Wesfarmers has uncovered $24 million in “payroll errors”, as the company announced it had underpaid Target staff by $9 million and a $15 million remediation in its industrial and safety division. The latest revelation comes months after Wesfarmers revealed it had also underpaid staff at its hardware division, Bunnings, and […]
Climate change is set to become an inescapable part of negotiations now underway over an Australia-European Union free trade agreement, and also negotiations over the Australia-UK agreement necessitated by Britain’s exit from the European Union. By Bruce Wilson and Chloe Ward Both agreements are needed to help shore up the […]
We see it almost every day in the media; rent-seekers extracting benefits for themselves through political influence and lobbying at the expense of the broader community. It has very little to do with markets. By John Menadue AO It is about political favours for the powerful. No wonder that more […]
The Australian agriculture industry faces a “multi-year rebuild”, a new report has warned, and consumers may see some price rises as a result. By Isabelle Lane 2020 will be an “extremely challenging” year for farmers, with production likely to remain “weak” and farm gate revenues set to shrink for the […]
Scott Morrison’s puerile sneer that most of his cabinet ministers wouldn’t even know who (NSW Environment Minister) Matt Kean was actually contains a grain of truth. Not just because most of his ministers are pig-ignorant (well, not all of them, and not entirely) but because they realise that there is […]
It was a story that raised a few hackles, particularly in Canberra, but one largely overlooked as unfolding disaster gripped the nation. Early last month, as fire swept across large parts of the east coast and South Australia but before the Christmas conflagration, secret internal documents detailing ANZ’s rapid retreat […]
Workers in outer suburbs and regional cities are bearing the brunt of a slowdown that is cutting their wages, according to figures that reveal the regions where Australians are struggling to get more work. By David Crowe Parts of country Victoria and NSW are suffering from deeper underemployment as their […]
A federal independent commission against corruption would get to the bottom of the sports grants scandal, according to Tony Harris, who was the auditor-general of NSW for seven years. By Linda Mottram and Scott Mitchell Key points The Federal Government awarded $100 million of sports grants just prior to the […]
The resource giants who built the mining boom since 2000 earned $53.8 billion in revenues in the 2017-18 year without paying any tax, according to the Australian Taxation Office’s latest figures. By Rod Myer Overall, one-third of companies with revenues over $100 million, or 710 firms, didn’t pay any tax […]
The budget surplus may remain, but the economy continues to struggle. The fires will have done nothing to improve that. Right now investors and economists are trying to work out just how badly the Australian economy will be affected by the bushfires – a task made slightly more difficult because […]