Nick Sherry News
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Prime Minister Julia Gillard promoted Bill Shorten to workplace relations minister, tasking the former union official with helping manage industrial disputes amid criticism by business of government labor laws.
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Australia is “concerned” and “wary” of the debt crisis in Greece, Assistant Treasurer Nick Sherry said, as the Reserve Bank of Australia prepares to set interest rates this week.
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Australia will tighten rules on foreign investment in real estate, and introduce penalties to enforce the changes, to ensure pressure isn’t placed on housing availability for local residents.
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Australia’s banks should increase lending to small businesses to close a gap in the funding market left by the collapse in securitization after the global financial crisis, Small Business Minister Nick Sherry said.
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Australia is “wary and concerned” of the repercussions of the debt crisis in Greece, Assistant Treasurer Nick Sherry said, as the Reserve Bank of Australia prepares to set interest rates tomorrow.
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Australia’s Assistant Treasurer Nick Sherry said he is leading a trade delegation to the Middle East as the South-Pacific nation seeks to attract Islamic finance investment.
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The Australian government will resolve issues raised by industry about the design of the proposed 40 percent tax on the “super profits” of resource projects, Assistant Treasurer Nick Sherry said.
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Australia released draft legislation that would ease capital gains tax liability for shareholders of companies involved in mergers and takeovers.
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Australia’s government will seek the repayment of director bonuses if there is a misstatement about the awards in a company’s financial reports and will take “tougher action” over executive pay, Treasurer Wayne Swan said.
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Australia’s planned 40 percent tax on resource profits will raise more revenue for the government, senior Treasury official David Gruen said, as Prime Minister Kevin Rudd fights to win voter support for the levy.
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