Federal Treasurer Wayne Swan needs to swing into action and compel Australian banks to follow the policy rates put forward by the Reserve Bank of Australia (RBA).
Australia's three top mining companies have called a meeting with the government to clarify the tax agreement seen on the brink of collapse.
The Victorian Farmers' Federation (VFF) has set up a fund to fight the plan to water entitlements and affect irrigation projects in the Murray-Darling River Basin.
Any upward adjustments in the mining royalty rates to be implemented by states and territories will all be unacceptable to Prime Minister Julia Gillard as this would put Australia's top mining resources industry at risk.
The Australian mining industry and authorities are again headed for another serious debate with regards if taxes and royalties issues are not resolved immediately.
Coalition's lack of commitment to superannuation reform was stoking uncertainty for Australian workers saving for their retirement, the Australian Institute of Superannuation Trustees (AIST) said today.
Wary of sending out a wrong signal, NBN Co chief executive Mike Quigley refused to divulge the exact cost of the initial National Broadband Network three sites roll out in Tasmania, stressing that cost speculation is purely non-sense.
The frequent earthquakes have been discouraging to some local residents in Christchurch and the rest of Canterbury.
Australia bested only South Korea in the list of six major trading partners that implement measures in reducing carbon pollution dependence, this according to the Vivid Economics report commissioned by The Climate Institute.
External factors especially higher commodity demand from Australia's trading partners will further trigger the rise of the Australian dollar, which is still seeking parity with the U.S. dollar.
Picking up the pieces after its twice failed efforts on emission trading scheme, the federal government has decided to enlist the collective minds of a multi-sectoral group that would infuse fresh ideas on its climate change policy.
South Australian Premier Mr. Mike Rann is prepared to accept the results of his recent approval ratings, which dropped at 38 percent, taking into account the tight budgetary allocations.
Despite the proposed amendments, adverse environmental impacts will continue to occur as CSG companies still retain the right to extract unlimited amounts of groundwater under the Petroleum and Gas Act (PGA), according to Nigel Parratt from Queensland Conservation Council.
The federal government said on Friday that ministers who handled the country’s botched home insulation scheme should not take the entire blame even as a report furnished by the auditor-general declared that risk management measures were largely overlooked during the project’s implementation.
"Today's reported announcement by the NSW Premier about stepping away from national OHS laws and comments regarding the Barangaroo development are extremely retrograde and out of step with the community's interests," Ai Group Chief Executive Heather Ridout said today.
Organised crimes in Australia suffered a major blow on Friday as authorities seized an estimated half tonne of cocaine in Brisbane that could easily fetch some $160 million had it managed to hit the nation’s streets.
The Gillard Government has increased funding for maternity training for doctors that will see more obstetric and anaesthetic services and support for women in rural and remote areas.
The appointment of Mr. Stephen Koukoulas as macroeconomic adviser Australian Prime Minister Julia Gillard's administration seeks to address the current economic situation in the country.
The Australian banking sector has assured that there will be no changes in the way they do business in areas affected by the implementation of the Murray-Darling Basin project.
The federal government needs to inform affected farmers on specific measures that it would implement to alleviate the anticipated damages set to be caused by the planned reduction of water usage in the Murray-Darling Basin area on South Australia.
Australians continue to pay tribute to Mary MacKillop, soon to be canonised as Australia's first saint.
As the world was awed by the successful rescue of Chile's 33-trapped miners, Chinese netizens have urged that similar safety and security measures should be put in place in China.
Bike riders coming form the Inner West or the North Shore to the CBD can now enjoy a safer journey with the opening of City of Sydney's first completed cycleway route.
Australia's economic growth momentum remains on the upturn until the year 2011, the National Australia Bank's group chief economist Alan Oster said today.
Queensland Premier Anna Bligh is set to meet energy stakeholders on Wednesday in Townsville for the proposed hydro-electricity power plant from Papua New Guinea that would supply electricity in the state and on the side, conduct a dialogue with usual nemesis Clive Palmer.
Investments in gas-fired power plants may double and reach close to $15 billion in the near term if Australia starts to implement a stiff price on carbon emissions, Fitch Ratings said.
Peter Diamond, an economist at the Massachusetts Institute of Technology, may have won the 2010 Nobel Prize in Economic Sciences, but whether this will be enough to get him a job on the Federal Reserve remains a question.
As the country struggles to retain its global competitiveness but retaining its current energy production levels to sustain local industries, the Australian Parliament has chosen to put a price on coal emissions.
Business confidence remains high albeit a very slight tinge of wariness in the country's business sector. This is according to the latest of the National Australia Bank's quarterly business survey published today.
The National Broadband Network (NBN) infrastructure already in place would not be wasted by a Liberal government should it be voted into power come the next election.
