Archived News for Finance Sector Professionals
The Federal Government has confirmed the appointment of Jillian Broadbent as the chair of the Clean Energy Finance Corporation (CEFC) Board for a five-year term. Also announced were the appointments of Michael Carapiet, Ian Moor, Anna Karbek and Andrew Stock as the inaugural members of the Board.
Ms Broadbent brings extensive experience in banking to the new role, having been made an Officer of the Order of Australia in 2003 for her services to the economic and financial development of the country. Ms Broadbent is currently a member of the Board of the Reserve Bank, having held that role for over 14 years.
Mr Carapiet recently retired from a 22-year career as an investment banker in Macquarie Bank, where he headed the investment banking divisionof Mcquarie Capital and became executive chair in 2010.
Export confidence on the rise finds DHL
Logistics specialist DHL has published its 2012 DHL Export Barometer, showing a recovering business outlook for exporters, despite the strong Australian dollar.
FINSIA report find pay equity issues rife
The Financial Services Institute of Australia (FINSIA) has published new biannual gender research, which finds pay equity and transparency continues to plague the industry.
New CIO for Reserve Bank
Mr Sarv Girn has been appointed to the position of Chief Information Officer of the Reserve Bank of Australia. The appointment is effective from 3 September.
Westpac to trial mobile payment
Westpac bank has announced the launch of a new pilot app for wireless payment systems in collaboration with MasterCard.
Ching to steer AMP's Asia efforts
AMP Capital has announced the appointment of Kerry Ching as the company’s new Managing Director Asia.
Cornyn named Commonwealth's new retail boss
The Commonwealth Bank has announced the appointment of Matt Cornyn as the company’s new Group Executive, Retail Banking Services.
Government launches financial literacy teaching resource
The Federal Government has launched its new MoneySmart Teaching Primary Package, aimed at helping young Australian students become more confident, informed and responsible financial consumers.
Home lending on the rebound
The Australian Bureau of Statistics (ABS) has published its June figures of housing finance, finding an overall 2.4 per cent upswing over the May to June period.
Lost receipts costing us billions
The Commonwealth Bank has found that the average taxpayer is losing as much as $1,000 dollars because of lost receipts, equating to a total of $7.3 billion nationwide.
RBA keeps rates unchanged
The Reserve Bank of Australia (RBA) has left the country’s official cash rate unchanged at 3.5 per cent, citing softening global growth rates and contracting commodity prices.
Cairns to host G20 finance ministers
The Federal Government has announced Cairns as the host city for the G20 Finance Ministers’ and Central Bank Governors’ meeting in 2014.
Ageing population prompts call for super preservation debate
With the majority of Australians expected to outlive their superannuation savings, the Financial Services Council (FSC) has opened the debate on increasing the preservation age for superannuation.
FSC annual awards announced
More information is here.
IBSA seeks new directors
Innovation & Business Skills Australia (IBSA), one of eleven Industry Skills Councils authorized by the Australian Government to provide a voice on vocational education and training issues, is seeking to appoint new board directors.
Discussion paper canvasses new approach to fixed trusts
The Federal Government has released a discussion paper inviting views on options for a more workable approach for fixed trusts.
Super fees fall five per cent
Superannuation fees have continued to fall according to the latest Financial Services - Rice Warner Actuaries Superannuation Fees report which shows a clear downward trend since the study commenced in 2002.
Study to investigate options for workers with depleted super
A new study at the University of South Australia will investigate flexible working options to assist workers who are reaching retirement age with depleted superannuation funds.
Bankers warn on US-style lending policies
The Australian Bankers’ Association (ABA) has warned the Australian Government against adopting American ideas which resulted in poor lending decisions which triggered the global financial crisis (GFC).
FSC pushes for resolution of FATCA issues
Financial Services Council (FSC) CEO, John Brogden, has recently visited Washington DC to continue discussions with senior US Treasury and IRS officials, relevant members of Congress and congressional representatives on the Foreign Account Tax Compliance Act (FATCA) regime.