Australia’s powerbrokers unveil ‘major’ new sponsorship with Gina Rinehart

Australia’s richest person has all but saved netball but a former Diamonds captain says it is ‘unacceptable’. Former Diamonds captain Sharni Norder has criticised Netball Australia’s decision to accept sponsorship for the national team from mining billionaire Gina Rinehart. Norder (nee Layton), who played 46 times for Australia and skippered the team in 2017, called on the governing […]

Banks flag interest rate bloodbath

Fears inflation will see spike in mortgage repayments ahead of RBA interest rate call There are warnings Wednesday’s jump in inflation will cause another huge expense for Aussies to rise to alarming levels. There are fears Wednesday’s massive jump in inflation could flow onto mortgage repayments, with the Reserve Bank of Australia now considering whether […]

Rapid downfall of Aussie company

Australian start-up Zoomo cites economic changes for laying off staff An Australian start-up appeared to be expanding and had a promising future, but the company has now fallen victim to broader economic woes. Months after poaching executives from US rideshare companies Uber and Lyft, an Australian e-bicycle start-up has laid off 16 per cent of […]

‘Failures’: ASIC nabs banks, mining giants

‘Failures’: ASIC secures $230m in penalties against big banks, mining giants Big banks and mining giants are among those caught out by ASIC for “failures” that resulted in a combined total of $230m in penalties. Australia’s corporate regulator secured almost $230m in civil penalties in the last financial year, including against giants Westpac, NAB and […]

Huge change coming to parental leave laws

Australia’s parental leave to be expanded to 26 weeks in Albanese’s first federal budget One group of Aussies will be eligible for $6500 extra in government payments under sweeping new changes to be included in the federal budget. Australia’s paid parental leave allowance will be expanded by six weeks as part of its biggest change […]

Big change to Coles Express sites

‘Exciting next step’: Big change to Coles Express sites Supermarket giant Coles has announced a new development involving its 710 Coles Express sites across Australia. Coles is selling its 710 Coles Express sites to petrol and diesel supplier Viva Energy for $300m. The deal announced on Tuesday will allow Coles to focus on its core […]

Why world bankers laughed at Australia

Why Australia is being laughed at by world bankers amid inflationary pressure The RBA is pushing for more frequent inflation data after being laughed at by fellow central bankers at an economic conference in Zurich. The Reserve Bank is pushing for more frequent inflation data from the Australian Bureau of Statistics, with quarterly updates currently […]