The swagger’s back: Commonwealth Bank announces $7.3b profit

The Commonwealth Bank reports a $7.3 billion half year profit, as other corporates feel the impact of COVID-19.  But the market’s reaction to CBA’s result has been interesting. Also today: A stunning contraction in the British economy Wages growth in Australia slows to its weakest level in 23 years And cyber security laws come under the spotlight Plus an interview with Australian Hotels Association CEO Stephen Ferguson about the plight of the hotels sector.
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Categories: Media Release.

AHA appointed to lead IR reform for accommodation and hospitality industries

The Australian Hotels Association (AHA) has been appointed by the Federal Government as the peak Accommodation and Hospitality industry body to lead the sectors contribution and guidance in two key working groups tasked with overhauling Australia’s industrial relations system. AHA National CEO Stephen Ferguson said having Australia’s peak accommodation and hospitality industry body as the lead organisation for the sector, was a unique opportunity to reform Australia’s employment law system which has rightly been described as no longer fit for purpose.   “For decades the AHA and its subsidiary Tourism Accommodation Australia, has shown itself to be the sectors leader as a
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Categories: Media Release.