Western Australian authorities appear lukewarm on suggestions that the federal government needs to nationalise the regulation of the oil and gas industry across Australian states and territories in light of the deemed failure of a regional regulatory body in preventing the Montara oil spill incident.
The national broadband network jigsaw puzzle appears to be finally forming as another piece has been added to complete the picture with independent Senator Steve Fielding providing maybe the final link, announcing on late Wednesday that he would support the NBN bill.
The Montara oil spill in August 2009, Australia’s worst offshore oil spill incident, could have been avoided yet due to the failure of the region’s regulatory authorities to effectively implement safety regimes, the accident still happened.
Bankers today warned politicians of the possible consequences of going ahead with the Green's banking bill.
Independent Senator Nick Xenophon eventually acceded in supporting the National Broadband Network legislation that would pave for the way for the structural partitioning of Telstra Corporation, which the federal government maintained is crucial to full roll out of NBN.
The federal opposition is convinced that too little studies were being undertaken by the federal government in the growing trend of foreign ownership of agri-business operations in Australia even as a government audit has been committed by the treasury to pore over into the issue by next year.
Hollywood actor Matt Bomer pushes for religious tolerance in a new PSA.
Buoyed by the solid value of the Australian dollar and a relatively liberal GST regulation on online commerce, many shoppers appear to be turning on internet shopping which prompted the federal treasury to mull the imposition of goods purchased through retail websites.
The Government's proposals to reshape the business research and development tax incentive remain of serious concern to industry and need further consideration before being passed by the Senate, according to the Australian Industry Group.
The Australian Industry Group today lodged a submission in support of its application to Fair Work Australia (FWA) to clarify public holiday penalties over the Christmas/ New Year period and to avoid unnecessary cost and confusion.
Crocodile Dundee star Paul Hogan would be free from any criminal liabilities after all following the Australian Crime Commission’s (ACC) announcement on Tuesday that the investigation against the Australian actor would be ceased.
Opposition leader Tony Abbott called on Prime Minister Julia Gillard on Monday’s parliamentary session to clarify if the deal she forged with the Australian Green Party would still ensure the planned privatisation of the national broadband network following its full implementation.
Australia's economy has felt a bigger shock from the recent flight of the local dollar than it would have from the introduction of a carbon price, according to a report released today.
Too much government intervention on hobbling parts of the Australian economy could backfire and weigh down the country’s interest rates, according to treasury secretary Ken Henry.
While Christmas day has been officially declared as public holidays in New South Wales, Queensland, Western Australia and Tasmania, many shift workers are poised to miss out their own family celebrations on that Saturday as some states and territories have yet to follow suit.
The federal government has admitted that the present times are ripe for the introduction of changes in the Australian banking industry and one significant factor that could shake the power-balance of the sector is the entry of a fifth major player.
The leading opposition figure tasked to shot down the $43 billion national broadband network may be barking up the wrong tree as revelations came out that he also maintains considerable interest in an IT firm set to benefit from the project’s roll out.
Australian businesses are continuing to be shackled by costly red tape, a new scorecard by the Business Council of Australia has found.
Employers' organisations in Australia have warned the government and the public of the fast rise in wages in all territories that are not well supported by an increase in labour productivity.
The federal government is now feeling the heat of a growing cross-party demand that details of the national broadband network business plan be made public this week as independent MPs added their voice on the snowballing clamour.
The planned asset sale of New South Wales of its electric power assets will easily fetch some A$8 billion in investments for the state, the Citigroup Inc. said in a report.
Prime Minister Julia Gillard made known her deep intents to include carbon price as a hallmark of her governance, underscoring the pressing importance of the measure not only for the whole duration of her leadership but also for the immediate future of Australia.
The Australian Greens' proposal to restrict bank interest rates poses problems, according to a leading market research agency.
Australia must recheck the way it handles foreign aid funds and if necessary, identify the proper channel for appropriate funnelling of money to recipient countries to ensure that the dollars were put into good use.
The federal government is now battling a two-pronged war in defending the $43 billion National Broadband Network as the Australian Greens aired its demand to pore over on the project’s business plan right before the parliament rises for the summer break.
The board of the Reserve Bank of Australia had anticipated that bank lending rates could increase by more than the cash rate, according to the minutes of the Nov 2 meeting released on Tuesday.
Despite concerns aired by the latest report of the Organisation for Economic Cooperation and Development (OECD), which stated that the national broadband network may prove too costly and could lead to significant financial limbo, the federal government maintained its faith on the project’s viability.
Sarah Palin may have violated environmental guidelines in a new television show featuring her family and her home state Alaska.
The emerging industry of liquefied natural gas (LNG) could potentially boost the carbon emissions reduction efforts in Australia yet existing government policies continue to dwarf that possibility.
The number of merchants charging fees for credit card transactions has risen steeply over the past few years, according to a report commissioned by the NSW government.
