Archived News for Finance Sector Professionals
‘Bitcoin’ has been named word of the year by the Australian National Dictionary Centre (ANDC), marking the mainstream landing of the decentralised digital currency.
Papers show ANZ wouldn't kill faux-golden goose
Court documents have shown the bank now embroiled in the largest class action in Australian history could have seen it coming.
Women's pay gap cause for early warnings to youth
Figures out this week show that the average Australian woman would have to work 25 years longer to retire on the same amount as a man.
Amendment hopes to give public say on pokies reform
Australia may get to vote on which measures, if any, should be applied to stem the flow of money pouring into poker-machines around the country.
DHS cuts require clear view from at least three offices
A local report has accused Centrelink’s national boss of racking up excess costs, while the department sacks hundreds of workers.
State to swap green plants for concrete funds
The New South Wales Government is looking to drum up cash by letting go of some goods, starting with all the state’s renewable energy assets.
Billions in fines show shadowy hands at work
Anti-trust regulators have fined six big banks A$2.5 billion for their role in rigging international interest rates, with an ongoing investigation to shine a sliver of light on the unknown mechanisms underlying global economies.
Difficult decisions have random basis
Crossroads are common on the path of life and everyone has different motivations for the direction they choose, but a new study suggests many of our choices are made by random fluctuations in the brain.
Selling money to make money to give money away
Anyone wishing to re-enact the favourite past time of Scrooge McDuck may soon get their chance, with a Swiss bank auctioning-off a pile of 8 million coins.
Councils call for cash to back duties rolled down from upper levels
The Australian Local Government Association (ALGA) has pushed for state and federal governments to stop dumping new duties on local governments, without the appropriate funding support.
Court closing on half returns for failed council investment
Many councils and ratepayers may soon get up to half their money back, after the collapse of merchant bank Lehman Brothers short-changed them to the tune of millions.
Deal struck to scrap the ceiling for a better view
The Coalition Government and the Greens party have agreed on something, for what may be the first and last time.
Public sector sold short for contract conditions
Criticisms are being laid at the Victorian Coalition government’s efforts to cut costs, which have seen 4500 full-time public servants sacked while $145 million was spent on contractors to fill the gaps.
Ground lost in push for workplace engagement
Figures show that there a fewer work opportunities for people with disabilities than there were twenty years ago.
Queensland looks for good hand to help trim tunnel bill
The Queensland government is trying to lure casino money to help fund its $5 billion tunnel.
Business body says Government should bag billions from building
A report commissioned by the Business Council of Australia says the Federal Government must create a way to funnel trillions of dollars into infrastructure.
Exploration buy-up bags millions of acres and barrels
A single company now owns exploration rights to 2.04 million acres of New Zealand’s East Coast Basin.
Report proposes win-win plan to cut drug money
A new report by the Grattan Institute says that reducing manufacturing costs could be the best way to cut up to a billion dollars from the health budget.
Billions on the table to shed assets
State governments will be eligible for massive incentives to sell-off their assets, under a new scheme announced by Federal Treasurer Joe Hockey this week.
Female execs bring price drops, the more the better
Companies save money on acquisitions for each female board member doing the buying, a new study says.
Hockey says he won't sell the farm for now
Federal Treasurer Joe hockey has announced he will prohibit the foreign acquisition of 100 per cent of major Australian agricultural company GrainCorp.