Archived News for Finance Sector Professionals - December, 2017
The Federal Government has been accused of shifting the goalposts with the release of new annual emissions projections.
Uni funding freeze looms
The Federal Government has announced a funding freeze for universities aimed at saving over $2 billion.
Disney buying lots of Fox
Disney will buy 21st Century Fox's entertainment assets for a total AU$68.3 billion.
Lowy offloads Westfield
The Westfield shopping centre empire has been sold to French property giant Unibail-Rodamco.
Westpac to make mortgage re-payments
Westpac says it will pay $11 million in compensation to 13,000 customers.
Ex-APRA head slams super change
An expert on superannuation in Australia says the Federal Government is going for “entirely the wrong model”.
ICA says social media hurts
The main insurance industry lobby says people are using social media to “pressure” insurers into paying out claims, costing them millions.
ATO shows no-tax tech firms
IBM, Atlassian, Citrix and Unisys generated taxable income but avoided paying tax in 2016.
AUSTRAC to watch cryptocurrencies
The Senate has passed a bill allowing AUSTRAC to monitor Bitcoin and other cryptocurrencies.
Big IT spend outlined
The Government has revealed which companies have received its $36 billion worth of IT procurement in the last five years.
ACCC chases Novartis pain claims
The ACCC is taking GlaxoSmithKline (GSK) and Novartis to the Federal Court over “false or misleading” pain medication marketing.
Amazon Australia opens
Amazon has launched its Australian online store, with tens of thousands of shoppers visiting the site on its first day.
Female mission falling short
A target for 30 per cent female representation on company boards by 2018 risks being missed.
Jail time for VW cheat
A US-based Volkswagen executive has been jailed over the company’s emissions scandal.
New plan concerns charities
Charities, NGOs and research groups are unhappy about the Federal Government’s proposed foreign donations crackdown.
TPG hit at AGM
TPG Telecom has been delivered a first strike from shareholders at its annual general meeting.
ATO shame list ditched
The ATO has ditched a plan to reveal the bottom 10 per cent of its employees.
Federal Plutus links revealed
A number of the federal government’s major agencies may be caught up in a payroll scandal.