Big batteries win taxpayer support after hectic auction
Big batteries with enough energy storage to power one million homes have been selected for taxpayer funding in the first round of a capacity investment scheme.
Economy, Business and Finance
APRA fight with CFMEU-linked super fund ‘unreasonable’
Moves by the financial regulator to impose stricter conditions on a super fund connected with the CFMEU will be attacked in the Federal Court.
Construction boss guilty of $10m fraud in marathon case
A Sydney construction boss and four others have been found guilty of a conspiracy to defraud the tax office of more than $10 million over two years.
Jury mulls $13m tax fraud after crime proceeds verdicts
A jury is still grappling with conspiracy charges in a $13 million tax fraud despite finding a construction boss and others guilty of dealing with dirty money.
Rising livestock prices behind agricultural growth
Rising red meat prices and strong seasonal conditions are driving growth, with agricultural production expected to hit $86 billion this financial year.
Warning for national housing target after approval data
Peak construction bodies have warned that a boost in building approvals in July was not enough to hit the national target of 1.2 million new homes by 2029.
How electric cars could drive renewable energy change
Motorists could support Australia's national electricity grid by using their cars as batteries, a report says, but policies and standards need to change.
Economy yet to turn a corner as higher rates bite
Australia is expected to post its slowest annual economic growth rate outside of the pandemic lockdowns since the 1990s as inflation persists.
Economy ‘nowhere near recessionary’ despite predictions
Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.
Star takes another hit as shares suspended from trading
Star Entertainment has suffered another blow with its shares temporarily suspended from trading after the casino operator failed to file its earnings report.
Housing approvals bounce back but market still subdued
Housing approvals have risen 10 per cent off the back of a surge in new apartments as opposition parties release policies to tackle the housing crisis
Brickies missing millions? Cbus Super recovers record amount for hardest hit industry
If you are a labourer, you could be missing thousands of dollars in unpaid super, according to new research.
Tax cuts put away for rainy day as spending spree ends
After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.
Businesses to unleash unsupervised AI within 3 years
Generative AI tools are doubling in popularity among executives, research has found, and most are preparing to deploy the technology without oversight.
Indigenous businesses ‘very healthy’ as sector grows
Indigenous businesses are in a great position to harness opportunities presented by the 2032 Olympic Games, as the sector records "very healthy" growth.
Casino precinct opens but yet to catch a falling Star
An eight year wait is finally over with the Brisbane's $3.6 billion Queen's Wharf entertainment precinct finally starting a staged opening.
Budget bliss as Kmart brand helps bag Wesfarmers profit
Australian conglomerate company Wesfarmers has lifted its profit by 3.7 per cent on the previous year as consumers snapped up affordable products at Kmart.
Qantas releases the loyalty parachute as profits fall
Qantas Group says it made $1.25 billion in profit in 2023/24, down 28 per cent from last year, but its on-time performance and customer approval levels rose.
‘Fanciful’ to tie power bill cap to coal-plant deal
The idea that a deal to keep open Australia's largest coal power station until 2027 could include a power price guarantee to help consumers has been dismissed.
CopperString project blowout sparks council concern
A north Queensland mayor has accused the government of playing election politics after an enormous transmission line's costs increased by $1.2 billion.
Resources bellwether warns of clean energy constraints
Contracting group Monadelphous, a bellwether for energy and mining activity, says labour shortages continue and warns of barriers to decarbonisation.
Vicinity seals largest Aussie retail deal for 2024
Retail property group Vicinity Centres has acquired a 50 per cent stake in one of the biggest shopping centres on the west coast.
Water standards in focus as ‘forever chemicals’ found
Traces of cancer-linked chemicals have been detected in drinking water supplies, prompting an investigation and calls for calm.
Trent Dalton takes Love Stories to the street and stage
Bestselling author Trent Dalton is returning to the streets of Brisbane to collect love stories. He'll have a typewriter, but will he bring his Logie?
Fortescue slams ‘cynical distraction’ in IP-theft case
Directors sued for allegedly using Fortescue secrets in their own startup filed a "monumental waste of time" to avoid defending the lawsuit, a judge has heard.
‘Let me out’: Aussies need help with subscription traps
Most Australians have struggled to cancel a subscription and some have given up entirely, a report has warned amid calls for legal reforms.
‘Save our home’: coal mines could cost koala habitat
More than 20 new coal projects in two states would have a devastating impact on the habitat of endangered koalas, climate and conservation groups warn.
Aussie shares in late comeback to extend winning streak
After being down as much as 0.5 per cent in morning trading, the ASX200 gained steadily in the afternoon to finish slightly in the green and above 8,000.
Rubbish fuels race to create green aviation industry
A sustainable aviation fuel refinery could supply millions of litres of carbon-cutting jet fuel following an investment and government grant.
Japan’s steel giants dig deep for Australian coal
Production at one of Australia's biggest coal mines could be extended beyond 50 years under joint venture deals, with the buyers warned to brace for backlash.
Airfare spike fears after Rex’s flight from capitals
With no Australian airline route featuring more than two companies, the competition watchdog says prices could spike with the exit of cash-strapped Rex.