Archived News for Finance Sector Professionals - December, 2018
Activists are trying to stop insurance companies from backing Adani’s Carmichael mine project.
Unemployment rises
The unemployment rate has increased despite the creation of more than 37,000 jobs last month.
Watchdog working group forms
A working group has been formed to design Australia’s national corruption watchdog.
ASIC wants AMP evidence
ASIC has launched legal action in a bid find more evidence in the fee-for-no-service scandal.
Ex-union head destroyed documents
A former Queensland union boss has been found guilty of destroying documents ahead of a royal commission.
FWC could take on gender equity
Labor says it would make the Fair Work Commission reduce the gender pay gap if it wins next year’s federal election.
NBN Co loan extended
NBN Co has been given an additional three years to pay off its federal government loan.
Power sector outlines new price
Energy retailers have come up with their own system to help consumers shop around.
Summit reaches emissions deal
The UN climate summit has come up with universal, transparent rules on how to cut emissions and curb global warming.
'Aussie John' issues gearing warning
A major figure in Australian finance has warned that negative gearing changes “could tip Australia into recession”.
ANZ rigging roles revealed
Reports say knowledge of ANZ's rate-rigging program went right to the top.
Tax stats show low input
New stats show ten companies are paying 45 per cent of all corporate tax in Australia.
Federal corruption court coming
The Federal Government says it will establish a national anti-corruption body, the Commonwealth Integrity Commission.
Holes in pole sale reviewed
NSW’s auditor-general says the State Government revealed its Ausgrid asking price too early.
QLD train fail reviewed
An inquiry has found the multi-billion-dollar contract to build new trains for Queensland was flawed from the start.
'Canter' could come from loophole
Australia could be on track to meet its Paris 2030 emissions reductions because of a loophole.
Port deals head to court
The ACCC is taking NSW Ports to court over alleged anti-competitive behaviour.
Audit explores RCR collapse
Failed engineering firm RCR Tomlinson has debts of up to $250 million owed to about 4,000 subcontractors and suppliers.
Locals owe big lay-by bill
Australians collectively owe $903 million in lay-by debts amid the rising popularity of Afterpay, Zip Pay and its various competitors.