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Australia progresses climate transition disclosures, planning

KARREN VERGARA  |  MONDAY, 23 JUN 2025  |  NEWS
... (IMF) categorises fossil-fuel subsidies into explicit and implicit forms. Explicit subsidies are direct government payments or tax breaks that lower the cost of fossil-fuel production or consumption, while implicit subsidies arise from under-pricing ...

Australia's sustainable finance taxonomy launches

KARREN VERGARA  |  FRIDAY, 20 JUN 2025  |  NEWS
The Australian Sustainable Finance Institute (ASFI) has launched the nation's sustainable finance taxonomy and will be trialled by the likes of HESTA, Rest, Westpac and Moody's Ratings. The sustainable finance taxonomy aims to support the credible allocation ...

Super moves: TCorp, ESSSuper, Funds SA, Team Super

ELIZABETH FRY  |  THURSDAY, 5 JUN 2025  |  NEWS
... transfer pricing consultant at EY, where he navigated the complexities of multinational business structures and cross-border tax compliance. Meanwhile, ESSSuper has appointed Adam Swanwick as head of risk and compliance to enhance its governance capabilities. ...

Australia must address climate adaptation finance gap: Experts

KARREN VERGARA  |  THURSDAY, 29 MAY 2025  |  NEWS
Australia currently suffers from a lack of investment in adapting to a renewable and climate-resilient future, according to experts, who graded the nation's efforts and transition plan as somewhat of a mixed bag. At the annual Responsible Investment ...

Calls for government to strike while green iron is hot

JAMIE WILLIAMSON  |  MONDAY, 26 MAY 2025  |  NEWS
... recommendations of how to address the issues hampering green iron's potential. These include: Introducing a green iron production tax credit of at least $170 per tonne that would simulate a carbon price. Provide up to 30% of the capital needed to accelerate ...

Public sector pay gap revealed

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025  |  NEWS
The Workplace Gender Equality Agency (WGEA) published the gender pay gaps for 120 public sector employers and two corporate groups for the first time following legislative changes in 2023. The data includes details of the gender pay gaps for well-known ...

Clean energy transition a top priority for productivity: PC

ELIZA BAVIN  |  MONDAY, 19 MAY 2025  |  NEWS
... economy." The reform areas the PC is seeking input on include increasing business investment through reforms to corporate tax, getting clean energy infrastructure built faster by speeding up approvals, and promoting prevention in care industries through ...

State insurer names new CIO as government review looms

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025  |  NEWS
... officer, Steed will be responsible for the organisation's investment operations, financial control, financial reporting, tax, external audit process, and corporate strategy. The new operating chief joined the super fund as its general manager in ...

HESTA divests MinRes over ongoing governance issues

JAMIE WILLIAMSON  |  MONDAY, 12 MAY 2025  |  NEWS
... after it failed to take appropriate action over concerns HESTA had about the company's governance, including allegations of tax evasion and misuse of company resources - primarily involving founder and managing director Chris Ellison. HESTA said it will ...

Richest 10% drive global warming: Research

KARREN VERGARA  |  FRIDAY, 9 MAY 2025  |  NEWS
... contributions can inform policy interventions," the researchers said. "For example, deliberation over a coordinated global wealth tax can draw on this work, illustrating the climate co-benefits of attenuating stark wealth-based disparities in climate ...
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