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The ‘brittle’ side of industrial relations: CFMEU members in dispute with their employer, Energy Australia. Julian Smith/AAPImage

Enterprise bargaining no great problem, but no panacea either

Over the course of the last few months, industrial relations has once again become a major issue on the national political agenda. Allegations of union corruption, uncompetitive wage deals, inflexible…
Qantas is heading into difficult times, but is it still a good investment? Mick Tsikas/AAP

Qantas needs tough love, not corporate welfare

So it begins – a company running to Canberra with a good story and in need of some or other political favour. To be fair, these companies tend to have very good stories – consumer safety, national security…
Cinema group Hoyts may find itself on the market again, but the giant could face a rocky few years. Flickr/Devar

No plain sailing for cinema giant as Hoyts heads to float

Cinema company Hoyts Group is again considering listing on the stockmarket, tipped to take place sometime later this year. It’s expected that the float will be valued at around A$700 million. The group…
The G20 is made up of several tiers, not all of whom share priorities. AAP

Can worldwide economic growth be ‘planned’?

G20 finance ministers and central bank governors have set themselves a formidable task in accelerating growth and creating millions of new jobs in order to add 2% to world economic growth over the next…
Companies that use drip pricing to lure customers in are being watched closely by the ACCC. theloushe/Flickr

The ACCC wants to take the drip out of pricing

ACCC Chairman Rod Sims has put drip pricing in online markets on the regulator’s hit list for the year ahead, warning there would “shortly be enforcement in this area”. It’s a welcome and overdue move…
We know recycling, but the concept of a circular economy is much broader. Dan Peled/AAPImage

Explainer: what is the circular economy?

When the who’s who of business and world leaders met at last month’s World Economic Forum in Davos a different industrial model was on the agenda: the circular economy. It’s a term the average person may…
Manufacturing may be leaving, but Victoria’s economy won’t fall flat. Image sourced from www.shutterstock.com

Victoria’s economic future lies in exporting services

With the demise of manufacturing and without a product to sell internationally, the argument goes that non-resource states such as Victoria are fated to fall into recession in the short run, or experience…
The G20 leaders agree more must be done to address tax avoidance, but the multinationals they’re targeting could be having the last laugh. William West/AAP

Multinationals unfazed by G20 tax crackdown

The G20 finance ministers have once again agreed to cooperate to counter aggressive cross-border tax avoidance by multinationals. Many US firms are using tax avoidance schemes for their non-US earnings…
Everyone has a dream home, but for many it remains a dream. www.shutterstock.com

Living on The Block and other housing fantasies

It’s ironic that fantasy home shows are the latest genre in reality TV, at a time when affordable housing is the real fantasy for many. The format is strangely addictive – photogenic twenty somethings…
The G20 Finance Ministers and Central Bank Governors Meeting concluded with a growth ‘aim’ of 2% above current projections over five years. AAP/Jason Reed

G20 finance ministers agree to growth target: experts react

The G20 finance ministers, who have been meeting in Sydney this weekend, say economic grow is still below the rate needed to get people back into jobs. In a statement released at the conclusion of talks…
After a promising start to an ambitious economic turn-around program, Prime Minister Shinzo Abe will have more difficulty with tax changes scheduled to come in over the next few years. EPA/Harish Tyagi

Japanese tax hikes loom large for Abenomics

Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier…
G20 nations should fly the flag for the rest of the world when it comes to boosting infrastructure investment. Flickr/DowningStreet

Boosting infrastructure investment can prove G20’s value to the world

As G20 finance ministers and central bank chiefs prepare to meet in Sydney this weekend, leading corporate figures known as the B20 will meet separately with major global investors to discuss the need…
ASIC Commissioner Greg Tanzer has this week faced the scrutiny of a Senate committee hearing. AAP/Paul Miller

