Communications Minister Malcolm Turnbull has not ruled out a proposal by the expert panel reviewing the telecommunications industry to break up and sell off parts of NBN Co. However Mr Turnbull, responding…
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Paul Keating has launched a swingeing attack on the government’s deferral of 12% compulsory superannuation, accusing it of wilfully sabotaging Australia’s savings scheme out of prejudice. The former prime…
Growth in government spending on big-ticket items including Medicare, public hospitals and the aged pension is expected to be less than real GDP growth over the next decade, according to the latest report…
Crowdsourcing competitions, popular with companies seeking to tap into groups of knowledge, are often diminished by malicious behaviour, according to a new study. The research, published today in the Journal…
Commonwealth Bank of Australia chief Ian Narev has apologised for breaching customer trust after evidence emerged of serious misconduct by the bank’s financial planning arm, Commonwealth Financial Planning…
The latest instalment of the long running Housing, Income and Labour Dynamics Survey from the Melbourne Institute of Applied Economic and Social Research was released today, with many commentators using…
Consumer sentiment has tumbled to levels not seen since August 2011, in a post-budget drop economists say does not reflect the real state of the economy. According to the monthly Westpac Melbourne Institute…
The “massive infrastructure gap” prime minister Tony Abbott has set out to fix does not exist, according to new analysis of state and territory budgets by the Grattan Institute. The analysis found states…
Heavy on warnings that “business as usual” will leave future generations of Australians saddled with excessive debt, the National Commission of Audit has delivered the government a comprehensive platform…
Sydney’s second airport could see its first flight in the next decade as prime minister Tony Abbott this afternoon confirmed construction will start at Badgerys Creek in 2016. “Today’s decision recognises…
More than 50,000 young people have been unemployed for more than a year, with the average length of unemployment almost doubling – from 16 to 29 weeks – over the last six years. This means nearly 18% of…
Prime minister Tony Abbott has cast his visit to China as not just aimed at doing a deal but being a friend – while simultaneously stressing he is anxious to advance negotiations for the free trade agreement…
Several prominent Australian companies could be inflating their adherence to corporate social responsibility guidelines, often filing reports with “partial and missing information”, according to a new…
The federal government will give the states a substantial financial incentive to sell assets and recycle the funds into new infrastructure, as part of its effort to boost jobs and productivity. A fund…
Publicly listed companies will need to disclose exposure to economic, environmental and social sustainability risks for the first time under new corporate governance guidelines released today. The principles…
Prime minister Tony Abbott said his government would create “the biggest bonfire of regulations in our country’s history” as it moved to cut A$700 million from business compliance costs. Abbott was outlining…
With the amendments to Australia’s privacy law coming into force, it is only natural that our attention is firmly focused on the domestic privacy scene at the moment. However, perhaps the bigger challenge…
The federal government will introduce legislation this week to allow majority foreign ownership of Qantas. After a two hour cabinet debate, prime minister Tony Abbott announced tonight the government would…
The mining boom has left the average Western Australian family nearly twice as well off since it began. But skyrocketing prices in some parts of the state have led to a faster escalation of inequality…
An overwhelming proportion of investors want the introduction of a rating system to identify poorly governed companies, according to a new survey. And over 80% of those polled said they would stay away…
Australia should cut company taxes and increase innovation to avoid falling behind in the productivity race, according to a new report from the Organisation for Economic Co-operation and Development. The…
Treasurer Joe Hockey today urged G20 finance ministers to focus on ending gaps between Australian and overseas taxation arrangements that are eroding the tax base. He told an Institute of International…
New evidence suggests investors have a greater appetite for taking risks when market conditions are good, and are more averse to risk when markets are lower. But this means traders could exhibit risk-averse…
High levels of government debt won’t hurt economic growth in the medium and long-term, according to a new paper released by the International Monetary Fund. The research findings contradict earlier arguments…
How older Australians spend their superannuation and the impact of suggested legislative changes on retirees, will be the focus of a new CSIRO-Monash superannuation research group. The A$9 million research…