Slash red tape to help farmers, Productivity Commission says
Significant reductions in red tape and regulation in native vegetation laws, animal welfare and foreign investment areas is needed to make it easier for farmers to do business, the Productivity...
View ArticleIllegal foreign buyers pay less in fines than cost of Sydney home
In the first seven months after tougher penalties for illegal foreign property investors were introduced the Tax Office collected less in fines than the cost of an average Sydney home.
View ArticlePetrol profit margins at record highs: ACCC
Retailers are making record profit margins on petrol, even though motorists are paying the lowest pump prices in 14 years, a new report finds.
View ArticleConsumers name bond battles, whitegoods and airlines in top complaints
Consumer complaints are increasing and problems with tenancies and retailers are topping the list of worst offenders. Here are some post-purchase gripes that might sound familiar and some advice on how...
View ArticleQueensland Government moves to make Easter Sunday a public holiday
The Palaszczuk Government is moving to make Easter Sunday a public holiday in Queensland from next year, with Employment Minister Grace Grace saying most people assume it already is.
View ArticleForeign investment regulator takes job with private equity firm
The current head of Australia's Foreign Investment Review Board takes on a concurrent role with the Asian branch of a global private equity buyout firm.
View ArticleAsbestos found in second batch of materials for Queensland Government tower
More building materials destined for the Queensland Government's new Executive Building in Brisbane test positive for asbestos.
View ArticleMonsanto, Bayer AG in $US66b deal to create world's largest seed and chemical...
German pharmaceutical and chemical giant Bayer AG finally strikes a deal to buy out American biotech company Monsanto — but the deal, dubbed a "marriage made in hell" by Bernie Sanders, needs to clear...
View ArticleBHP Billiton vows to keep fighting ATO over $1b tax bill
The world's biggest miner BHP Billiton vows to keep fighting the Australian Tax Office over a $1 billion tax bill mainly involving its Singapore marketing office.
View ArticleKen Rosewall fronts liquidators' hearing for collapsed BBY firm
Tennis legend Ken Rosewall tells a Supreme Court hearing into the collapse of broking firm BBY he had concerns about the financial viability of the firm as far back as 2011, four years before its...
View ArticleANZ settles with Indian tycoons over $1.5b dispute
ANZ Bank reaches a commercial settlement with Indian tycoons Pankaj and Radhika Oswal over a dispute about the winding up and sale of their Australian fertiliser business Burrup Holdings.
View Article'It's an art': BBY chairman told psychic of insolvency fears
The NSW Supreme Court is presented with emails and text messages between BBY chairman Glenn Rosewall and his psychic advisor in 2011 about concerns the company faced insolvency, shortly before $12...
View ArticleASX shutdown caused by 'unprecedented' malfunction
An "unprecedented hardware malfunction" caused the Australian share market to shut down on Monday, according to a report on the disruptions released by the ASX.
View ArticleBanks facing $180m compensation bill for gouging fees without advice
The compensation bill to bank customers who were charged for services they never received skyrockets to $180 million and could still go higher.
View ArticleQueensland awnings 'should be inspected' after man crushed to death
All awnings over public land in Queensland should be urgently inspected following the death of a man on the Gold Coast who was crushed by a falling awning, a Queensland coroner recommends.
View ArticleYou don't own your own data, but you should have access to it: Productivity...
Consumers are warned they do not own the private data governments and private companies hold about them, but the Productivity Commission is calling for the legal right for people to access it.
View ArticleWind farms 'hung out to dry' by energy market operator
The organisation that manages the national electricity market is accused of hanging the wind industry out to dry to protect its own reputation after the recent statewide blackout in South Australia.
View ArticleRio executive suspended amid African payments investigation
Mining giant Rio Tinto suspends a senior executive after an investigation finds $US10.5 million was paid to a consultant providing "advisory services" on a project in the African nation of Guinea.
View ArticleFears taxpayers may foot clean-up bill at Linc Energy's failed UCG site at...
The Queensland Government warns taxpayers could be left with the clean-up bill at a failed UCG site on the Western Downs if liquidators are successful in a court challenge.
View ArticleBanking rules give big four a $19b head start over rivals
The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans.
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