Low penalties, high costs: ASIC needs legislative reform

In 2005, the Federal Court faced the difficult task of arriving at a penalty for Steve Vizard after he was found in breach of his duties as a director of Telstra. In his judgment, Raymond Finkelstein criticised…
Treasurer Joe Hockey wants the G20 Finance Ministers to agree to hard economic growth targets, but not everyone is on the same page. Daniel Munoz/AAP

Hockey’s G20 growth targets can’t be one size fits all

Treasurer Joe Hockey this week revealed plans to push for quantitative economic growth targets from the G20 Finance Ministers, who are meeting in Sydney this weekend. But it’s unclear whether this mission…
Online labour marketplaces are capitalising on increased numbers of “casualised” workers. Victor1558/Flickr

Online labour marketplaces: job insecurity gone viral?

Some of the newest enterprises online are those which link workers to anyone who wants a job done. They’re not concerned with employment or jobs but with “tasks”. These are small, one-off, discrete portions…
The fragile five economies have become surrogates for the developing world in meetings like the G20. Shutterstock

Explainer: the G20 and the fragile five

Financial markets love to come up with snappy acronyms – you have all heard of BRICS, but there are many others, with the “fragile five” being the latest. The BIITS - Brazil, India, Indonesia, South Africa…
Australia’s poor leadership record must be addressed if we want to improve productivity. Image sourced from www.shutterstock.com

Why Australian workplaces need much better leaders

Over the last decade, Australia has experienced a productivity slump. Our long-term productivity growth ranks well below the OECD average, and significantly below that enjoyed by leading economies. However…
South Korea has surpassed Australia on many economic measures. KOREA.NET/Flickr

Can Australia win from FTAs in the Asian Century?

Australia and South Korea are entering a Free Trade Agreement (FTA), but before you think “advanced Western country gains access to a large Asian market”, think again. Economic powers have shifted seismically…
Last year’s G-20 knees up. This year expect the taper, the IMF and corporate tax evasion to be the main themes. Flickr

We are all spillovers now: G20 finance meeting explained

Finance ministers and central bank governors from the Group of 20 major economies will meet in Sydney this week. A lot of troubled financial waters have flowed under the bridge since this group last met…
Tony Abbott has claimed penalty rates force businesses to close their doors AAP

Viewpoints: should penalty rates be abolished?

With a major review of workplace awards underway, the Federal Government has asked the Fair Work Commission to consider whether penalty rates and other minimum conditions are still relevant. In this Viewpoints…
Qantas is poised to receive some form of government assistance, but will it act in the national interest? griffs0000/Flickr

Qantas can’t have it both ways on foreign ownership

The Federal Government appears ready to “throw a lifeline” to Qantas, which has been seeking a government-backed debt guarantee and a lifting of the 49% foreign ownership limit in the Qantas Sale Act…
The big four banks, ANZ, CommBank, NAB and Westpac, are not legally prevented from merging, but the four pillars policy has stood in the way. xcode/Flickr

Four pillars or four pillows? Banking’s comfy collective

Australia’s four pillars policy is widely misunderstood. At heart, it is an anti-bank policy, one which prohibits the large banks from doing what they might like to do and that is to merge. It stops them…
The future for young workers is looking less secure, with casual work taking hold. shutterstock.com

Is job insecurity becoming the norm for young people?

In recent years, job insecurity among young people has risen to unsettling proportions. Last year, The Economist reported that as many as 290 million 15-24 year olds were not participating in the labour…
Chain of responsibility laws mean all parties involved in the supply chain can be held responsible for infringements such as speed, fatigue, and heavy or unrestrained loads. Dan Peled/AAP

Pushing it up the chain: Why big business can’t ignore truck safety

Meeting corporate obligations along the supply chain is not just good practice - when it comes to workers’ safety, it’s the law. This came sharply into focus last week as raids and prosecutions of transport…
Flexible work practices: for employees or employers? Tracey Nearmy/AAPImage

Workplace ‘flexibility’ on insecure ground

If you were to choose one buzzword that, despite its vagueness, has dominated industrial relations debate over three decades, it would be “flexibility”. It has emerged again in rhetoric surrounding Toyota’s…