The Opposition has called for the sacking of Peter Garrett, Minister for Environment Protection, over restraints that will delay Queensland’s coal gas projects.
Former Macquarie Equities Limited client advisor, Mr Newton Chan was today sentenced in the Supreme Court of Victoria to a term of 20 months imprisonment following an investigation by ASIC into the manipulation of the share price of Bill Express Limited (BXP) (now in liquidation).
Treasurer Wayne Swan is set to unveil today a more-detailed economic forecast showing the Budget remains on track to return to surplus even with the revamped resources tax by 2013.
There is still no word on the federal poll date even as the government is set to update Australians on the state of the economy today.
Andrew Forrest's Fortescue Metals Group stands the Gillard government's proposed minerals resources rent tax (MRRT) should not proceed in its current shape.
The government of West Australia has approved the firing up of three coal-based power stations, prompting the antagonism of environment groups.
Treasury secretary Ken Henry declined to give any detail about the tax assumptions when quizzed on a Senate hearing Tuesday.
The NSW government has shelled out more than $1.4 million in taxpayer funds to consolidate data centres, even as there is no savings estimate.
Queensland premier Anna Bligh has confirmed industry talk the state government has been encouraging proponents to combine projects.
The ARA (Australian Retailers Association) has given out a warning to retailers to speed up the new award salary payments, as the Fair Work Ombudsman starts its rounds on randomly picked stores across Australia.
Australian ndependent Senator Nick Xenophon said on Friday that the federal government should set up a website where taxpayers are able to access updated information on government officials’ travel expenditures.
Tony Abbott, leader of the Australian opposition, has vowed to establish an Ombudsman for small businesses and family enterprises if he wins the coming National Elections.
The Opposition has called for an official inquiry regarding the administration’s dumped Green Loans plan, which was intended to make Australian homes more energy efficient.
The legal and financial woes of executives from collapsed Sonray Capital Markets Pty Ltd appeared to be piling up and this time they were being restricted from going out of the country. Several inquiries on their finances are being lined up too.
AGL Energy Ltd chief executive Michael Fraser said on Friday that paying attention on carbon emission is a must in order to secure Australia’s energy future and since the country leans much on resource and energy intensive economic activities, business and political leaders need to closely consider the impact of climate change.
The Reserve Bank of Australia’s (RBA) recent decision to leave the cash rate untouched this July could finally put an end to the unusually high interest rates on savings accounts and analysts are in turn advising borrowers to use the opportunity to settle debts.
Rio Tinto is looking to ramp up projects again after the Gillard government's switch from the resource super-profits tax (RSPT) to the minerals resource rent tax (MRRT).
Prime Minister Julia Gillard is set to meet with junior miners this Friday on her first stop to Western Australia as head of the government, in an apparent attempt to soothe their reservations on the new mining tax, which was forged with talks attended only by giant mining companies and senior ministers last week.
BHP Billiton Ltd has declined to reveal the total effective tax it will pay under the Gillard government's mineral resource rent tax, according to The Australian.
The fight for the small business vote has started in earnest, with Liberal Party leader Tony Abbott pledging a minister for small business in the federal cabinet and the introduction of an ombudsman if duly elected.
The Australian Taxation Office (ATO) said today that it would intensify efforts to collect more taxes specifically targeting some small business owners who reportedly resort to cash transactions in order to evade paying their tax obligations.
Deputy Prime Minister Wayne Swan lauded the International Monetary Fund’s (IMF) decision to upgrade the country’s growth forecast for both 2010 and 2011, declaring that the world financial institution’s thumb of approval is a testament to Australia’s position as a world leader in global economic recovery.
Coal India Ltd., the world's largest producer, is now more keen in using a proposed sovereign fund to buy mines abroad that can supply the equivalent of 8 percent of domestic output as energy demand rises, a government official said.
Australian Prime Minister Julia Gillard said she is amenable to discuss a disputed natural gas project in East Timor to gain support for asylum seekers.
Gold mining executives based in North Queensland has expressed reservations today that the federal government could again effect changes on the super profits mining tax once it gained re-election.
West Australians appeared to be encountering mounting difficulties in meeting their electricity bills even as the state’s electricity distributor, Synergy, has disclosed that unpaid power bills rose to $8 million last year and the company currently maintains collectibles up to $9 million.
The Australian Competition and Consumer Commission (ACCC) said on Wednesday that its anticipated findings on the proposed merger of the country’s two giant mining companies would be further delayed, as it announced that the suspension was made “at the request of the joint venture parties to allow them to make additional submissions to the ACCC.”
The federal government will give a formal response to the landmark Cooper superannuation review within weeks.
The Gillard government's decision to pacify mining companies by revamping the resource tax could cost the budget $35 billion in revenue this decade, a report says.
The Reserve Bank of Australia is set to keep interest rates steady in the coming months as an upsetting slowdown most likely sets in around the world.
