Archived News for Finance Sector Professionals - May, 2015
Research says property is now the largest contributor to the Australian economy, eclipsing both the mining and financial services sectors.
CBA's patch-up program sees thousands on board
Expressions of interest from more than 22,000 customers have been lodged in the Commonwealth Bank's (CBA) open advice review program.
Rinehart finding sheds light on Barnaby's link
The children of Australia’s richest person have wrestled control over their multibillion-dollar family trust.
Two sites plugged for super advice
An authority on superannuation says two major accounting bodies are the only source for accountants to get objective information.
Call for leave to let victims break free
The ACTU wants domestic violence victims to be allowed an extra 10 days of annual leave to help them break free of their abusers.
China money could flow to FMG, after FIRB look
Chinese-linked companies have applied to the Foreign Investment Review Board over a big investment involving Fortescue Metals Group.
Space mining bill for bold new digs
The US has taken a technical step in the new space race, passing a bill to allow mining in space.
Gas boom slows in analysts' eyes
There are claims this week that Japan's Inpex Corporation is struggling to keep the $A43.5 billion Ichthys LNG project on schedule due to delays with the South Korean shipyard manufacturing the massive offshore platform.
Multi-billion dollar clean coal dream looks dark
The world’s most expensive ‘clean coal’ fossil-fuel power project is under new pressure, after a major backer backed out of the deal.
ACTU seeks fee change, generally better deal
The ACTU wants to make a temporary LNP-fighting fund into a permanent fee for members.
Ban laid on dodgy claims from FX Primus
ASIC has banned trading group FX Primus from providing services to Australian clients.
Banks pay billions for forex rig
The reputation of international banking has taken another wallop, with fines imposed on major banks for rigging foreign exchange markets.
PayPal pays for sneaky credit claims
PayPal is making millions of dollars in repayments to customers it left short through a range of questionable practises.
Department plugs the fun of Finance
About 800 applicants will be up for just 20 graduate jobs at the Department of Finance, while the agency tries to shake off its cold and uncaring image.
Banks rank high for LGBTI help
Finance firms have dominated a new list of Australia’s top companies for supporting lesbian, gay, bisexual, transgender and intersex (LGBTI) people at work.
Macfarlane moves research into favoured fields
The Federal Government has acknowledged that Co-operative Research Centres earn more than they cost, but will cut funding to them anyway.
Reports detail Chevron's tax raid
Oil giant Chevron has been accused of running an aggressive tax avoidance scheme, depriving local coffers of millions of dollars.
Budget sleeps on bracket creep
This week’s budget announcement ignored a giant factor, one that will provide vast amounts of the revenue the Government needs to fulfil its optimistic growth figures.
Business sees big job in WA budget
Business groups have lashed out at West Australian Government's economic skills, following the revelation of ballooning debt and a major deficit.
Multinational cash-grab stops short
Mining companies have avoided becoming targets of the Federal Government's efforts to reclaim lost tax.
Optus to splurge on growing mobile market
Optus will invest more than $1.75 billion in mobile phone infrastructure to overcome stagnant profits from the past year.