The Council of Social Services in Tasmania voiced out concerns today that residents of the state could be hit by spikes in the price of electricity as the state government announced changes in the power industry which includes permission for Aurora Energy to recover its operating costs.
Prime Minister Kevin Rudd said today that he will not sit down with the mining industry just because of the election as he discounted the possibility of an early voting in light of the government’s plummeting popularity because of the proposed mining tax.
Representatives of the mining sector said the mine safety regulator is “dysfunctional” and urged the government for an investigation on the mine safety regulations in West Australia.
The Kimberley Land Council (KLC) has threatened legal suits against Foxtel, National Indigenous Television and Goolari TV for airing last week Julie Nimmo’s film, ‘Divided by Gas’, alleging that it carries defamatory statements from former High Court Judge Murray Wilcox.
ASIC has permanently banned Mr Steven James Ker of Palmyra, Western Australia from providing financial services.
Federal Reserve Chief Ben Bernanke said on Wednesday in a speech in New York that financial regulators must prioritise market stability as he warned that failure of interwoven financial companies could dislocate the financial system and the economy as a whole.
Treasurer Wayne Swan said that Australia's economic expansion was not based on luck but because of the government's efforts and its “foresight to do what was right.”
A loose alliance of three of the world's biggest mining companies on Thursday launched a renewed offensive against the Rudd government's plan to force a 40 percent tax on resource profits.
Tax Commissioner Michael D'Ascenzo has warned the staff of the Australian Taxation Office through an email that providing details to an independent inquiry is also considered a breach of law.
Federal Treasurer Wayne Swan told business executives gathered in Canberra on Wednesday that Australia’s continued economic expansion can never be attributed to sheer luck but on its government’s foresight and political will to do what is right for the sake of the national interest.
The federal government may be ready after all to adjust some elements of the mining tax to accommodate the needs of the various parts of the resources industry as Resources Minister Martin Ferguson gave hints that even Prime Minister Kevin Rudd gets some pressure from the Labour party to forge a compromise with the mining sector.
A pack of 25-stick cigarettes would soon cost smokers $14 and they have the Senate to thank for as the chamber passed and formalised on Tuesday the Rudd government’s earlier decision to raise cigarette excise tax.
A lower mining tax should enable Australia to fiercely compete with other mining countries and any planned taxes on the industry should not be compared with the petroleum industry, that according to Access Economic director Chris Richardson.
After drawing much public flak from his proposed 40 percent tax on super profits, Prime Minister Kevin Rudd is reported to be ready for a compromise agreement with the mining sector, in the hope of taking out some of the pressure over the controversial new resource tax.
One person was confirmed killed and seven others were injured when a light plane crashed in Sydney's south-west area just after 8am Tuesday, the New South Wales Ambulance Service confirmed. Earlier, the NSW, said two people had been killed, but later revised the figure to just one.
Federal Treasurer Wayne Swan is backing Prime Minister Kevin Rudd to continue on his leadership of the Labour Party for the next election despite circulating speculations that the embattled leader is being pressured to give way for a new candidate.
The European debt crisis is unveiling similar signs of the subprime mortgage meltdown in the United States on 2007, with pressure and disruption in the financial system becoming more prominent as the problem gets worst by the day, according to a review by the Bank for International Settlements (BIS).
China took a defensive stand on its currency policy Saturday, and dismissed claims from members of the US Congress that Beijing is manipulating the yuan to prop up cheaper Chinese exports, resulting to massive job losses and factory closures in the United States.
The parliamentary secretary for Western and Northern Australia has scored the WA Chamber of Commerce and Industry for its two-faced approach on the resources super profits tax, stressing that the business lobby group needs to assume a clear stand for the economic future of the state.
A Japanese space probe said to be carrying dust samples from an asteroid plunged to Earth Sunday midnight as its capsule parachuted to South Australian state's outback within the Woomera Prohibited Area.
The Australian government is reported to be planning to introduce a new law that requires internet service providers to keep a record of their client's web surfing history, as part of the government's fight against terrorism and phaedophilia.
The Australian government will shoulder the cost in the rescue of 16-year-old Abby Sunderland, who was forced to send off a distress call after drifting for three days more than 2,000 miles southwest of Perth, while trying to circumnavigate the world solo.
The Association of Superannuation Funds said today that less than one percent on the superannuation account balances of an average worker would be affected, contrary to the mining sector’s claim that the resources super profits tax could potentially hurt super returns.
Cape Alumina Ltd is now in a review mode following the abandonment of its $400 million Pisolite Hills project on Cape York when the Queensland government announced last week that Wenlock River would be declared as a wild river.
The Queensland Government has given a go-ahead signal fo the development of Milton train station in Brisbane's inner-south.
BHP Billiton said on Friday that a proposed resources super profit tax by the Federal Government should be scrapped altogether or make some revisions to address “fundamental failings.”
Several Australian banks have told the Prime Minister to do some research before he criticizes them for letting customers pay additional banking fees.
Pushed by strong worldwide demand for Chinese-made clothes and consumer electronics, China once again saw a surge of 48.5 percent on its exports in May, seemingly showing signs that the eurozone crisis has yet to dampen the ever-present hunger for the affordable China export products.
Prime Minister Kevin Rudd challenged Western Australia's Liberal Premier Colin Barnett to find a better alternative to fund infrastructure projects.
The Australian Securities and Investments Commission on Thursday disclosed that it will closely observe trading tools when it takes over the supervision of financial markets later this year.
