Bank deposit levy locked in

The Australian government is planning to proceed with a tax of five basis points on bank deposits to be announced in the May Budget, the Financial Review reported on Saturday. read more

Macquarie fined by SEC for underwriting breach

The US Securities and Exchange Commission on Friday said it laid charges against Macquarie Capital for underwriting a public offering "despite obtaining a due diligence report indicating that the Chin.. read more

Abbott slaps China one more time on AIIB

After months of indecision, preceded by outright opposition, the Australian Government yesterday said it would sign a memorandum of understanding on the Asian Infrastructure Investment Bank, which wou.. read more

Foreign flows fan property risks

The Reserve Bank of Australia pointed to a "search for yield behaviour underpin[ning] strong investor demand for commercial property assets, particularly from offshore investors," as a key financial r.. read more

Racism delves into Australian payments

"Cashless" debit cards will be distributed to select welfare recipients by Centrelink, as the Australian government moves to trial one element of a plan outlined by mining magnate Andrew Forrest last.. read more