Shreyashi Chakraborty

The Tax Office redefining the term for "beer" might result in higher taxes on brewed beverages such as lagers, ginger beers, and seltzers.

In 2023, the eSafety Commissioner had issued the AU$610,500 fine for failing to effectively respond to questions regarding harmful content involving children on its platform.

Law firm Maurice Blackburn brought triple class action claims against ANZ, Westpac, St George Finance, and Macquarie Leasing over alleged exploitation of flex commission arrangements, which were banned in 2018.

The Australian government has arranged 580 seats on Thursday and Saturday flights for citizens, permanent residents, and their families who wanted to leave Lebanon.

The IMF noted in its statement that the Australian economy will likely experience a moderate slowdown in 2024, with a growth rate of 1.2%. The scenario will probably improve in 2025, with the growth rate jumping to 2.1% straight.

Under the agreement, Santos will supply up to 500,000 tons of liquefied natural gas (LNG) annually for three years, starting in Q4 2025.

The affected areas will be the Direct Insurance Australia and Intermediated Insurance Australia divisions.

The brands getting the axe are Rockmans, Autograph, Crossroads, W Lane, and BeMe, following which, Mosaic will focus on its five other brands -- Katies, Millers Noni B, Rivers, and its standalone Mosaic marketplace, Mosaic Brands, CEO Erica Berch said.

Announcing the funding, Prime Minister Anthony Albanese said his government wanted to crack down on "misleading and deceptive pricing practices and unconscionable conduct.

Chalmers believes the recent stimulus measures from China, including its decision to cut interest rates and inject liquidity through mortgage refinancing could potentially boost steel demand, leading to an increase in iron ore prices.

The engineers across major airports, including Sydney, Melbourne, Brisbane, Canberra, Adelaide, and Perth, have threatened to hold further strikes if their demands aren't met.

The results of its latest supermarket pricing study, tabled after comparing prices of 14 common grocery items across 104 stores nationwide, found Aldi to be cheaper by at least AU$18, while compared to Coles or Woolworths.

A court filing on the Federal Court of Australia's website revealed Thursday that knowledge about the issue was fragmented among the senior Qantas managers.

Chalmers' visit comes a year after Albanese made history as the first Australian prime minister to visit China in seven years.

The core consumer price inflation (CPI), which removed volatile price movers, also fell from 3.7% in July to 3%.

BGF had initially entered a trading halt on July 1 to restructure its funding arrangements. The halt was extended in August, citing ongoing discussions and the potential for a binding offer in early September.

"While headline inflation will decline for a time, underlying inflation is more indicative of inflation momentum, and it remains too high," the board said in a statement. "Policy will need to be sufficiently restrictive until the Board is confident that inflation is moving sustainably towards the target range."

The ACCC also brought up allegations that the supermarkets, apart from the deceptive pricing practices, inflated prices on certain products, only to advertise them as "on sale" at a higher price than the original, affecting millions of units.

"The cost of living crisis has meant that Australians aren't turning up to the pubs, they don't have the disposable income they used to," Nationals Leader David Littleproud said on Sunday. "Then when you couple that with the six-monthly increase in excise, that's putting beer out of the reach of many Australians."

Beneficiaries will include those on the jobseeker payment, age pension, disability support pension, carer payment, family tax benefit, and commonwealth rent assistance.

Analysts at the Institute for Energy Economics and Financial Analysis (IEEFA) assessed the plan's potential fallout on local families, and found out that typical households could see electricity bills rise by an average of AU$665 per year to cover the cost of establishing the power plants.

The new policy, aimed at encouraging more gas development, allowed producers to export up to 20% of their gas until 2030.

Part-time stints saw the most gains, with about 50,600 jobs being added last month, while full-time positions fell by 3,100. The employment-to-population ratio increased to 64.3% to an almost all-time high, and the participation rate reached a record-high 67.1%.

Gillon McLachlan, Tabcorp's chief executive, relayed the decision to employees via a memo, confirming that the betting giant's 1500 staff in Sydney, Melbourne, and Brisbane must return to office, effective immediately.

BlueScope Steel's venture fund BlueScopeX signed an MoU aimed at hatching a sustainable method of producing green iron from iron ores and tailings.

The coalition, Greens, One Nation, and Ralph Babet of the UAP opposed the government's resolution, with only Jacqui Lambie voting in favor of it.

Trade Minister Don Farrell announced the agreement in Canberra on Tuesday, highlighting that the deal would curb tariffs on over 99% of Australian products entering the UAE.

The agreement includes a 15% salary increase for both Captains and First Officers in the first year, followed by 3% annual increases in the subsequent two years.

"Given the RBA's hawkish rhetoric, we don't see rate cuts coming until the second quarter of 2025," Oxford Economics Australia head of macroeconomic forecasting Sean Langcake said ahead of the research firm's biannual economic outlook.