AAP

Australia's share market closed at its lowest level since the first week of October after investors felt the fallout of a plunge on US markets.

ANZ will tighten its policy on coal, but gas will be treated as a transition fuel, the company said as it reported a 42 per cent profit fall.

Fortescue Metals Group has posted a 5 per cent rise in first-quarter iron ore shipments, with demand in China for the steelmaking ingredient remaining robust.

Investors have helped the share market to its first gain in five sessions after shrugging off a poor US lead, as their peers worried about coronavirus infections.

Australia is on track to receive its first batch of coronavirus vaccinations early next year.

Coles has reported sales revenue rose 10.5 per cent in its first quarter, driven by Victorians stockpiling goods amid coronavirus lockdowns.

Australians on welfare will soon be subject to Centrelink's debt recovery program again, with the government ending the pause put in place because of the pandemic.

Scott Morrison agrees with the Reserve Bank that the economic recovery from the COVID-19 recession is under way.

Unemployed Australians should know by December what the rate of JobSeeker will be next year, with elevated payments likely to continue temporarily.

Business failures will increase even as the Australian economy starts to recover from the coronavirus pandemic's impact, a senior Reserve Bank official says.

The former deputy chair of the corporate watchdog continued to receive taxpayer-funded rental payments for more than a year after concerns were first raised.

The Australian share market has fallen to a three week low in a result one fund manager described as an over-reaction to drops in US stocks.

Australia Post licensees have rallied behind CEO Christine Holgate and plan to send $5 notes to the prime minister to protest her being stood down.

Premier Mark McGowan has brushed aside the findings of a new poll showing most West Australians want him to set a date for reopening state borders.

Treasurer Josh Frydenberg has doubled down on bold job creation claims despite senior officials contradicting his calculations.

Employers and unions have backed Victoria's plan to lift coronavirus economic clamps as thousands of Melburnians prepare to return to work.

Investors have suffered minor losses on the Australian share market to start a week one expert warns could turn tumultuous.

Australia Post will face a one-month investigation examining the organisation's gift and expense culture after watches worth almost $20,000 were handed to senior executives.

Westpac has warned of a $1.22 billion hit to earnings ahead of its full-year results next week, partly due to writedowns and revaluations.

The deputy chair of Australia's corporate regulator has quit after it emerged he claimed nearly $70,000 from taxpayers to cover rent.

Australians are expected to need two doses of a coronavirus vaccine to be protected against the disease.

Investors might be satisfied with a slight dip on the Australian share market after they recovered some losses following a major risk event – the final US presidential debate.

Scott Morrison has put all government-owned businesses and agencies on notice that luxury gifts and above-limit expense claims won't be tolerated.

Major project status has been granted to the Asian Renewable Energy Hub, a 15 gigawatt green hydrogen project backed by Vestas.

Hundreds more Australians stranded overseas will soon be able to fly home each week.

The chairman of the corporate watchdog ASIC is standing aside pending a review of expenses.

Qantas has suffered a $100 million hit to its first quarter earnings after several states closed their borders in July in response to Victoria's coronavirus outbreak.

Mark McGowan has slammed Gladys Berejiklian after she claimed WA owed NSW millions of dollars for accommodating travellers in hotel quarantine.

Luxury watches worth $12,000 could spell time's up for Australia Post chief executive Christine Holgate, who has sensationally stood down over a gift scandal.

Australia's share market has closed lower after Wall Street finished down on economic stimulus concerns, while the dollar crept above 71 US cents.

A crew member from the Al Messilah livestock ship has been hospitalised in Western Australia as the state recorded eight new COVID-19 cases.

Western Australia's parliament has cleared the way for industrial manslaughter laws which will enforce a maximum penalty of 20 years' imprisonment for workplace deaths.