By Julian Bajkowski Australian councils burned by toxic investments in collateralised debt obligations (CDOs) from collapsed bank Lehman Bros. have escalated their legal action and will try and rope-in ratings…
Tag: finance
Digital plug for Australia Post’s $400 million revenue hole
By Julian Bajkowski Australia Post will need to increasingly expand its business into markets normally serviced by the private sector to remain financially sustainable and continue to provide traditional postal…
Government saves $13b in business dealings
Minister for Finance and Deregulation Senator Penny Wong said the Federal Government has reshaped its approach to public sector spending, to include efficient delivery, improved organisational efficiency, removing duplication and…
ACT economy stands out from other states
The Australian Capital Territory continues to have one of the strongest economies in the nation, according to an economic performance report by financial giant, Commonwealth Bank. According to the…
Twenty-first century services on a nineteenth century rate base
By Jane Garcia in Leura The Local Government and Shires Association of NSW (LGSA) launched its State Election Policy Platform at the Local Government Association’s (LGA) annual conference held in…
Half of WA’s councils are financially unsustainable: report
By Jane Hammond in Perth Most councils in Western Australia are in dire financial straights with more than half found to be financially unsustainable by an independent study commissioned by…