"Responsibility and accountability are personal not commercial constructs and, notwithstanding the latest knee-jerk reaction to the money laundering scandal, these values have been in very short supply in CBA, over the last decade."
- The Conversation.
Recently, the Commonwealth Bank of Australia was embroiled in an unpleasant public relations debacle over allegations of money laundering with affiliation to terrorist organisations, leaving CBA shareholders as the major victims of the scandal. Share prices fell dramatically after the announcement, with shareholders faci
15 October 2017 |
Memo to TV producers, Australia has enough material for its own version of Yes Minister. The Turnbull government's botched recruitment drive to pick a new head to run the corporate regulator would provide rich material for the first episode.
Here we are just four weeks from Australian Securities and Investments Commission chairman Greg Medcraft's departure and the lead candidate, John O'Sullivan, has withdrawn his application "with great regret" after coming under increasing fire from the opposition over his strong connections to the Liberal Party.
11 October 2017 |
Alicia Keir is in her final year of a teaching degree and expects that it will take about two years to find a full-time job once she graduates, but is worried it could take much longer.
"I know people who go up to seven years without finding a permanent position," said Ms Keir, 26, who is studying primary education at the University of Newcastle and lives in Sydney's south-west.
09 October 2017 |
South Australian Premier Jay Weatherill has warned that changes to GST distribution will “sacrifice fairness” and cost his state hundreds of millions of dollars a year.
Tasmanian Treasurer Peter Gutwein has similarly vowed to fight any changes after federal Treasurer Scott Morrison welcomed a draft Productivity Commission report which has called for an overhaul of GST payments to the states and territories.