CSIRO To Slash 500 Jobs, Aims To Save AU$100 Million Amid Financial Pressures
About 500 jobs are reportedly under threat, which the agency's staff union warns could jeopardize its research capabilities and national scientific expertise.
WA Braces for AU$3 Billion Budget Hit as Iron Ore Prices Plummet
Western Australia is fearing an economic downturn due to falling iron ore prices. However, the government's cautious budgeting may thwart the problem.
Booktopia Emerges From Administration After digiDirect Acquisition
Bookstopia immediately resumed trading, after digiDirect made the quick acquisition thanks to its owner, Shant Kradjian.
Westpac Reports 6% Profit Rise As Cost Control, Lending Margins Push Shares To Six-Year High
Westpac surged ahead of its peers who were still grappling with soaring high interest rates and rising cost-of-living pressures, which led to concerns about asset quality and loan repayment.
NAB Reports 8% Profit Dip Amid Rising Costs, But Margins Lift Share Price
Despite the challenges, the bank's core operating margins boosted investor confidence, leading to a 1.5% increase in its share price by mid-session.
Australia, New Zealand Pledge Unified Defense Against Major Cyberattacks In ANZUS Partnership Talks
Under the ANZUS Treaty, Australia and New Zealand strengthened their defense cooperation by promising to take coordinated military action against cyber threats.
NDIS Minister Warns States As Government Pushes For Cost-Cutting Reforms
Acknowledging the ongoing resistance from state governments, Bill Shorten emphasized that the proposed reforms aim to reduce costs by AU$14.4 billion over four years and limit annual growth to AU$1.5 billion.
SEEK Reports 20% Drop In Job Advertisements, Forecasts More Decline
The recruitment company's stock price fell 8.5%, causing a loss of AU$600 million, as SEEK's CEO, Ian Narev, predicts fewer job ads in Australia and New Zealand next year.
Australian Government Proposes 'Trust Exchange' ID System For Streamlined Identity Verification
Using QR codes and tap-to-pay methods, the ID system will securely communicate information from MyGov accounts.
Australia's Top Intelligence Officer Urges Caution Over Foreign Threats To Diaspora Communities
Mike Burgess added the need of the hour was careful communication about national security to protect the public from growing threats and extremism.
Government Plans For Partial Gambling Ad Ban Amid Calls For Comprehensive Reform
Despite sweeping support for the reforms, the government is planning on a partial ban for the time being, which critics argue would fall short of addressing the issue effectively.
RBA Deputy Governor Advises Patience On Rate Decisions, Cautions Against Premature Predictions
The RBA's Andrew Hauser said, "As humans, we are all prone to overconfidence, particularly when forecasting the future. In many cases, the answer we ought to give is that we simply do not know."
Tax Relief For Remote Australians On The Horizon As Coalition Pushes New Election Policy
Under the proposed policy shift, the Zone Tax Offset (ZTO) and other regional concessions will be rolled out, aiming to soften the higher living costs faced by residents living in the areas.
Rex Airline Owes AU$500 Million To 4,800 Creditors Amid Voluntary Administration
Consultation regarding the layoffs started on July 31, with termination notices being circulated the same night.
News Corp Mulls Sale Of Foxtel Amid Financial Struggles, Streaming Competition
News Corp's consideration of the sale is driven by emerging interest from potential buyers, and its unsuccessful bid to compete with Netflix by launching new services like Kayo and Binge.
Government Pledges AU$3.6 Billion To Boost Early Childhood Educator Wages
This salary boost is conditional on childcare center agreeing to a 4.4% fee ceiling over the next year.
Australian Carbon Capture Firms Partner With Japan's J-Power To Explore Offshore CO2 Storage
The joint study agreement, which was disclosed Wednesday, focused on capturing and storing carbon dioxide from Japan and Australia in the surrounding regions of Australia's Bonaparte and Browse basins.
David Speirs Steps Down As South Australia Opposition Leader, Cites Family Commitments, Leadership Strain
Speirs, who was at the helm of the Liberal party since the 2022 state election, said that he could no longer handle the overwhelming demands of the role, which affected his personal life and his ability to lead the party effectively.
Victorian Government To Increase Public Health Funding By AU$1.5B, Scraps Hospital Merger Plans
This additional cash will support a record wage increase for nurses and midwives over the next three years.
CFMEU Faces Federal Court As FWC Pushes For Independent Administrators, Cites 2,600 Law Breaches
The FWC informed the court that since 2003, the CFMEU had breached federal workplace laws over 1,500 times, with an additional 1100 contraventions by its officeholders and members.
Queensland Premier Vows To Lower Petrol Prices With New Pricing Regulations
Miles also pledged to establish at least 12 state-owned fuel stations that would operate on a cost-recovery basis and offer petrol, diesel, and electric vehicle (EV) charging.
US' Joby Aviation Applies For Certification To Launch Electric Air Taxis In Australia
Joby said it was particularly focused on reducing city traffic by introducing its fleet of quick, short-distance flights.
Australian Federal Police Seize Properties, Accounts Of Russian-Born Couple Accused of Spying
The AFP also seized the couple's multiple bank accounts and Kira's superannuation funds accumulated during her time in the ADF.
Westpac Shuts Down RAMS Financial, Halts New Home Loan Applications
Westpac, however, said RAMS' existing customers will remain unaffected and that they can access service through the RAMS app, website, and call center.
NSW Mandates Public Servants To Be 'Physically Present' In Offices, Restricts Remote Work
A directive sent to all public servants raised the concern that employees, who were at the beginning of their careers, were missing the on-the-job learning experience available only by working face-to-face with experienced colleagues.
Australian Conservation Foundation Faces X Suspension After Being 'Report Bombed' By Pro-Nuclear Groups
The agency alleged that its account was "report bombed by pro-nuclear groups" to suppress its dissenting views on nuclear energy.
Western Australia EPA Rejects Woodside's Gas Drilling Project Over Environmental Concerns
The experts are worried that an extraction at the Browse basin could lead to the sinking of an entire beach inhabited by endangered turtles and increase the possibility of a major oil spill in the region.
Linda Reynolds' Defamation Trial Begins With Senator's Attorney Alleging Media Manipulation By Higgins
Reynolds' attorney, Martin Bennett, said Higgins and her husband, David Sharaz, came up with a thorough media strategy to paint the senator as the antagonist, as "every fairytale needs a villain."
ACCC Joins Call For Centrepay Reforms Amid Rising Concerns Over Exploitation, Non-Compliance
To prevent abuse and shield welfare beneficiaries from exploitation, the ACCC is joining forces with advocacy organizations and authorities, such as ASIC and state ombudsman, to demand tighter regulation of Centrepay.
Sydney Authorities Confiscate $828 Million Worth Of Methamphetamine; 2 Arrested
The operation was initiated after Crime Stoppers and intelligence from US Homeland Security Investigations received a tip off from an anonymous source.