A Sydney company director has been fined $16,900 for underpaying eight of his former staff. The employees, who received no money at all for weeks on end, were underpaid a total of more than $31,000.
An economic analyst has suggested the hyped debate over Australia’s sustainable population has overshadowed the country’s problem on housing shortage.
The Treasury and Finance departments announced on Monday that the country’s Pre-election Economic and Fiscal Outlook (PEFO) has slightly veered away from their budget forecasts as both clarified that Australia’s economic projections remained essentially untouched from the updates earlier released by Treasurer Wayne Swan.
The Association of Mining and Exploration Companies (AMEC) said on Monday that it is set to restart its advertising campaign against the federal government’s proposed mineral resource rent tax.
A resumption of the publicity campaign against the Labor government’s Mineral Resources Rent Tax is part of political schemes aimed at the elections, Treasurer Wayne Swan claims.
Labor has given, under its latest climate change election promise, $1 billion in tax breaks on investments in energy-efficiency measures for commercial building.
At the top of their election campaigns, Australian Prime Minister Julia Gillard and opposition leader Tony Abbott have engaged early on in a debate on the economy, taxes, and migration issues.
A coalition government will cut down Australia's immigration intake back to a reasonable level, according to shadow treasurer Joe Hockey.
Australia's business leaders have rejected a plan by the coalition government to slash immigration intake, accusing Liberal head Tony Abbott of risking the nation's future economic viability for his short-term populist strategy.
Junior and mid-tier miners are set to launch this week their advertising campaign against the Gillard government's minerals resource rent tax (MRRT).
Clive Palmer, the mining tycoon, has announced that is resuming his campaign against the Gillard administration’s proposed rent tax on minerals resource.
Latest figures furnished by the Victorian Commission for Gambling Regulation (VCGR) showed that state gamblers burned a whopping $2.6 billion into poker machines amidst the financial pressures brought by the continually hiking cash rates and increasing living expenses.
The Reserve Bank of Australia’ (RBA) July board meeting minutes gave away clues that steady price increases seen in the last three months leading to June would be considerable factors that could sway its interest rates decision come the board’s next meeting in August 3.
Premier Mike Rann of South Australia says the federal government’s scheme to integrate more green energy into Australia’s power grid is very good news for their state.
Australia's economy will deteriorate and inflation rise if the admission of skilled migrants is not maintained at least at its current level, according to some of the nation's most prominent business figures.
Fortescue Metals Group Ltd (ASX: FMG) chief executive Andrew Forrest said on Thursday that Prime Minister Julia Gillard should invite Greens head Bob Brown in the event that fresh discussions would again be conducted on the revised mining tax.
The New South Wales Farmers Association is raising howl that the Australian pork industry would eventually die out should major supermarkets such as Coles would sustain its current policy of forbidding pork from pigs being raised in sow stalls.
Australian Securities and Investments Commission (ASIC) chair Tony D’Aloisio said on Wednesday that closely regulated investment markets were more likely to smooth their way through the onslaught of global financial crisis as against markets with liberal policies on their investment environments.
Following news of Coles’ move of countering the federal government’s policy of restricting cigarette sale by unleashing cheap imported brands in the market, the Australian Greens said on Wednesday that they intend to counter the tactic by more stringent legislative initiatives.
In light of the of the ensuing water contamination scare that stemmed from Cougar Energy’s coal gasification plant closure in Kingaroy, South Burnett farmers issued confirmation on Wednesday that Biosecurity Queensland is conducting tests on their cattle herds for possible exposure to chemically-smeared water supplies.
Australian central bank Governor Glenn Stevens has urged other monetary authorities to implement for "regulation that would not undermine economic growth or push risk taking underground.
Australian monetary policy makers are keen to use the elements of the financial stress tests initiated in European banks and local inflation figures to assess whether to increase interest rates further.
Mounting calls for an urgent revisit and eventual upgrade of the safety measures at Launceston Airport attracted the support of the local government and business sectors with aviator Dick Smith declaring that aviation authorities must act now or any more meetings to discuss the issue would only amount to nothing.
The Council of Small Business has advised Tony Abbott to keep quiet about industrial relations as he attempts to get the coalition's election campaign back on track.
Macro-regulation proposal under the new Basel III bank rules could force Australian banks to set aside as much as an additional 2 per cent of capital during rapid credit growth.
The ASIC (Australian Securities and Investments Commission) has initiated legal proceedings in the New South Wales Supreme Court against Newcastle Palais Holdings and Empower Invest for violation of enforceable undertakings.
A water contamination scare loomed over the South Burnett region in Queensland over the recent closure of Cougar Energy’s underground coal gasification (UCG) Kingaroy facility, where testing by the Department of Environment and Resource Management (DERM) showed that water supplies were smeared with carcinogenic chemicals.
Stephen Robertson, Minister for Mines and Energy, has announced that he will attend discussions regarding water contamination concerns in the South Burnett region of Queensland.
The Reserve Bank of Australia has joined business leaders in criticising both sides of parliament for their disinclination to look at changes to workplace laws in preparations for the federal poll.
The Reserve Bank of Australia will meet with other East Asia-Pacific central banks this week in Sydney to debate economic issues affecting the banking and financial regulatory environment
