushed them to look for new ways to reduce their “disclosure burden”.

BHP gets first bill for Brazil spill

Brazilian mining company Samarco has agreed to a $366 million damage bill after its tailings dam burst, spreading toxic waste over hundreds of kilometres, killing 10 people, and flattening entire villages.

RBA takes a swipe at flight rewards

Airline loyalty and credit card reward programs could get a bit less generous under new rules in the wake of a Reserve Bank review.

Robot revolution moving to money

Robotic financial advice has been described as the most significant development that the sector has seen in decades.

Darwin port plan could harm Chinese view

The Federal Government has announced it will review the 99-year lease on the Darwin Port, but the business community says that could harm future investment.

Public servants face big fraud charge

Four men accused of a $1.6 million fraud in the ACT's Public Trustee office have had their first day in court.

Wagons circle to charge up 'Charlie'

Progress has been made on a $1.7 billion development in western Queensland, which proponents says will see 300 to 400 natural gas wells created, along with 1600 production jobs.

Oil funds dwarf green money

US environmental think-tank, Oil Change International and UK humanitarian think-tank, the Overseas Development Institute, has found the world's biggest economies pay $633 billion a year in subsidies to oil, gas and coal companies.

Big spender scoops serious carats

A Hong Kong billionaire has spent a staggering $AU67.8 million on a 12.03-carat diamond for his seven-year-old daughter.

Energy study shows game changing

A new report shows almost half of the new power plants built in 2014 were for renewable source of energy.

Ethical funds making progressive profits

Analysts say “ethical investing” is growing in Australia, as moral views are used to push corporations to improve their practices.

Unemployment makes healthy drop

Unemployment in Australia has taken a somewhat surprising dive in new figures released this week.

Green experts open fire on low, unhelpful goals

The Climate Institute has slammed the adequacy of Australia’s carbon emission reduction measures, saying they would not meet the smallest target set at the upcoming Paris climate talks.

Corruption claims won't topple Cesar

Victorian Labor MP Cesar Melhem says he will stay in State Parliament and fight allegations of corruption from his days as a union boss.

Apartments lead building sector steadiness

Australian Industry Group data shows the construction sector has expanded for a third straight month.

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.

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.

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.

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.