The NEG won’t stop the unstoppable march of renewable energy

The NEG won’t stop the unstoppable march of renewable energy

The National Energy Guarantee won't stop the march of renewable energy and with an intense focus on competition it shouldn't further entrench the market dominance of Big Power. It won't do much to accelerate the shift to clean energy either – unless a future government sharply increases the level of emissions reduction ambition – or…
Woolworths and Coles embracing digital wallets

Woolworths and Coles embracing digital wallets

Grocery retailers Woolworths and Coles are moving quickly to embrace digital payments as shoppers increasingly shop with their mobile phones and leave their wallets at home. After reaching agreement with Apple last September to store Woolworths Rewards loyalty card details on Apple's digital wallet app, Woolworths has now extended the service to Google Pay. Android…
Malcolm Turnbull to pay the price for NBN fail

Malcolm Turnbull to pay the price for NBN fail

As report cards go, S&P's assessment of the national broadband network is one of the more scathing F's for fail. The report from the global credit ratings agency criticises NBN Co's pricing structure and its impact on the whole telecommunications industry. But most of all S&P condemns the policies which have produced the current mess…
Why a talent war looms amid the financial advice mess

Why a talent war looms amid the financial advice mess

The idea that financial advisers could be among the most sought-after employees in a few years time seems slightly preposterous, given the way the royal commission has widened the trust gap between the sector and the community. But the numbers support that case, which was made by BT Financial Group's general manager, Michael Wright, during…
Commercial property sentiment wanes:

Commercial property sentiment wanes:

Sentiment in the commercial property market has fallen as the outlook in the booming hotel sector eased and retail expectations remain negative, according to a quarterly National Australia Bank survey. The index overall - covering the office, retail, industrial and CBD hotel sectors - fell four points to 17 in the 2018 second quarter but…
Why working in industry is harder than being a consultant

Why working in industry is harder than being a consultant

It wasn't until Deloitte partner Alon Ellis spent a few years in a full-time industry role that he fully appreciated what it was like working on the client-side and having to deal with external advisers. "The stereotype of life in industry being a breeze is complete BS. The hours were pretty similar to consulting, but…
CPA paid PwC’s Strategy& $600,000 for CPA Advice report

CPA paid PwC’s Strategy& $600,000 for CPA Advice report

CPA Australia paid big four accounting firm PwC almost $600,000 to produce a report that concluded there was not enough demand for the accounting body's financial planning arm CPA Australia Advice to ensure its financial viability. The accounting body has used the PwC report as the justification for its decision last week to shut down the loss-making…
God, ethics and credit default swaps

God, ethics and credit default swaps

Kenneth Hayne's focus on the ethical failings in Australia's financial system echoes the efforts by Pope Francis to call out the allegedly immoral activity in global financial markets by high-frequency traders and speculators in complex interest rate derivatives. There are uncanny parallels between the impact of the Hayne inquiry and the international response to a…
How SA’s Mayo went from ‘safe Liberal’ to ‘safe non-Labor’

How SA’s Mayo went from ‘safe Liberal’ to ‘safe non-Labor’

by Rob Manwaring As hard as it is for some South Australians to admit, the state tends to remain peripheral to federal elections and politics. Ironically, this is a growing problem as the overall number of federal seats in SA is culled from 11 to 10. At the last three federal elections, very few seats…
No escaping drought misery as farm spending dries up

No escaping drought misery as farm spending dries up

NSW farmer Richard Rice is typical of thousands of others across Australia who have put their businesses into survival mode. The family's mixed farming operation near Parkes in the state's central west is doing everything it can to cut costs. They scaled back this year's cropping program because of dry conditions and are wary of throwing…

Must Read

- Advertisement -