Overdue reformation for Church funds

Little scrutinised deposit-taking entities, many of them run by Churches, will be subject to more restrictions - but no more scrutiny - under proposals released on Friday by the Australian Prudential.. read more

SMSFs sold on borrowing

Close to one fifth of self-managed superannuation funds have borrowed to invest in real property, a study of the sector by ASIC suggests. read more

Miners shun banks

Debt comprises only 12 per cent of the funding for mining companies, with bank debt accounting for only one third of that amount, research by the Reserve Bank of Australia shows. read more

RBA reluctant to pay dividend

Some of the tension between the Reserve Bank of Australia and the Treasurer over the ability of the RBA to pay dividends is aired in documents released by the RBA under the Freedom of Information l.. read more

Bill Express CFO jailed

The Victorian Court of Appeal yesterday sentenced Peter Couper, the former chief financial officer of the parent company of Bill Express, to 22 months in jail (to be released after 60 days) and fine.. read more

Australian banks 'enjoy government subsidies'

Australian banks enjoy "a range of indirect government subsidies", according to an overview of the local industry prepared by the United States' embassy in Canberra in 2009. Wikileaks fostered acces.. read more