Finance

PROFESSIONALS EXPECTING MORE MONEY IN 2016

THE salary drought for Queensland professionals over the past year could be over, with expectations from almost seven in 10 that their salaries will rise in 2016. This represents a surge of 17 per cent from last year, according to a survey released today by specialist recruitment firm Robert Walters. The survey shows that 67 per cent ...

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ACCC PLANS TO BLOCK QANTAS VENTURE

THE Australian Competition and Consumer Commission plans to reject a proposed joint coordination agreement between Qantas and China Eastern. The consumer watchdog says the agreement will allow both airlines to limit capacity or increase airfares on the Sydney to Shanghai route. ACCC chairman Rod Sims says there would be no benefits to...

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PRESSURE ON GOVERNMENT TO CUT COMPANY TAX

AN independent association for tax professionals, The Tax Institute, has called on the federal government to cut the company tax rate by 2 per cent.

Included in the Institute’s 2014-2015 federal budget submission, was a request for a cut in the company tax rate as well as a reform of state taxes to create a more efficient tax system whi...

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ANZ INVESTS $2 BILLION INTO SMALL BUSINESS

ANZ will lend $2 billion to small businesses in the next year, to stimulate national enterprise and economic growth. The loans will be supported with business transaction accounts, merchant products, financial planning advice, foreign exchange and trade finance. General manager of small business Kate Gibson says it’s important to back...

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TRANSPACIFIC SELLS NEW ZEALAND BUSINESS

TRANSPACIFIC Industries Group Ltd (ASX:TPI) plans to sell its New Zealand business to a wholly owned subsidiary of the Beijing Capital Group for NZ$950 million (approximately A$880 million). Beijing Capital Group is one of China’s leading state-owned infrastructure enterprises with expertise in water treatment, waste management, mas...

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