Australia Revamps Pension Tax for Wealthy Savers After Blowback

(Bloomberg) -- Australia’s government has rolled back some of the most contentious elements of a planned tax on large pension balances after its initial plan drew heavy criticism. The government had planned to slap an extra 15% levy on profits...

Australia’s ANZ halts buyback to save A$800 million for strategy overhaul

The bank will also reduce reliance on mortgage brokers and aim to write more loans directly to boost its revenue from home lending [SYDNEY]Australia’s ANZ Group said that it would stop the remaining A$800 million (S$676 million) of a share buyback...

Australia’s ANZ to end buyback but maintain dividend as part of strategy reset

SYDNEY (Reuters) -Australia’s ANZ Group said it would stop the remaining A$800 million ($520 million) of its share buyback but maintain its dividend as newly appointed CEO Nuno Matos moves to preserve more cash and shifts focus to a bold reset of...

Australian gov't to use all available laws to deal with Qantas data breach

CANBERRA, Oct. 13 (Xinhua) -- Australia's Minister for Home Affairs Tony Burke said on Monday that the federal government will use all available laws to deal with the Qantas data breach, involving the personal data of about 5.7 million customers....

Australia’s ANZ to cease around $520 million from remaining buyback

Audio By Carbonatix SYDNEY (Reuters) -Australia’s ANZ Group will stop the remaining A$800 million ($520 million) of its share buyback, as newly appointed CEO Nuno Matos moves to preserve more cash and shifts focus to a bold reset of the bank’s...

Businesses shining on red carpet

In Australian coal miners’ woes, a warning for India

Coal imports: Tough choices | Photo Credit: BISWARANJAN ROUT India’s push to build more blast furnaces to meet its growing demand for steel raises a critical concern: It will result in increased imports of metallurgical coal. Industry leaders...

Australia’s Treasury Wine pauses $130 million buyback, withdraws 2026 earnings forecast

(Reuters) -Australia’s Treasury Wine Estates said on Monday it is pausing its A$200 million ($130.02 million) share buyback announced in August and will not be retaining its guidance for EBITS growth in fiscal year 2026, owing to the uncertain...

South Australia announces $50 dining cash back vouchers to prop up coastal tourism amid algal bloom crisis

From a steak dinner at the pub to a fish-and-chips takeout, South Australians are in line for thousands of free $50 meal vouchers in a bold new bid to get them out and dining at restaurants battered by the state’s rolling algal bloom crisis. South...

PGIM Adds Australia Real Estate Duo

The investment management arm of Prudential Financial has strengthened its Australian real estate business with two new appointments. PGIM has appointed Sam Mellor as head of real estate debt, Australia, according to a statement, effective...

Nominations Open For Shire’s 2026 Australia Day Awards

Gunnedah Shire Council Gunnedah Shire residents can now nominate outstanding individuals or groups for the 2026 Australia Day Awards. The annual awards recognise and honour the achievements and contributions of individuals and groups in the past...

The cost of not caring: How Australia’s care crisis became everyone’s problem

We all know that Australia is facing an acute care crisis. It’s in the headlines almost daily. As an expert in longevity, health, and care, and with the ample lived experience of caring remotely for a mother who lived to 109, I am acutely aware of...

Risks To Salaried Employment Across Economy To Flow From Federal Court Decision

A Federal Court judgment regarding historical entitlements of salaried staff under the General Retail Industry Award (GRIA) will be far-reaching and add further complexity and red tape to salaried employment across all industry sectors,...

Some signs of hope as economy struggles to get traction

Two surveys suggest the economy is struggling to get traction from its recent slide. Photo: 123RF Surveys show economy struggling for traction, but rays of recovery Services sector marginally better but still contracting But freight movements the...

Labor pulls unrealised gains tax from super reforms after fears for small business

Treasurer Jim Chalmers dropped a policy that could have squeezed small business owners holding commercial property in self-managed super funds. Australian Treasurer Jim Chalmers speaks to media during a press conference at Parliament House in...

'Tip of the iceberg': Human trafficking reports in Australia hit record high

Human trafficking alerts in Australia have reached an all-time high, with authorities especially concerned about exploding rates of forced removal and modern slavery. New Australian Federal Police figures reveal there were 420 reports of human...

Yoto makes retail debut in Australia

Yoto makes retail debut in Australia personAustralian GiftGuide Team calendar_monthOctober 13, 2025 Kids’ audio platform Yoto is making its first major retail debut in Australia as it will be available in Kmart and The Memo stores from October...

Cathay Pacific’s cargo hub at Hong Kong International Airport is a telling insight into the state of the global economy  

If you want to take a real-time sample of the global economy in action at any one moment, then the Cathay Cargo Hub at Hong Kong International Airport (HKG) is a particularly fascinating node. HKG is the world’s busiest air-cargo hub and no...

Planning committee approves 14-storey business hub in West Perth

The Western Australian Planning Commission has unanimously approved plans to develop a $250 million, 14-storey building in West Perth for Hancock Prospecting, an Australian mining and agricultural company controlled by Australia’s richest person...

Good Charlotte Officially Announce Australia and New Zealand Tour with Yellowcard and Kisschasy

Good Charlotte have officially announced their return to Australia and New Zealand. After billboards were spotted around the country, the US pop punkers have today announced arena shows in Perth, Brisbane, Bendigo, Sydney and Auckland. Good...