Australia a safe haven for illicit funds, report finds
Australia hosts significant quantities of illicit funds from outside the country, according to the 2015 Financial Secrecy Index.
Stock Ticker
- AGL AGL ENERGY LIMITED. -1.44%
- AIO ASCIANO LIMITED -1.22%
- AMC AMCOR LIMITED -1.17%
- AMP AMP LIMITED 0.00%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -2.32%
- APA APA GROUP -0.54%
- ASX ASX LIMITED -1.19%
- AZJ AURIZON HOLDINGS LIMITED -1.35%
- BHP BHP BILLITON LIMITED -0.96%
- BXB BRAMBLES LIMITED -0.10%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -2.12%
- CCL COCA-COLA AMATIL LIMITED -1.43%
- CPU COMPUTERSHARE LIMITED. -0.83%
- CSL CSL LIMITED -1.59%
- CTX CALTEX AUSTRALIA LIMITED 0.19%
- CWN CROWN RESORTS LIMITED 1.83%
- DXS DEXUS PROPERTY GROUP -1.55%
- GMG GOODMAN GROUP -1.15%
- GPT GPT GROUP -0.84%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -1.25%
- IPL INCITEC PIVOT LIMITED -2.02%
- JHX JAMES HARDIE INDUSTRIES PLC -0.38%
- LLC LEND LEASE GROUP -1.08%
- MGR MIRVAC GROUP -0.55%
- MPL MEDIBANK PRIVATE LIMITED -0.85%
- MQG MACQUARIE GROUP LIMITED -4.40%
- NAB NATIONAL AUSTRALIA BANK LIMITED -1.76%
- NCM NEWCREST MINING LIMITED -2.44%
- ORG ORIGIN ENERGY LIMITED -2.73%
- ORI ORICA LIMITED -1.09%
- OSH OIL SEARCH LIMITED -0.76%
- QBE QBE INSURANCE GROUP LIMITED -1.89%
- RHC RAMSAY HEALTH CARE LIMITED -0.90%
- RIO RIO TINTO LIMITED 0.22%
- S32 SOUTH32 LIMITED -2.05%
- SCG SCENTRE GROUP -0.72%
- SEK SEEK LIMITED 1.48%
- SGP STOCKLAND -1.24%
- SHL SONIC HEALTHCARE LIMITED -1.56%
- STO SANTOS LIMITED 1.88%
- SUN SUNCORP GROUP LIMITED -1.22%
- SYD SYDNEY AIRPORT -0.62%
- TCL TRANSURBAN GROUP 0.19%
- TLS TELSTRA CORPORATION LIMITED. -1.85%
- VCX VICINITY CENTRES -0.34%
- WBC WESTPAC BANKING CORPORATION -2.45%
- WES WESFARMERS LIMITED -1.27%
- WFD WESTFIELD CORPORATION -1.37%
- WOW WOOLWORTHS LIMITED -2.12%
- WPL WOODSIDE PETROLEUM LIMITED -0.03%
Key Stories
Markets Live: Rates and races
Live
ASX set to snap six days of losses after Wall St jumps, ahead of the RBA rates decision.
Macquarie enters world's top 50 funds
Macquarie's transformation from investment bank to global asset manager has shown up again in Towers Watson's annual top 500 fund survey.
Big four can't bank on big growth
Are the halcyon days for super sized bank profits over?
Hartzer sharpens razor at Westpac
Westpac Banking Corp will take a harder line on costs to preserve shareholder returns, as it expects credit growth to be 'lower for longer' despite recent signs activity is picking up.
The biggest problem with driverless cars
A big challenge in designing driverless cars is to build in technology which takes into account human driving styles where there is regular minor rule-breaking.
Tinkler to heed 'lessons learned'
Former coal baron Nathan Tinkler says he has taken the helm of an ASX-listed coal miner for the first time because of "lessons learned" during his time in the industry.
- Retail Grocers lose $8 billion in three days
- The Economy COMMENT RBA to stay on hold as animal spirits stir
- The Economy Get rid of stamp duties, increase land tax
- CBD The Melbourne Cup money is on...
- Media & Marketing Elizabeth Knight Optus' EPL strike changes the game
Market Indices
Last updated: November 3, 2015 - 9:15AM
Last updated: November 3, 2015 - 9:15AM
Last updated: November 3, 2015 - 9:15AM
Last updated: November 3, 2015 - 9:15AM
The biggest problem with driverless cars
A big challenge in diverless cars is to build in technology which takes into account human driving styles.
In Depth
Three things investors need to know for the week ahead
Bets are mounting on the chance of an interest rate cut by the Reserve Bank on Tuesday.
Wine wars: Is cheap wine too cheap?
The price of wine could rise if the Turnbull government proceeds with changes to the way Australian wine is taxed.
Shell makes biggest net loss in a decade
Royal Dutch Shell reported its biggest net loss in at least a decade as it wrote down the value of assets and lowered its oil-price expectations.
