Newcrest’s recent investigation by the corporate regulator into whether it breached its continuous disclosure obligations has no doubt proven a salutory lesson for listed companies as this reporting season…
If the resources boom is over, why such high levels of mining investment?
AAP
When the large resource houses seek to invest in capital-intensive and costly minerals projects, what goes through their mind? If the so-called resources boom is over, why are companies still investing…
The ECB’s decision to consider purchasing government bonds led to relief in many troubled Eurozone economies.
AAP
Harald Sander, Cologne University of Applied Sciences (CUAS)
Finally good news from the Eurozone! According to recent Eurostat estimates the combined economy of this troubled region grew by 0.3% in the second quarter of 2013 after shrinking for six subsequent quarters…
How easily can we really measure productivity increases gained from government policies?
AAP
In the first of their debates, Tony Abbott and Kevin Rudd described their policies to boost productivity. Abbott said: “restoring the workplace relations pendulum to the sensible centre, that increases…
Company tax reform is on the table, with competing claims of too-high tax rates versus tax-base erosion due to corporate avoidance.
Image sourced from www.shutterstock.com
There are two distinct narratives at the moment around Australia’s company tax rate and its potential reform. The first revolves around a call to lower the company tax rate, which has been at 30% since…
Tasmania is travelling down a more sustainable path.
Paul D'Ambra - Australia
Recent reports would have you believe that Tasmania is a basket case and in desperate need of another bailout. The Fairfax-owned Launceston Examiner recently ran a story headlined “Tasmania’s economy is…
Holden’s Elizabeth plant workers agreed to a three-year wage freeze, but this does not guarantee their future.
AAP
This week’s agreement by 1700 Adelaide Holden workers to a three-year wage freeze may have put the brakes on management’s threats to take operations offshore in the interim, but it does not guarantee their…
Kevin Rudd takes a moment at the Ord River Dam in the Northern Territory yesterday. The dam is part of his three-point “Growing the North” plan, which he unveiled yesterday.
AAP
On a flying visit to Darwin yesterday, Prime Minister Rudd proposed a new initiative “Growing the North: A Plan for Northern Australia”. The Opposition, particularly local Country Liberal politicians…
There are any many reasons why someone might choose to sell assets after moving into retirement, none of which involve tax avoidance.
Image sourced from www.shutterstock.com
Trustees of self-managed superannuation funds (SMSF) may have caught their breath this week when they read that the Australian Taxation Office had its eye on capital gains that were going tax-free once…
The Holden ballot allowed unions to be part of a difficult change process that ultimately demonstrated an alignment of management and worker goals.
AAP
The result of the ballot at Holden this week had workers agreeing to a wages freeze and taking a cut in conditions to preserve their jobs and potentially the very presence of Holden in Australia. Given…
Georgia Tech’s new online Masters of Computer Science substantially undercuts university offerings.
Flickr/IlonkaTallina
For those still believing that MOOCs (Massive Open Online Courses) pose no threat to established universities, Georgia Tech has launched the first accredited fully online Masters of Computer Science based…
Remittance receipts provide a lifeline to more than 40% of Somalia’s population.
AAP
Recently a petition signed by 25,000 people was handed in to UK’s 10 Downing Street urging British bank Barclays to reconsider its decision to close the bank accounts of scores of money remitters. A remitter…
Vast tracts of land remain polluted 25 years after Rio Tinto closed its mine in Bougainville, PNG.
Antony Loewenstein
The story in last weekend’s Sydney’s Daily Telegraph was stark: “[Prime Minister] Kevin Rudd will warn people smugglers he stands ready to create an island from hell in Papua New Guinea housing 10,000…
What are the odds? Bookmaker Tom Waterhouse has sold his online gambling business to UK giant William Hill for over $30 million.
AAP/Dean Lewins
That bookmaker Tom Waterhouse has sold his eponymous company to British bookmaking powerhouse William Hill is no surprise. Waterhouse’s recent very public bid for recognition and market share was widely…
Tony Abbott won’t raise the GST without a voter mandate - a smart move if he wants it to succeed.
AAP
It looks like the GST will feature prominently in yet another election. The government is running a scare campaign on whether the Coalition will raise the GST after the election. In the meantime Tony Abbott…
Can the Coalition deliver its promised 1.5% company tax cut?
AAP
Debate rages on between political adversaries and policy commentators following Tony Abbott’s commitment to cut the company tax rate in Australia by 1.5% from 1 July, 2015. What are the facts behind the…
Fairfax CEO Greg Hywood has attacked the “hubris and triumphalism of James Packer and Lachlan Murdoch”.
AAP
It was not your normal book launch. When Pamela Williams’ book Killing Fairfax: Packer, Murdoch and the Ultimate Revenge was launched in Sydney, James Packer and Lachlan Murdoch turned up to celebrate…
Was chief Kim Williams the victim of a culture clash within News Corp Austraia?
AAP
The announcement of News Corporation Australia chief executive Kim Williams’ resignation has been greeted with surprise. Williams spent 20 months in the job after heading up subscription network Foxtel…
The resignation of News Corp Australia CEO Kim Williams comes at the end of week where the company’s tabloids were criticised for ‘biased’ election coverage.
AAP/Lukas Coch
The first week of what is shaping up to be a great election campaign ended as it began – with the media at the forefront of the agenda. Rupert Murdoch’s News Corp Australia has been firmly in focus all…
The housing bubble is not a ‘risk’ - it’s already here.
Nathan Jongewaard/Flickr
As Australian housing prices have boomed over the last decade and a half, there has been much discussion over whether a bubble exists in the residential property market. More recently, the concern is the…
Fonterra’s association with melamine contamination in baby formula - which claimed lives in China - has dogged the company.
AAP
Although Fonterra has tracked down the contaminated whey protein used in some varieties of infant milk formula, and batches of affected products exported to countries such as China have been pulled off…
Lawrence Summers is a frontrunner to replace Ben Bernanke as US Federal Reserve head; but he is considered controversial.
Flickr/Fortune Live Media
When Ben Bernanke succeeded Alan Greenspan as Chair of the Board of Governors of the United States Federal Reserve in early 2006, macroeconomists were busy trying to understand the “Great Moderation…
Accountants are in an ideal position to guide companies through the green economy.
Image sourced from www.shutterstock.com
With an increasingly complex assortment of green tape and initiatives such as emissions trading schemes, environmental issues are no longer solely associated simply with a corporate conscience; they are…
Women retire with less super than men - but is the answer to increase it?
Image sourced from www.shutterstock.com
Positive sex discrimination, if it occurs at all, tends to be implemented through recruitment quotas to senior positions or boards. Rarely does it take the form of higher remuneration. Yet, financial services…
The internet sent newspapers back to the drawing board.
Achifaifa
Brant Houston, University of Illinois at Urbana-Champaign
Perhaps the proverbial tipping point in US print journalism has been reached. With the US$250m acquisition this week of The Washington Post by Amazon founder and billionaire Jeff Bezos, the US newspaper…