-News for the week that was in Finance-
Covid News
- -Great news for VIC
- -NSW not so much
- -Covid Supplement to extend well into 2021?
ATO
- $120m clawed back Jobkeeper Payments from ineligible clients
ABS data on consumer prices
- Inflation has increased 1.6%
Carbon Neutral Targets
- Coal and natural gas purchases in Australia in danger as overseas governments adopt this stance.
ANZ has also announced a carbon neutral plan
- No assistance to finance coal and thermal plants
- No longer providing services to businesses whose rev (10%) is made up of coal / thermal.
- ANZ policy also applies to the construction of large scale office buildings - where loans will only be provided if they had a 5 star energy rating.
Wine exports has increased by 4% - despite all the rumours
Banking news
- ANZ - $500m cash profit hit
- NAB - Staff underpaid hits profits
- ABL - Board of ABL takes a paycut
And more!