POLITICS & POLICY

Parliament junks iPhone gambling applications

The Australian parliament on Monday junked moved to allow gambling applications to become readily available for download using smart phones, particularly iPhone. Lawmaker Nick Xenophon said Australians already have too much exposure to gambling and the risk of over exposure is ever present, especially among children.
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Green Loans audit to cost $4.3M

The decision of the Federal Government to conduct an audit into the controversial Green Loans scheme will cost taxpayers at least $4 million.

CSR gets nod for a demerger

The Federal Court on Friday gave CSR Limited a go signal to hold a shareholder vote on its $3 billion proposal to split into two companies.

Qantas cleared to fly

Qantas Airlines is cleared today to fly its planes to London's Heathrow airport after several of the flights were suspended overnight due to fresh ash clouds from Iceland's Eyjafjallajokull volcano.

Japan agrees to new quota on whaling

Facing legal actions from Australia, Japan on Thursday agreed to reduce the number of its whaling quota for its annual research hunt on condition it is allowed to resume commercial whaling along its coasts.

NAB fights for an AXA deal

The National Bank Australia is doing what it can to secure its place in the acquisition of AXA Asia Pacific with a $13 billion target bid.

AIG repeats its support for QR deal

The Australian Industry Group today reiterated its support for the sale of QR National and must be operated as a private entity to contribute to the increased competitiveness in the economy.

ASIC propose disclosure to infrastructure sector

The Australian Securities & Investments Commission yesterday proposed a regulation to protect retail investors from using complex and risky financial systems, costly management fee structures and company disputes.

NAB to challenge ACCC’s verdict

The National Australia Bank last night was surprised by the competition regulator's decision to chunk its $13.3 billion acquisition of AXA Asia Pacific, draining the bank's chances of dominating the nation's fast growing retirement savings market.

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