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Regulation

04 September 2024 • By Maja Garaca Djurdjevic • 1 min read

Australia’s slowest GDP growth in decades sustained solely by public spending

Australia’s anaemic GDP growth data shows that government spending is more than compensating for the recession in the private sector. Australia’s ...

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Economic growth lowest since 1991–92

Excluding the COVID-19 pandemic period, annual financial year economic growth was the lowest since 1991–92. Australian gross domestic product (GDP) ...

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Iervasi sentenced for role in $54m Ponzi scheme

Tony Iervasi has been sentenced to 11 years in prison, with a seven-year non-parole period, for his role in the Courtenay House Ponzi scheme

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Government unveils thresholds for when firms need to report mergers

The notification thresholds are a part of the new reforms which seek to strengthen local merger laws by providing oversight powers to the consumer ...

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APRA says interaction between private credit and super funds is ‘opaque’

APRA is preparing to launch a stress test to reveal potential “contagion sources”, having found that the interaction between super funds and private ...

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‘Keep the champagne on ice’: Latest CPI data not overly exciting, say economists

Economists broadly agree the RBA is not likely to be overly excited by the latest CPI result. The monthly consumer price index (CPI) indicator rose ...

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Chalmers offers concessions to secure bipartisan support for RBA overhaul

Treasurer Chalmers says the new dual-board structure for the RBA should be operational by early next year after he made a number of concessions in ...

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ASIC wins case against global crypto exchange operator

The regulator has won its case against Bit Trade Pty Ltd for design and distribution failures that have allegedly cost customers just under $13 ...

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Bragg claims Labor protects CFMEU-Cbus connection

Senator Bragg has now accused Labor of “running a protection racket for the CFMEU/Cbus cartel in the Senate” after the bill he introduced on Wednesday ...

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RBA reverts to providing guidance despite previous mistakes

The RBA has once again leaned towards speculation by suggesting that a reduction in the cash rate is unlikely in the near term. The Reserve Bank ...

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