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NEED TO KNOW

Economy

Expectations that the EU’s sustainability reporting rules will become the market favourite are leading accountants to get their organisations to comply.

The Senate committee’s final report puts sector-specific divestiture powers, a federal competition commission, and a reverse merger approvals test back on the table.

The OECD has prescribed restrictive monetary policy and productivity-enhancing policy measures to boost Australia’s medium-term economic growth.

The corporate regulator has expanded its approach to greenwashing compliance to consider problematic governance frameworks, adding that financial services “gatekeepers” should be on notice.

Industry groups have doubled down on their opposition to the government’s push for an inflation-geared wage hike following a disappointing March quarter.

The corporate regulator will take a “pragmatic approach” to administering the new reporting standards, though putting off the preparations is “not an option”.

An interest rate cut is unlikely to occur until next year now with the consumer price inflation data for March above market expectations.

A range of witnesses to a parliamentary hearing have raised concerns over the minister’s powers to create new reporting requirements for matters beyond sustainability.

Days after the ACCC announced it would launch its first greenwashing court case, a Senate inquiry heard that the government is incentivising greenwashing.

Outgoing chief executive Brad Banducci’s “cherry-picking” of financial data was an attempt to obfuscate from the company’s price gouging efforts, senator says.

A letter circulated on Chinese social media has claimed PwC partners had turned a blind eye to the fraudulent financial reporting of the property giant once thought too big to fail.

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