ECONOMY

Tax watchdog says review on ATO conduct imminent after the Hogan case

Amidst allegations that the Australian Tax Office (ATO) crossed the line of decency on its Project Wickenby campaign, the office of the Inspector-General of Taxation hinted on Thursday that a review may be necessary to check on possible excesses in ATO’s conduct as it goes after alleged wealthy tax evaders.

NAB forecasts 4.75% cash rate next month

National Australia Bank Ltd (ASX:NAB) said on Wednesday it expects the Reserve Bank of Australia will lift official cash rate from 4.5 to 4.75 per cent in October, rather than early next year.
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Retirement pay hike for Tasmania's teachers

The Australian Education Union (AEU) in Tasmania will be seeking for teachers near retirement age to be offered payouts in order to open teaching opportunities for young educators.

RBA sees continued scrimping

Economists and the entire retail industry may not be in favor of conservative consumer spending behavior, but the Reserve Bank of Australia (RBA) said it is still a positive sign.

Industrial activity down in September quarter

The latest Westpac-Australian Chamber of Commerce and Industry (ACCI) survey of industrial trends showed local manufacturing activity declined in the three months to September as global concerns and election uncertainty at home outweighed a generally favourable economic background.

Consumers expect prices to increase

Australian consumers expect prices to increase in September, opposing falls over the past four months, thanks to a string of strong economic data, a survey shows.

Tourism needs a lift

Sydney pushes forward in keeping tourists attracted even as tourism operators fear of continuing drops in visitor numbers in the months ahead.

Clem7 still on the red

September 16 marks the sixth month that Clem7 toll tunnel in Brisbane has formally opened its road for vehicular traffic yet its operator, RiverCity Motorway Group (ASX: RCY), was not bent on celebrating the milestone for apparent reasons.

Urban and rural salary gap narrows down

The Commonwealth Bank of Australia (ASX: CBA) injects vitality into the business community through its viewpoint report on urban and rural worker salaries.

ABARE forecasts record winter grain yields and enough summer crop harvests

Australian growers can look forward for a bountiful harvest season as the Australian Bureau of Agriculture and Research Economics (ABARE) released its forecast on Tuesday which pointed to an estimated 40 million tonnes of yield that would mostly come from the rain-soaked areas of the country such as New South Wales.

Lady Gaga wins at MTV VMA Awards 2010

While Lady Gaga's meat-bikini cover on Vogue Homme Japan has been the subject of public outrage especially from animal rights advocate, fans and detractors of the pop star should quell their objection over Lady Gaga's meat dress in MTV Video Music Awards. The meat covering Lady Gaga from head-to-toe (plus a "meat purse") is apparently made of fabric.

ASIC punishes Sydney stockbroker with a 3-year ban for deception

The Australian Securities and Investment Commission (ASIC) meted out a three-year financial services ban on a Sydney-based stockbroker following investigations that showed he secretly obtained profits for relatives during Regional Express Holdings Ltd on-market share buyback.

EPA assesses environmental impact of proposed windfarm in Tasmania

The Environment Protection Authority (EPA) of Tasmania said on Monday that the initial evaluation phase of a proposed windfarm in Robbins Island has already begun as the agency added that it is currently studying the project’s environmental and cultural impact in the area.

Jobless rate down to 5.1%

The Australian unemployment rate decreased 0.2 percentage points to 5.1 per cent (seasonally adjusted) in August, according to official data released today.

Sydney struggles to stay Aussie's No. 1 city

Ten years after the 2000 Olympics, Sydney faces the competition with Melbourne for the role of the top city in the country. GREATER Sydney Partnership founding chairman Peter Holmes a Court is getting the ball rolling for uplifting the city's appeal on people around the globe.

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