Archived News for Finance Sector Professionals
Superannuation group Industry Funds Management (IFM) has launched a national advertising campaign aimed at showcasing the commitment of the superannuation industry towards nation building infrastructure projects.
IFM CEO, Brett Himbury said the advertisements would demonstrate the 'virtuous circle' of infrastructure investment; securing superannuation returns for institutional clients and therefore ultimately for working Australians, coupled with the development of ports, transport hubs and power stations that expand the nation's economic capacity.
"There's a compelling logic to infrastructure investment because it delivers solid, secure returns to investors while simultaneously expanding our nation's economic capacity and boosting productivity," Mr Himbury said.
Carbon tax passes House of Reps
The Federal Government’s suite of carbon trading legislation has passed in the House of Representatives following weeks of intensive parliamentary debate.
Government announces membership and terms for business tax group
The Federal Government has announced the terms of reference and appointments to the Business Tax Working Group that is charged with conducting an inquiry into how the tax system can best assist businesses respond to a changing economy.
Government announces advisors for Clean Energy Finance Corporation
The Federal Government has announced Jillian Broadbent will chair an exprt review that will advise the government on the design of the $10 billion Clean Energy Finance Corporation, which will be tasked with providing a new source of finance for renewable energy, energy efficiency and low emissions technologies.
Bankruptcies fall by nearly 10 per cent
New quarterly Insolvency and Trustee Service Australia results have shown a decrease in bankruptcies in the September 2011 quarter, recording a decrease by 9.3 per cent compared to the same time last year.
Clean Energy Finance Corporation review panel appontments announced
Reserve Bank board member Jillian Broadbent will lead an expert review panel to advise the federal government on the design of its $10 billion Clean Energy Finance Corporation.
IMF praises Australia's 'enviable' position
The International Monetary Fund has prasied Australia’s economic position, saying that the country is well positioned to continue to reap the benefits from the ongoing commodity boom, a sound financial policy framework and a stable financial services sector.
ASX to review resource and reserve disclosure rules
The Australian Stock Exchange is calling for comments from stakeholders on a consultation paper it has released on the Listing Rule reporting requirements that apply to mining, and oil and gas companies.
Austrade report highlights Australia's economic strengths
The Australian Trade Commission (Austrade) has released the 2011 Benchmark Report: Australia – A wealth of Opportunities, highlighting Australia’s economic strength and its attraction as a regional financial services centres.
Tax forum finishes
Federal Treasurer Wayne Swan has officially closed the October Tax Forum after announced the government would not conduct inquiries into issues raised by participants.
WA named a top investment destination for global resources
Resourcestocks magazine has published its 2011 World Risk Survey, finding that Western Australia shares first place with South Australia and Novia Scotia in the Australian States and Canadian Provinces survey.
Retail sales increase
The Australian Bureau of Statistics (ABS) has released data showing a lift in retail sales for a second consecutive month.
RBA holds cash rate
The Reserve Bank of Australia (RBA) has announced its decision to leave the cash rate unchanged at 4.75 per cent.
Exporters post record Asian sales
Australian exporters have recorded a trade surplus of $3.1 billion n August – the second highest on record – as well as experiencing the highest exports to Asia on record.
Treasury releases final budget outcome
The Federal Government has released the 2010-11 Final Budget Outcome, finding that the global financial downturn had wiped $40 billion off the forecasted growth rates.
Suggested tax deductions to ease pressure on families
Australian female executives have pushed for the government to make childcare and nanny services tax deductable enabling women to be available for employment and those already at work could have more opportunities for promotion.
October Forum to consider GST increase
The October Tax Forum, convening next week, will consider increasing the base rate of GST charges.
Exporters supported by banks
Bank of America Merrill Lynch and the Export Finance and Insurance Corporation (EFIC) have helped Australian businesses protect their export contract payments by signing a Master Documentary Credit Guarantee Facility.
ATO reunites fund members with lost super
The Australian Taxation Office (ATO) has developed an electronic form to make it easier to connect account holders with 5.8 million lost super accounts worth more than $18.8 billion.
Federal Government releases Tax Forum papers
The Federal Government has released two discussion papers in the lead up to the October Tax Forum.