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Major banks have to face climate stress tests, regulator says

Major banks have to face climate stress tests, regulator says

by Shared by The Age | Feb 23, 2020 | News

Banks will have to undertake stress tests to measure their resilience to a broad range of scenarios, including “climate change financial risks,” the Australian Prudential Regulation Authority said in a statement on Friday. Read more at The...
Lower taxes lauded as Treasurer doubles down on budget

Lower taxes lauded as Treasurer doubles down on budget

by Shared by Nestegg | Feb 23, 2020 | News

In a recent interview, Josh Frydenberg remarked that the nation has “faced one after another economic events which have been outside of our control, which has adversely affected the budget bottom line”, but applauded what he sees as a “remarkably resilient” economy....
ATO set to design out-of-office myGovID access control

ATO set to design out-of-office myGovID access control

by Shared by Accountants Daily | Feb 23, 2020 | News

With myGovID and Relationship Authorisation Manager (RAM) to replace AUSkey and Manage ABN Connections after 27 March, the ATO has heard increasingly from practitioners who are concerned with the ability for staff to access client information through online services...
Retail rents squeeze small stores out of shopping centres

Retail rents squeeze small stores out of shopping centres

by Shared by the ABC | Feb 19, 2020 | News

For example, GPT, which has centres such as Rouse Hill Market Town in north-west Sydney and Melbourne Central in the heart of Melbourne, saw income from its retail division flatline last year. Read more at the ABC.
Are superannuation funds turning their back on the environment?

Are superannuation funds turning their back on the environment?

by Shared by Nestegg | Feb 19, 2020 | News

The latest ACCR report compared the publicly available proxy voting records of 50 of the largest superannuation funds, looking at 135 climate change related shareholder proposals.  Read more at Nestegg. 
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