Workplace
Payout after arrest on accessory to murder charge
Armidale butcher ordered to pay six weeks' wages after sacking found to have breached Small Business Fair Dismissal Code.
Domestic violence: the impact at work
Thousands of women (and probably some men) are having their livelihood ruined by forces beyond their immediate control.
Markets
China the winner in 'new' investment era
The end of 2015 also marks the end of an investment era and it is China that stands to benefit the most as it transitions to more sustainable growth, says global asset manager Alliance Bernstein.
Alcoa pares smelting, refining capacity as aluminium falls
Alcoa stepped up efforts to close higher cost smelting and refining capacity as a global glut batters the price of the metal.
Turkish lira surges on Erdogan's election win
Turkey's lira surged after the political party that President Recep Tayyip Erdogan co-founded swept back into office.
- Nasdaq 100 reaches 15-year high on broad rally
- Economic stimulus failing to spur growth
- Oil price drops as Russian output climbs
- Aluminium traders closing out bearish bets
- need2know: Is losing run set to end?
- SocGen slams 'charade' of reporting season
- Soros said to pull $US490m from Gross fund
- Templeton loses interest in Aussie sovereign bonds
Ore stockpiles swell in China, signalling more losses
Search Quotes & Charts
The Economy
Economic stimulus failing to spur growth
Massive monetary stimulus from Chinese and European central banks has done little to spur factory growth.
Chinese tourists to overtake NZ
Chinese tourists are poised to overtake New Zealanders as Australia's most common visitors within five years, according to the government's tourism researcher.
Retail
Queenslanders 'biggest fans' of home brands
Queensland is the home brand capital of Australia, new consumer research has found.
Supermarket shoppers switching in droves
Half of Australia thinks it can get cheaper groceries by switching supermarkets, and about one in four of us have already switched.
Banking & Finance
Big banks tipped to pass on RBA cut
If the Reserve Bank lowers official interest rates to a new record low on Melbourne Cup day this week, analysts say big banks would pass on the bulk of the cut to borrowers.
Buckle down for volatility in 2016, warns BT Financial Group
BT Financial Group says investors need to be prepared for more volatility.
Mining & Resources
Alcoa pares smelting, refining capacity as aluminium falls
Alcoa stepped up efforts to close higher cost smelting and refining capacity as a global glut batters the price of the metal.
Climate change a leading threat to India's Economy, Modi aide says
Climate change is the top threat to the world's fastest growing major economy as erratic monsoon rains cause distress in a sector that employs more than half of India's billion-plus population, the country's junior finance minister said.
World Business
Australian class action against VW could reap $5b
More than 90,000 Australian owners of Volkswagen diesel cars could be refunded up to $5 billion, after the car giant was hit with a class action.
Shell makes biggest net loss in a decade
Royal Dutch Shell reported its biggest net loss in at least a decade as it wrote down the value of assets and lowered its oil-price expectations.
China
The big bear stalking China's market
There's a big China bear out there in the market and it's leaving some remarkably large and intriguing footprints in the Hong Kong options market.
Will China's 'two-child' policy affect Australia?
China's decision to abolish its controversial 'one-child' policy will take years to work its way through the economy, and will not solve the problem of its ageing population, experts say.
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Property Focus
Microsoft Sydney opens next month
It's looming as the battle between Windows and iPhones, as the giant Microsoft enters the Australian market in a prime City spot, to take on the equally powerful Apple, located just around the corner.
Sydney skyline bustles with cranes
The Sydney CBD is getting hot with more cranes being erected to cater for the increased developments that are awaiting approval by the City of Sydney.
Industrial property under the spotlight
Sydney's industrial available space (more than 5000 square metres) declined by 12 per cent in the October quarter to a series low of 502,337 square metres.
Perth apartment magnate bursts onto BRW Young Rich list
Sydney building boom worth $7b and counting
If the Sydney skyline looks full of cranes right now, hang on to your hard hats, as there are more than $7.4 billion of new projects in the pipeline.
Executive Style
How to be a Cup Day champagne expert
Will you be popping a cork to celebrate the big race? Actually, you really shouldn't. Here's why.
Money
Battle of the supermarket loyalty cards
Coles versus Woolworths: which loyalty scheme is better and how do they stack up on price?
Young Aussies out of financial control
​Twenty-three-year-old Daniel Wroby had never heard the term "financial literacy" until this year. He is not alone.
Small Business
Indigenous business going great guns
New research shows Indigenous entrepreneurs are making their mark in a diverse range of industries.
More to a business than a name
Should legal documents, contracts, letterheads and invoices include your ABN, ACN or business name?
Business Video
Government looks at New Zealand-style GST
Treasurer Scott Morrison says the idea to increase the GST to 15 per cent is not official policy and sits at the "extreme end" of the options available to the government as it mulls a tax reform package ahead of the next federal election.
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Comment & Analysis
The smart Melbourne Cup money is on...
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Growth is hard to bank on
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This article contains a video.
EPL marks new Optus v Telstra battleground
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