Treasury targets intra-group debt

The tax treatment of debt in Australia may be the subject of another review, with the release of a Treasury paper on "risks to the sustainability of Australia's corporate tax base." The paper revisi.. read more

Mint now a merchant acquirer

Mint Wireless has entered a "wholesale merchant acquiring partnership" with Bendigo and Adelaide Bank to support the entry of the Sydney-based firm into the Australian market. read more

AFG 'not for sale'

Brett McKeon, managing of director of Australian Finance Group yesterday set out to scotch talk the company was for on the market. "Quite simply, AFG is not for sale," he said in a statement. read more

GE proves a litigious creditor

The creditors most frequently seeking default judgments for debts up to $10,000 are local councils, consumer credit providers, trades' suppliers, debt collection agencies, media/advertising busines.. read more

Macquarie takes Next ATM step

Macquarie Bank is once again an investor in the automatic teller machine sector in Australia, taking a 49 per cent stake in Next Payments. read more

CBA makes pay offer

Commonwealth Bank has proposed a pay rise for select staff of 3.75 per cent in this financial year, though workers judged to "require development" will get a rise of only two per cent. read more

RBA manager pleads guilty to theft

A former facilities manager of the  Reserve Bank of Australia, Megha Mizerni, has pleaded guilty to one count of obtaining property by deception in the County Court of Victoria, The Age reporte.. read more

Drawbacks to dividend binge

Endeavours by bank boards to pander to demands from investors for higher dividends need to be handled with care, Moody's Investors Service cautions. read more