A new mining tax debate appears to be brewing as Australia’s giant miners insisted before the Senate select committee that all state and territory royalties should be creditable against the minerals resources rent tax liability.
The federal government’s much-awaited banking reform measures would be known anytime next week as Federal Treasurer Wayne Swan hinted that changes in the industry would be dealt with one at a time.
The federal government is scheduled to announce on Wednesday its decision on the contentious issue of the national broadband network’s interconnecting points, which Australian telco providers can hook up to in delivering high-speed internet access across the nation.
Australian Foreign Minister Kevin Rudd had a propensity to commit diplomatic faux pas during his time as prime minister.
The state government steps up its efforts to promote home ownership for Queensland’s indigenous communities and wants the public to share their inputs on ways to push the program into a reality.
No federal funds would be poured on Tasmania’s efforts to reform its forest industry but Prime Minister Julia Gillard gave assurance that the state government could count on the commonwealth for help in implementing the new logging program.
Federal efforts of restoring the environmental health of Murray-Darling Basin suffered a setback on Tuesday with the decision of the area’s authority chair to quit his post amidst the ongoing controversies hounding the program.
Stiff competition among telecommunication firms would be the norm once the national broadband network becomes fully operational and with the NBN Co practically controlling the new fibre optics network set to be established across Australia, telcos are focusing on excellent customer service to stay on top of the game.
Closer scrutiny of the banking industry and stricter government regulation do not necessarily mean that competitive environment would be introduced in the sector, it’s all about healthy consultation between the government and industry players.
Electronic retail specialist Harvey Norman is following the lead of its rival Myer as the company announced on Monday it would establish an online store that would process and ship goods from China to Australia.
Independent MP Andrew Wilkie accused Foreign Minister Kevin Rudd of posturing on China, in light of a leaked WikiLeaks document which showed that the former prime minister suggested the use of force against Beijing.
The operational marriage between the Australian Securities Exchange (ASX) and the Singapore Exchange (SGX) is in line with the national interest of Australia.
Consumer advocacy group Choice is launching its new comparison website, called the Compare, Switch and Ditch, that it said would enable Australian bank clients to consider more banking services and change provider when necessary.
The Australian Bankers' Association today lodged its submission to the Senate Economics Committee which is inquiring into competition in banking.
Western Australia is set to receive a windfall of up to $350 million from both BHP Billiton Ltd and Rio Tinto Ltd as the two giant mining firms’ proposal of integrating their iron ore operations in Pilbara won the nod of the state parliament.
The Australian competition watchdog called on Prime Minister Julia Gillard to oppose the national broadband network blueprint of establishing a forced monopoly by allowing only the construction of 14 interconnection points when the country requires at least 200 to efficiently access the superfast information highway.
Small and family enterprises are at risk of being left behind as the 'fifth pillar' debate focuses too narrowly on home owners and credit unions, according to Australia's leading tax and property accountants.
BHP Billiton Ltd acted too slow for public convenience in submitting its formal response on environmental concerns about its proposed mining expansion at Olympic Dam in South Australia.
More than half of Australian businesses believe the national broadband network (NBN) will improve the way they do business, according to new research commissioned by Macquarie Telecom (ASX: MAQ).
Mobil’s decision to sell its fuel terminal in Gladstone, Queensland to Caltex Australia Ltd could potentially harm the imported diesel and petrol market in the area.
As calls for the establishment of a fifth pillar in the Australian banking industry grow, the country’s credit unions and building societies appear to be heading into a collision course with major banks as the former urged the federal government for financial guarantee so they can effectively compete against the giant financial institutions.
Queensland needs to swing-open its doors to uranium mining and with the state government playing deaf and blind on that emerging reality, cross-sectoral voices are training their attention on federal Labor stalwarts to overturn the state’s standing ban on uranium exploration and nuclear energy.
The Australian Taxation Office (ATO) ruled with finality on the question of asset sales tax dues for private equity firms, upholding an earlier draft decision that gains from such transactions must be subjected under the income tax provisions.
Federal subsidies on household rooftop solar panels will soon come to an end as the Climate Change Ministry announced the earlier withdrawal of the energy credit scheme, claiming that state and territory government would instead assume the burden of supporting renewable energy costs.
Federal Treasurer Wayne Swan maintained his stance that the Australian economy remains resilient despite the mere 0.2 percent growth it posted in the September quarter, admitting that road bumps may be present but the country’s economic fundamentals and growth prospects are solidly in place.
Global telecommunication firm Vodafone Group is welcome to the idea of a national broadband network in Australia as the company reportedly prodded the federal government early this week to continue on with the project’s full implementation.
Australian rock lobster exporters are being punished by China for avoiding tax duties on their products, according to an export specialist, who added that the seafood industry has been deliberately dodging Chinese authorities for some time now.
The latest economic pronouncements of Reserve Bank of Australia (RBA) governor Glenn Stevens are acts of veiled criticisms on the economic policies of the Labor-led federal government.
Some analysts believe the Australian prime minister's attempt to set a price on carbon will fail despite Julia Gillard yesterday declaring 2011 a year of delivery and decision for her Government.
Following the passage of the bill on Monday that would restructure the operational make up of Australia’s dominant telecommunication provider, Telstra Corporation, the country’s other telco industry players appear to be breathing fresh air, and for a good reason.
