The once beleagured technology products distributor Hills Ltd says it has signed new finance facilities worth more than $50 million. The loans involved comprise a $36 million facility from Assetsecure, and $15 million from the Commonwealth Bank.
Australian public servants are increasingly at risk of being blackmailed by cyber criminals who threaten to expose their personal details, according to Chris Pogue, a member of the US Secret Service Electronic Crimes Task Force.
The Australian Tax Office faced a lengthy outage to its Web site and online services yesterday. An ATO spokesman said no taxpayer information had been compromised and claimed the problems were due to hardware issues and did not appear to have been caused by any external factors.
CANBERRA - Several multinational companies have approached the Australian Taxation Office to negotiate before the Coalition Government's tougher anti-avoidance laws take effect in January, tax commissioner Chris Jordan has said in opening remarks to the Senate inquiry into corporate tax avoidance.
TOKYO - Canon is struggling to sell cameras in a market which sees smartphones now leading 13-to-1 in shipments. Worldwide shipments of cameras have fallen to a 10-year low as consumers increasingly take pictures with phones from Apple and Samsung.