Gas project loses tax claim over fly-in fly-out costs
A construction company for a Queensland gas project has argued for claiming more than $13 million in tax deductions for the cost of flying in workers.
finance (general)
AGL Energy accused of manipulating electricity prices
A class action alleges AGL Energy intentionally increased the price of wholesale electricity by "gaming" the market, hitting consumers with higher power bills.
New builders found as Porter Davis collapse laid bare
Liquidators for collapsed company Porter Davis say the builder may have been trading while insolvent, as new builders are found to quote for unfinished homes.
Crown cops $30m fine for ‘serious’ bank cheque breaches
Gambling regulators have again fined Crown after its Melbourne casino accepted uncleared bank cheques made out in gamblers' names instead of the company's.
breaking_news
economy, business and finance
finance (general)
house building
housing and urban planning
politics
Government bails out Porter Davis clients left in limbo
The Victorian government will stump up $15 million to pay back 560 Porter Davis customers who put down a deposit but never had insurance filed by the company.
breaking_news
computer crime
consumer goods
data protection
economy, business and finance
finance (general)
Latitude Financial rejects ransom demand after hack
Latitude Financial is refusing to co-operate with cyber attackers, saying it will not reward criminal behaviour as it is faced with a ransom demand.
Premier’s kids’ kitty open to children born interstate
Dominic Perrottet believes his new kids' future fund is great policy, but questions linger over who is eligible and whether it will instead increase inequality.
REDcycle’s parent company to be wound up
The company behind Australia's failed REDcycle recycling scheme will be wound up after it left stockpiles of soft plastics across the country.
REDcycle wound up by court over stockpiled plastic
Failed plastics recycler was REDcycle, which was given millions in support by supermarket giants to recycle soft plastics, is being wound up.
Modest wage growth may take heat out of rate-rise cycle
Wages have improved again but by less than expected and not nearly enough to keep up with the cripplingly high cost of living.
Palmer company ordered to repay $44.6m private jet loan
Clive Palmer's Queensland Nickel has been handed a court order to pay for a private jet that the businessman used for his 2013 federal election campaign.
Gas companies needed ‘rules of the game’
The gas industry has defended decisions to pause new gas contract negotiations amid uncertainty about the federal government's energy price relief plan.
coal
conservation
economy (general)
economy, business and finance
environmental politics
finance (general)
global change
mining
politics (general)
Palmer seeks coal climate ruling review
Clive Palmer's Waratah Coal wants a review of a Queensland court's advice that its proposed coal mine should be rejected due to climate change impacts.
High Court rebuffs high-fee lenders
The High Court has dismissed an attempt by two Gold Coast companies to appeal a finding that they offered loans at 800 per cent interest without a licence.
Aust, US work on dollar value for nature
Australia and the United States have inked a new deal to develop new systems to measure the vast contribution nature makes to the global economy.
Big five banks scope out climate losses
Australia's big five banks should cope with lending losses caused by climate change but will be more vulnerable to economic downturns, a new analysis shows.
Medibank hackers declare ‘case closed’
The Medibank hackers declared "case closed" after dumping a final tranche of stolen data, as Australia's information commissioner launches an investigation.
Clive Palmer loses Supreme Court fight
Mining magnate Clive Palmer has lost the latest round in his legal fight against the corporate watchdog and regulator.
Banks to pay $126m over dodgy insurance
A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.
People want value, not local shops: Coles
The head of grocery giant Coles says the pandemic trend of "local shopping" is unwinding as customers look for cheaper prices instead.
Blue Sky crash spurs second class action
Angry shareholders have filed a second class action over Blue Sky's 2019 implosion when its market value was wiped unexpectedly.
Scam bill to double in 12 months: Labor
Scammers are on track to rip off Australians to the tune of $4 billion this year, with authorities telling people to take time to check an offer or contact.
ANZ beats expectations but shares fall
Big-four lender ANZ has outperformed expectations with a $6.5 billion full-year profit and a higher dividend, but its shares have dropped nearly four per cent.
BHP ‘well-positioned’ for more uncertainty
Amid tricky global conditions, mining giant BHP is backing itself to win long-term from the mega-trends of decarbonisation and electrification.
Star Sydney licence suspended, $100m fine
The NSW Independent Casino Commission has fined Star Entertainment a record $100 million and suspended the gaming licence for its Sydney casino.
breaking_news
economy, business and finance
energy
environmental politics
finance (general)
industrial production
politics
Carbon credits key to industrial emissions
The federal government is playing "policy whack-a-mole" as it prepares to roll out energy and climate tools, including new credits for big emitters.
AMP fined $14.5 million over super fees
Five AMP companies have been fined $14.5 million after the organisation was found to have charged members fees for services they were not receiving.
RBA outlook could line up with Treasury
The central bank will release its quarterly Statement on Monetary policy, setting out new forecasts for the economy, labour market, wages and inflation.
Owner-occupiers make loan switch: ABS
Owner-occupiers are trying to get better mortgage deals as interest rates rise, Australian Bureau of Statistics data released on Tuesday shows.
Chalmers recognises cost of living burden
A sharp rise in annual inflation - the biggest since the GST was introduced - has raised concerns about the cost of living and more interest rate rises.
Inflation could hit worst rate since 1990
Annual inflation data for the June quarter is expected to come in at 6.2 per cent but there's some concern it could be closer to seven per cent.