Category: News
-
Financial Review names record-breaking richest Australians in 2017
The Australian Financial Review has released its record-breaking Rich List for 2017, naming the nation’s most wealthy people. The combined wealth of the people featured on the Rich List is a staggering $233.1 billion, which is a marked increase on last year’s total of $197.3 billion. This year is the first time in the history of…
-
MPs accused of ‘squabbling’ in face of global security crisis
A new report by a defence industry has accused Australian MPs of wasting time by “squabbling” over defence industry jobs while “the world is going to hell”. Dr Mark Thomson, an analyst for the Australian Strategic Policy Institute, says that Australia is employing the wrong attitude towards defence policy in the face of a deteriorating…
-
Google Attribution to track credit card payments for sales data
Google are planning to introduce a method of tracking billions of credit and debit card payments in order to help advertisers who post on Google’s services obtain sales data and judge advert success. Google Attribution will allow the company to track the credit card information of customers who have provided them to any Google service…
-
Australian economy a “walking dead of debt”
Australia’s economy is on a crash course with a major downturn in fortunes due to mounting unsupported debt. Professor Steve Keen has branded the country a “walking dead of debt” as a result of government interventions to artificially prop up the housing market and mounting household debt. Professor Keen’s remarks come as tensions continue to rise…
-
ACCC reports 30% rise in cyber crime and online scams
The Australian Competition and Consumer Commission (ACCC) has claimed that reported business scams and cyber crime relating to scams rose by around 30% in 2016, leading to greater concerns about online security and the targeting of businesses. The Commission’s Scamwatch program had reported the rise in the number of businesses being subjected to fake invoices and payment…
-
ATO official faces charges over $165 million fraud case
A senior official at the Australian Tax Office (ATO) is facing charges in relation to a major fraud investigation involving his son, in which it is alleged that $165 million was stolen from the Commonwealth. Deputy Tax Commissioner Michael Cranston was issued with a court summons following the arrest of his son, Adam Cranston, in Sydney yesterday.…
-
Government to overhaul privacy code amid data concerns
The government has announced plans to reform the privacy code and processes of the Australian Public Service (APS) in order to combat public concerns about the ability of the government to handle people’s personal details safely. The announcement was made today by the Secretary of the Department of the Prime Minister and Cabinet, Martin Parkinson,…
-
TPG makes new bid for Fairfax with $2.7 billion cash offer
A consortium affiliated with TPG Private Equity group has raised its initial offer to acquire Fairfax media after a market share rise. The offer values Fairfax at around $2.75 billion and is a 12% rise on the company’s closing share price of $1.07 last week. In early trade today, Fairfax shares rose 7% to $1.147, which represents an increase…
-
Budget invests in a reliable energy future
A $265 million energy package in the 2017 Federal Budget will ensure Australia maintains a secure, competitive and reliable energy system into the future. The nation’s energy system is undergoing its greatest transition since electricity became widely available in Australia. The measures in this package will set Australia up for a modern and dynamic energy…
-
Five solutions for afternoon burnout in the workplace
It’s almost a ritual in the workplace. The ubiquitous mid-afternoon slump that gets to all of us, no matter how fresh we feel bouncing into the office at 9am. So how do we counteract this threat to productivity in simple and realistic ways when all we seem capable of doing is daydreaming or, worse, nodding…