Treasurer Josh Frydenberg says the economic impact of the bushfires will be significant as Australia battles through an unprecedented bushfire season. 24 people have been confirmed dead and over 1500 properties have been lost this bushfire season. The Reserve Bank was forced to cut interest rates to historic lows over the last year amid a […]

Insurers have begun assessing claims of destruction as Australia suffers through unprecedented bushfires. The Insurance Council of Australia has revealed claims have climbed to $700 million after over 1500 properties were lost this bushfire season. Treasurer Josh Frydenberg has said 20 per cent of the 8500 insurance claims lodged across the nation had been processed […]

Elton John’s music promoter says more than 400 invalid tickets sold by Viagogo have been presented at the music icon’s Australian shows. But the controversial ticket resaler says customers are being refused entry simply because they presented Viagogo tickets. Music promoter Michael Chugg says those claims are completely false. He tells John Stanley they’re “on […]

Treasurer Josh Frydenberg insists the federal government will deliver a surplus despite having sliced this year’s forecast surplus by $2 billion. The mid-year budget forecasts a surplus of $5 billion this financial year, down from the $7.1 billion estimated in the lead up to the federal election. The Government still expects to deliver a surplus […]

Shareholders have confronted the Westpac board at its annual general meeting over the money laundering scandal. Westpac is accused of breaching money laundering laws 23 million times. AUSTRAC alleged Westpac systems were used to fund child exploitation and live child sex shows in south-east Asia. Shareholder and former Australian senator Chris Schacht tells Ross Greenwood […]

The government is allowing digital platforms Google and Facebook to work with the media in producing a voluntary code of conduct to oversee commercial arrangements. If an agreement cannot be made the government will seek to mandate a code by November 2020. The government’s new plan includes $26.9 million investment over four years in a […]