The biggest player in Australia's litigation funding market has supported new licensing rules proposed by the federal government while also pushing for the new requirements to be extended to law firms.
Driving growth through productivity, not higher taxes, is Treasurer Josh Frydenberg's key strategy for paying back the COVID-19-accrued debt, with a number of options for tax reform available if he has the ambition.
Consumer confidence received a much needed boost from last Friday's three-step plan from the national cabinet to lift coronavirus-related restrictions in the months ahead.
The federal government has borrowed nearly $60 billion since December, while 25,000 Western Australians will head back to work as stage one restrictions are lifted, according to Treasurer Josh Frydenberg, who has been tested for COVID-19 after a coughing fit in parliament.
Anthony Albanese believes the coronavirus has handed Australia a once-in-a-generation chance to reshape its economy and the nation must seize the opportunity.
Josh Frydenberg's first budget was a triumphant "back in black" performance but his second is predicted to show a $143 billion black hole in the nation's finances.
The Reserve Bank of Australia has chosen to keep interest rates unchanged today at 0.25 per cent, despite news of over 1 million job losses nationwide and a 48.5 per cent drop in car sales.
Australia's coronavirus restrictions will remain in place for four weeks. Health Minister Roger Cook has announced an expanded COVID-19 testing program in WA. The state has reported two new infections and an extra case from the Artania cruise ship.
Only one new local COVID-19 case has been reported in WA. The state will maintain a hard border closure. New laws have been announced for residential tenancies.
A major global credit rating agency has put a dampener on the federal parliament's likely passing of a $130 billion stimulus package aimed at supporting the economy through the coronavirus pandemic.
The Morrison government has ruled out lifting the rate of GST to pay for the billions of spending in its attempt to curb the impact of the coronavirus on the economy.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
Small businesses impacted by the coronavirus crisis will be able to defer their loan repayments for six months under a plan put forward by the banking industry.
Australian small businesses will receive $3.9 billion of tax incentives and $6.7 billion of cash payments as part of a federal government stimulus announced today, while a major investor service has reiterated a small, but positive, growth forecast for the country.
The federal government will announce a stimulus package of up to $20 billion tomorrow to fight the impact of the Covid-19 virus, it has been reported this afternoon, while $2.4 billion of new health funding was announced today.
Prime Minister Scott Morrison told business leaders today that its stimulus package to address the impact of coronavirus would be proportionate, targeted, scalable and temporary.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
The Morrison government has reached an agreement with the states and territories to bear the health costs of tackling the coronavirus on a 50/50 basis, which could end up costing $1 billion.
Scott Morrison has described the coronavirus outbreak as a global health crisis, warning the economic impacts will stretch far beyond Australia's tourism and education sectors.
The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.
Insurers have promised to act quickly on claims made by bushfire victims, with companies told to prioritise local tradespeople when they start paying out for rebuilds.
Federal Treasurer Josh Frydenberg is confident his government will be able to keep its election promise of surpluses over the next four years, despite marked downgrades to the outlook in his last budget update.
Australia's GDP showed only a slight expansion in the last three months, while WA's state final demand fell by 0.2 per cent for the quarter - the second weakest performing state.
The big banks have said they welcome the competition watchdog inquiry into mortgage pricing, with ANZ chief executive Shayne Elliott admitting lenders have not properly explained why their rates do not keep pace with the tumbling cash rate.
The Morrison government has moved a step closer to beefing up the powers of the securities watchdog as part of its aim to restore trust in the nation's banking system.
Australia's tax agency says it can retrospectively deliver tax cuts if the coalition's proposal doesn't pass through parliament before the end of the financial year.
Labor leader Bill Shorten says Department of Treasury costings showing his tax plan will cost an extra $38.7 billion a year for the next decade are wrong.
Millions of Australian workers will get an extra $1000 back and commuters will see a decade of road and rail upgrades in the nation's first surplus budget in 12 years.
Mortgage brokers will continue receiving trail commissions beyond 2020 under a federal coalition government, with Treasurer Josh Frydenberg revealing a plan to scrap them has been dropped.
The panel tasked with reviewing the Australian Prudential Regulation Authority will be led by former Australian Competition and Consumer Commission chair Graeme Samuel and includes Wesfarmers non-executive director Diane Smith-Gander.
The current and former prime ministers agree they waited too long to call the banking royal commission but the treasurer says it's time to look forward, not back.
The banking sector has been told it "must change forever" for forcing the Australian community to pay an immense financial and emotional price over many years.
The property industry is more confident in Western Australia than many other parts of the country, but some in the sector are warning that major policy changes could damage this outlook.
