Archived News for Executives and Senior Management

UPDATE 23/09 - Volkswagen has now admitted installing its dodgy emissions test “defeat devices” in 11 million clean diesel cars sold worldwide, the vast majority of which were in Europe.

The company has reportedly set aside $7 billion in the third quarter to deal with the problem.

Probe hears sub-contractors staying silent

A Senate inquiry into construction industry insolvency has heard some sub-contractors are afraid to speak up when they are being ripped-off.

Union trial hears of huge paper trail

Explosive allegations and evidence have been aired at the trade union royal commission.

CFMEU forced to fork out for concrete stoush

The Construction, Forestry, Mining and Energy Union (CFMEU) must pay around $9 million in damages and legal costs to Boral after the union's boycott of the construction company was ruled illegal.

Chevron shifting could be in billions

The world's biggest trade union says US energy giant Chevron has been profit-shifting to drive down the tax it pays in Australia.

Power costs can be covered in anti-carbon switch

A new report from Greenpeace says that for the world to switch from climate-altering fossil fuels to renewable energy by 2050 would cost about $A1.39 trillion per year.

Swisse swings to HK firm for $1.67b

Australian vitamin supplier Swisse has been sold for $1.67 billion to Hong Kong-listed firm Biostime.

Debt reach extending overseas

The Federal Government is pushing to able to collect student debt from Australians living overseas.

Drug study review spots new risks

Fourteen years ago, GlaxoSmithKline published a study claiming the antidepressant paroxetine was safe and effective for teenagers, but now researchers say the opposite is true.

Experts warn about unchecked corruption

Chartered Accountants Australia and New Zealand says companies in both countries are too laid back about corruption, bribery and fraud.

Mining boss digs into women's working issues

Former BHP executive Libby Lyons has been appointed director of the Workplace Gender Equality Agency.

Workplace drug study finds good help lacking

New studies show workplace drug and alcohol policies work, comprehensive policies really work – but mandatory testing alone does not.

Anti-lobbying moves for more SA integrity

New laws have been tabled for SA Parliament consideration that seek to restrict the rapid movement of Senior Public Servants into political lobbying roles.

APRA happy with big banks' stashes

APRA says it is satisfied with the big banks' efforts to boost capital reserves as a protection against a future financial crisis.

Big hit for low-income hinges on budget plans

New figures suggest growth in living standards will dramatically slow in the coming decade, and actually decline for the country's most disadvantaged people.

Migrant community contains untapped innovation

New research has identified the migrant community as an untapped source of innovation and entrepreneurship.

CSIRO ship conscripted for Chevron search

A new deal will see CSIRO’s world-leading science vessel looking for oil in the Great Australian Bight on behalf of Chevron.

China deal stance starts Shorten's run to poll

Extensive media reports this week say the CFMEU is banking on Bill Shorten to win the next election, amid fears the LNP would try to shut the union down if re-elected.

Woodside fails bold bid for more barrels

UPDATE 15/09: The Oil Search executive board has unanimously rejected Woodside’s proposal, saying it was “highly opportunistic and grossly undervalues the company”.

ASIC shift could bring little benefit

Assistant Treasurer Josh Frydenberg has suggested that businesses be “levied” to pay for the Australian Securities and Investment Commission, but one local expert says it would be against the public interest.