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Latest news: Economy, Business and Finance

Final gas code to take effect; sector warns of shortage

Final gas code to take effect; sector warns of shortage

A finalised gas code of conduct aims to avert future price shocks for households and businesses, but producers warn urgent action is needed to boost supply.

Victorians to pay the country's most property taxes

Victorians to pay the country's most property taxes

Victorians to pay the country's most property taxes

Victorians to pay the country's most property taxes

An independent report has laid bare the extent to which both the Victorian and NSW state budgets depend on property taxes.

Few plan to spend tax returns as economy stalls

Few plan to spend tax returns as economy stalls

Few plan to spend tax returns as economy stalls

Few plan to spend tax returns as economy stalls

Fear of a slowing economy and direct financial pressures are weighing on taxpayers, with most planning to bank their tax returns or service debts.

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ANZ leads big four on climate-aligned banking: report

ANZ leads big four on climate-aligned banking: report

ANZ is in front as Australia's "big four" move toward more responsible banking as part of a push for net-zero lending and investments by 2050, a report shows.

Thinking behind Reserve Bank's 'hawkish pause' on show

Thinking behind Reserve Bank's 'hawkish pause' on show

Reserve Bank boss Philip Lowe will this week give a speech after keeping interest rates steady in July and the big four banks will be grilled by politicians.

Woman protests as fracking rig heads for Beetaloo Basin

Woman protests as fracking rig heads for Beetaloo Basin

A big drilling rig is on its way to the Beetaloo Basin in the Northern Territory as protests are held against the operation.

Renters' rights in sight as NSW targets excessive hikes

Renters' rights in sight as NSW targets excessive hikes

Further rental market reforms have been proposed in NSW where the government aims to set its changes in stone before the end of the year.

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Big bank won't leave bush bare by lopping more branches

Big bank won't leave bush bare by lopping more branches

Big bank won't leave bush bare by lopping more branches

Big bank won't leave bush bare by lopping more branches

Commonwealth Bank has committed to no regional closures until 2026, but has flagged more "multi-channel" branches with reduced in-person banking hours.

Savers warned to show more interest in banking rates

Savers warned to show more interest in banking rates

Savers warned to show more interest in banking rates

Savers warned to show more interest in banking rates

Major banks will have an opportunity to explain why some of their customers are missing out on decent savings rates at a parliamentary hearing.

Senior Liberal backs 'poor old Philip Lowe'

Senior Liberal backs 'poor old Philip Lowe'

Senior Liberal backs 'poor old Philip Lowe'

Senior Liberal backs 'poor old Philip Lowe'

Central bank governor Philip Lowe is "well qualified" to remain in the job after his term expires in September, a federal Liberal frontbencher says.

Renters at risk of stepping off 'affordability cliff'

Renters at risk of stepping off 'affordability cliff'

Renters at risk of stepping off 'affordability cliff'

Renters at risk of stepping off 'affordability cliff'

Tenants still face sharp price increases but easing vacancy rates suggest rental growth may be losing steam.

Record fine for broker with history of non-compliance

Record fine for broker with history of non-compliance

Record fine for broker with history of non-compliance

Record fine for broker with history of non-compliance

Corporate regulator ASIC has fined retail broker Openmarkets a record $4.5 million for failing to stamp out a client's suspicious trading activity.

Pause in interest rate hikes no salve for mortgage pain

Pause in interest rate hikes no salve for mortgage pain

Pause in interest rate hikes no salve for mortgage pain

Pause in interest rate hikes no salve for mortgage pain

More mortgage holders are likely to miss repayments despite the RBA pausing rates, yet analysts say robust lending rules should keep a lid on delinquencies.

Court backs green light on Narrabri coal mine expansion

Court backs green light on Narrabri coal mine expansion

Court backs green light on Narrabri coal mine expansion

Court backs green light on Narrabri coal mine expansion

Climate activists say a court's decision to dismiss their bid to stop Whitehaven's Narrabri coal mine expansion was "out of step with community expectations".

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Bad bosses face jail if SA industrial death laws pass

The South Australian parliament will consider proposed laws to make industrial manslaughter a criminal offence with a maximum 20-year jail term.

New vehicle market motoring despite brakes on supply

Supply issues have failed to prevent a big jump in new vehicles sales to close out the financial year.

RBA opts for pause as hikes wash through economy

The Reserve Bank has kept interest rates steady with light appearing at the end of the tunnel for mortgage holders in the fight against inflation.

Relief as Reserve Bank hits pause on interest rates

Borrowers will welcome a break from interest rate hikes as Australia's central bank opts to keep the official cash rate steady at 4.1 per cent.

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Fruit and vegetable grower Costa confirms takeover bid

Shareholders of Costa Group could receive a healthy financial boost after the fruit and vegetable grower confirmed it received an unsolicited takeover offer.

Mini-home building boom might be ready to splinter

Fresh data points to a rise in home-building, an uptick in housing lending and recovering property prices - but storm clouds are gathering.

Tight squeeze in mortgage belt as hikes hit hip pockets

The prospect of another rate hike is heaping pressure on a growing number of mortgage-holders struggling to meet their repayments.

Expert unit tackles 'scamdemic' bilking Aussie millions

While the federal government has assembled a team of scam-busting experts to target investment swindles, a consumer group says alternative action is needed.

PwC identifies eight partners involved in tax leak

The names of eight sacked partners from embattled consultancy firm PwC have been revealed as the investigation into the tax leak scandal continues.

Jobs slashed as miner Aurora enters administration

Administrators have been called in to oversee struggling miner Aurora Metals' Queensland assets, with the future of 45 employees in the balance.

Fresh support for Porter Davis customers who missed out

The Victorian government has extended its support scheme for Porter Davis customers who were left out of pocket when the company went into liquidation.

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