Policymakers will have to think carefully about pricing, taxation and providing discounts for buying in bulk. Else legalisation may not deliver a substantial tax windfall after all.
Both are measures of profitability, but the disparity between return on investment and return on equity grows larger as a company relies more heavily on borrowing.
Greens leader Adam Bandt asked for senator’s resignation as the party’s deputy leader in the Senate after what he called a “significant error of judgement”.
With Senate results close to being finalised across the country, Labor will need the support of the Greens and one or two other senators to get legislation through the upper house.
With just three more seats to be finalised in the House of Representatives, Labor will be hoping to pick up at least one of those to obtain a majority. Meanwhile, the Senate is looking promising too.
An attempt to hobble Mathias Cormann in retaliation for the government’s refusal to produce the Gaetjens Report on Bridget McKenzie failed after Pauline Hanson withdrew her support.
Back for a second stint in the Senate, the Tasmanian finds herself with unprecedented power, holding the crucial swing vote on several key issues in the government’s agenda.
Senate voting is pretty complicated. Here’s how preferential voting and proportional representation work – and how to make sure your vote is counted on election day.
Queensland Senator Fraser Anning has been condemned for his comments in the wake of the fatal Christchurch mosque massacre.
MICK TSIKAS/AAP
Ahead of Saturday’s crucial byelections, senior Labor Party figures have described a vote for Pauline Hanson’s One Nation party as a vote for the Coalition. What do the records show?
Cory Bernardi speaks to the media after announcing he had quit the Liberal Party.
AAP/Mick Tsikas
Changes to Senate voting laws and the particular case of Senator Bob Day make for an unprecedented constitutional tangle, and one that will change the make-up of the Senate.
Despite declining gun fatalities, there should be no room for complacency in Australia, with an estimated 260,000 illegal guns in Australia – including this MP5K 9mm machine gun, seized in Queensland in 2013.
Dan Peled/AAP
The rate of fatal shootings has fallen in Australia, the US and other nations in recent decades. Yet anti- and pro-gun ideology still makes it hard to have a sensible discussion about gun violence.
Senator Jacqui Lambie has voted against changes to the Future of Financial Advice reforms.
Alan Porritt/AAP
Last week brought the latest instalment in the continuing Australian financial planning industry saga. Senators Jacqui Lambie and Ricky Muir blocked the Abbott government’s rollback of some of Labor’s…