• Fourth recently released immigration detainee arrested

    A fourth man recently freed from immigration detention has been arrested as the government seeks to put some of the worst offenders back behind bars. The 45-year-old was charged by Australian Federal Police on Wednesday after allegedly breaking the curfew of his visa conditions and stealing luggage at Melbourne airport. A preventative detention regime usually […]

  • RBA gift wraps end-of-year rate relief for borrowers

    Australian mortgage holders have been gifted an early Christmas present as the Reserve Bank chooses to leave interest rates untouched. The board has decided to leave the cash rate at 4.35 per cent at the December meeting in a move most forecasters saw coming. The pause follows 425 basis points of increases to the cash […]

  • Virgin Voyages launches in Australia with a splash

    Sir Richard Branson has launched his new Australia-based cruise liner with a splash – plunging into the ship’s pool surrounded by dancers and champagne. The British business tycoon showed off an app feature that allows cruisers to shake their phone to have champagne delivered, before flutes on trays were carted out and the billionaire did […]

  • Shareholders slug Bank of Queensland with first strike

    Shareholder fury has boiled over at the Bank of Queensland, delivering a first strike to board pay after a year of disappointing earnings results and regulator sanctions. Less than 60 per cent of shareholders voted for the regional lender’s remuneration report at its annual general meeting on Tuesday, well short of the 75 per cent […]

  • Government taps private investors for net zero, defence

    The federal government has pledged to look at ways to leverage $2.5 trillion in capital from superannuation funds and big banks for clean energy, defence and social spending. Treasurer Jim Chalmers hosted a roundtable with executives in Canberra on Tuesday, following similar gatherings on other issues last November and April this year. Dr Chalmers is […]

  • Freed registered sex offender detainee arrested

    The arrest of a registered sex offender has thrown fuel onto the political fire over the release of some 150 detainees from immigration detention. Victoria Police confirmed the 33-year-old, who allegedly breached his reporting obligations, was one of the recently released detainees, making him the third of the cohort to be arrested since being freed. […]

  • Asian stocks slide as focus turns to US jobs

    Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to US interest rates and waited on jobs data. An interest rate decision is due in Australia in the meantime, with traders all but certain the central bank will keep rates steady, leaving the focus […]

  • Late payment repeat offenders to be named and shamed

    Big businesses failing to pay small firms on time will be named and shamed under a crackdown on late payments. But big firms will not have to abide by mandatory maximum payment times, as recommended in an independent review, with the federal government agreeing it would “do more harm than good”. An independent review into […]

  • Government taps private investors for net zero, defence

    Investors representing $2.5 trillion in capital including the nation’s largest banks are set to meet with senior ministers to discuss climate, defence and social investment co-operation. Treasurer Jim Chalmers will host the roundtable in Canberra on Tuesday, following similar gatherings on other issues last November and April this year. Dr Chalmers is seeking to unlock […]

  • Israel upgrades warning for citizens in Australia

    Australia remains a safe place for Jewish people, the deputy prime minister has affirmed, despite Israel issuing travel warnings for its citizens looking to visit. Israel has upgraded travel warnings to multiple countries, including Australia, following a rise in anti-Semitism stemming from the ongoing conflict in the Middle East. Travel warnings to Australia have been […]

  • Drier conditions to drive agricultural production down

    Australia’s agriculture industry is bracing itself for a downturn in production as increasing global supply and drier conditions impact farmers. Total agricultural production will fall by 17 per cent to $78 billion in 2023/24, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). This is $16 billion lower than last year’s […]

  • Sex offender charged after release from detention

    A sex offender released from immigration detention following a High Court ruling has been charged with two counts of indecent assault, prompting the federal opposition to call for two ministers to resign. Afghan refugee Aliyawar Yawari was deemed a “danger to the Australian community” by a South Australian judge in 2016 following attacks on three […]