AAP

A Senate inquiry sparked by the government's controversial decision to deny extra flights continues in Perth after receiving submissions from farmers.

The local share market has fallen 1.4 per cent to close at its lowest level since early July after the Federal Reserve sounded hawkish on interest rates.

US stocks have closed lower as investors digested comments from the country's central bank.

The Australian share market has dropped 0.46 per cent ahead of the US Federal Reserve meeting and following hotter-than-expected Canadian inflation data.

Qantas chairman Richard Goyder says customers have lost trust in the airline and flagged action on executive salaries, which could cost Alan Joyce millions.

Treasurer Jim Chalmers has released draft legislation aimed at cracking down on dodgy tax advisors and giving the regulator more powers to hunt down renegades.

The local share market has closed down 0.5 per cent following the release of minutes showing the Reserve Bank considered hiking rates earlier this month.

Qantas is an "exceptionally aggressive competitor", a parliamentary hearing into Qatar Airways' failed bid for extra flights into Australia has been told.

The local share market finished down 0.7 per cent at the start of a week that will feature meetings by six central banks and minutes from the RBA.

US stocks have closed lower as investors reacted to semiconductor firm TSMC asking its vendors to delay chip equipment deliveries.

The local share market has finished up 1.3 per cent after the European Central Bank suggested it was done hiking interest rates.

Worker wages are keeping up with productivity gains in most industries, except in the agriculture and mining, an independent commission says.

The local share market has finished 0.5 per cent higher following a better than expected Australian jobs report and a slightly hotter US inflation readout.

Nationals Leader David Littleproud says there are serious cultural deficiencies at Qantas, which lost a court appeal over the sacking of thousands of workers.

The share market has closed 0.74 per cent lower as traders await another key US inflation report that will likely influence the direction of interest rates.

A $10 billion fund that will be used to build thousands of social and affordable homes has passed the Senate after months of negotiations.

A wary consumer is starting to hit vulnerable sections of the private sector, with more business failures likely to come.

After being down as much as 0.5 per cent before lunchtime, the local share market has finished 0.2 per cent higher.

Australian businesses are still faring pretty well, but consumers remain fearful despite the interest rate hiking cycle drawing to a close.

A $10 billion housing investment fund is set to be debated in the Senate and passed by the end of the week after the government struck a deal with the Greens.

The local share market has rebounded to close 0.5 per cent higher, after being down as much as 0.3 per cent in morning trade.

A free pass on diesel use for the mining sector is preventing Australia from becoming an industrial powerhouse and battery manufacturer, a think tank says.

The local share market has finished 0.2 per cent lower, losing 1.7 per cent for the week.

The financial services regulator alleges AustralianSuper charged members the same set of fees multiple times and failed to consolidate duplicate accounts.

The local share market has closed 1.2 per cent lower after strong service-sector data in the US renewed fears about inflation there.

The reporting date for an inquiry into laws to close labour hire loopholes has been pushed into next year, effectively ending its chances of passing this year.

The local share market has finished 0.8 per cent lower, with every sector save energy losing ground.

Tax credits for processing in-demand battery minerals onshore are "on the table" as the federal government considers the next phase of industry support.

The local share market has finished basically unchanged after the Reserve Bank kept rates on hold for a third month, while the local currency plummeted.

The corporate regulator has alleged that between 2015 and 2022 Westpac didn't respond to financial hardship notices from 229 customers.

Qantas chief executive Alan Joyce will leave his job immediately - two months earlier than expected - to allow the airline to "accelerate its renewal".

The local share market has gained 0.6 per cent following a US labour market report seen to reduce the odds of another rate hike.