Australian companies with more than 100 employees will have to reveal their gender pay gaps as part of new income equality legislation passed by the nation’s Parliament on Thursday.
Australia’s A$250 billion ($165 billion) sovereign wealth fund is seeking stock pickers once again as global market upheavals make outperformance more elusive.
Some Australian super-fund managers are concerned bonds and equities are vulnerable and instead are turning toward commodities to guard against the prospect of global stagflation.
UniSuper, one of Australia’s largest pension funds, has reported that investments across its A$115 billion ($77 billion) portfolio are more harmful to the environment than previously estimated.
Six months on from its Australian pension debut, Vanguard Group Inc.’s report card shows the daunting challenge of taking on a A$3.4 trillion ($2.3 trillion) industry.
Good morning, it’s Amy and Adam here bringing you a special edition of Australia Briefing. From today, our newsletter will arrive in your inbox every weekday. To mark our daily launch, we’re inviting you to watch our Australian team’s first ever documentary, Bushfire Babies, screening as part of our global Bloomberg Investigates series. Today’s must-reads:• Chinese buyers back for property• Unemployment unexpectedly up• Super fund’s higher emissions
Good morning, it's Amy here in chilly Melbourne with all the news you need to start your week. Today’s must-reads:• PwC faces prospect of parliamentary scrutiny• Minister wants wage boost • Reducing emissions in New Zealand
Investors across Asia earmarked China’s ballooning levels of municipal borrowing as the region’s number one financial risk this year in a survey that ranked their biggest concerns.
Australia’s largest pension fund AustralianSuper has frozen all future contracts with PricewaterhouseCoopers as it assesses the fallout of the embattled accounting firm’s tax advice scandal.