Australian businesses are mildly confident about the future, despite concerns about possible weakness in the mining sector and political uncertainty in Canberra.
Ramsay Health Care says it will expand operations at Peel Health Campus as soon as it can, after Health Minister Kim Hames revealed it as the new owner-operator of the troubled hospital.
The high costs of compliance with the Minerals Resource Rent Tax are destroying confidence and threaten to push investment offshore, industry leaders have told a Senate committee hearing in Perth.
The federal government has moved to end damaging pre-budget speculation over the nation's retirement nest eggs, announcing a series of measures, including a 15 per cent tax on superannuation earnin
Australia will continue to benefit from China’s economic growth but governments should strive to forge deeper and friendlier ties with the emerging super-power, business leaders argue.
Consumer and business confidence in Australia should rebound in 2013 if the global economy stays relatively stable, says Commonwealth Bank chief executive Ian Narev.
Federal Labor has accused the coalition of a "staggering backflip" after the opposition signalled it might keep the government's extension of the petroleum resource rent tax to onshore projects.
A tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent, the federal government has ann
Prime Minister Julia Gillard has touted Australia's friendship with China on the eve of her visit to the regional powerhouse, saying only Labor has a plan to engage with fast growing Asian markets.
Opposition leader Tony Abbott has indicated a federal coalition government would not invest in state urban rail projects, insisting the Commonwealth should “stick to its knitting” of funding roads.
Australia's trade deficit has shrunk by more than $1 billion and demand for its mineral resources is set to increase as China's manufacturing and services sectors continue to expand.
Revenue from the federal government's controversial mining tax is likely to remain modest unless there is a sizeable spike in coal and iron ore prices.
Resource companies either want the federal government's controversial mining tax scrapped, or left as it is, as Treasury tries to work out how it got its revenue forecasts for the impost so wrong.
Deputy Prime Minister Wayne Swan would be the highest-profile casualty as the coalition cruises to victory at the September 14 federal election, according to analysis of recent polling.
Visitors to the Sculpture by the Sea exhibition on Cottesloe Beach have been slugged more than $100,000 in parking fines, the local council has revealed.
It's official: Perth is now home to four of Australia's five most advantaged suburbs, and people are flocking to share in Western Australia's wealth boom in record numbers.
Federal Labor could lose at least 24 seats at the next election, according to an opinion poll of marginal seats taken for the Australian Financial Review.
Prime Minister Julia Gillard has left open the possibility the federal government will raid wealthy people's superannuation tax concessions in the May budget.
