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
The Environmental Protection Authority (EPA) said on Monday that it has given its approval for gold miner AngloGold Ashanti Ltd’s (ASX: AGG) proposed gold exploration site, which is about 330 kilometre northeast of Kalgoorlie in Western Australia.
Finance Minister Lindsay Tanner said on Monday that Australians should not put their trust on opposition leader Tony Abbot even if the latter manifested his disapproval for Work Choices by resting his initials on a symbolic death certificate for the controversial legislation.
Federal Health Minister Nicola Roxon has expressed frustrations that Coles supermarkets are circumventing the government’s policy on restricting access on cigarettes and actually offer cheaper prices for the product.
The election campaign fever in Australia is starting to heat up as declarations of key campaign platforms are being revealed.
The chief of Infrastructure Australia says new financing solutions are necessary to attract private investors to put in funds into building projects, as taxpayer money gets hard come by.
Australia’s private sector must get involve and invest in the country’s infrastructure projects and as the taxpayers’ dollar started drying up, the government must devise creative funding solutions in order to attract them.
A government official in Queensland has been given the boot for not acting earlier on issues regarding contaminated water brought about by coal gasification tests done underground in South Burnett.
Steve Brown, Assistant Police Commissioner of Western Australia, deinies allegations that initiation rituals involving Taser are a part of their culture.
Hopes for a new and strong Gold Coast waterways board would be assembled to handle botched Broadwater have been ruined when the Bligh administration has introduced a weaker committee instead, which is limited only to making dredging location decisions.
Wayne Swan, Treasurer of the Australian federal government, has accused Opposition leader Tony Abbott of holding and promoting “extremist views” that incite disunity, as he talked about the Australia’s economic credentials.
Cotton On, the clothing firm based in Victoria, has paid back about $300,000 to thousands of workers that have been underpaid.
