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Labor leader Bill Shorten has backed down from his ‘captain's call' to roll back company tax cuts for businesses with turnovers between $10 million and $50 million a year, after a leadership meeting today.

A three-year battle over an exploration licence in the northern Goldfields has resulted in a win for prospector Andrew Paterson, who appealed against a ruling by the former mines and petroleum minister in favour of listed company Connected IO.

SWAN Systems is a web-based soil moisture measurement and monitoring decision support system that collects automatically logged data from sensors.

The Australian share market has ended the final trading day of the financial year on a sour note after a late afternoon sell-off, as energy stocks fell despite soaring oil prices and healthcare and financial stocks retreated.

The federal government has today announced its $35 billion frigate project will be built in Adelaide, with local shipbuilder Austal missing out on the main contract.

Two local mining companies have been forced to provide clarifications to the ASX this morning, with Flinders Mines responding to a presentation given by BBI Group, while lithium-focused AVZ Minerals told investors to ignore a Twitter post from one of its strategic advisers.

Swick Mining Services has announced two contract extensions worth about $80 million, including a renewal at Northern Star Resources' Jundee gold mine near Wiluna.

The state government is aiming to decide the future of the TAB by the end of this year, following today's release of a Treasury paper warning that failure to sell the state's betting agency could create a major risk for the longevity of the local racing industry.

The board of Atlas Iron has unanimously recommended a revised bidder's statement from Hancock Prospecting, while also announcing the suspension of production at its Mt Dove iron ore mine due to challenging market conditions.

Private real estate and investment firm Warrington Property has completed its $50 million redevelopment of the William Square office building in Northbridge, and has appointed agents to lease the remaining vacant space.

Despite the turnaround in the Darling Range by-election, the Liberals would do well not to get ahead of themselves.

The Australian share market has opened flat despite gains from the miners on the last trading day of the financial year.

Shorten hit by Labor tax backlash

The Australian dollar has bounced back and is higher against the greenback, after trading at its lowest level in around 18 months on Thursday.

Oil prices have climbed with US crude hitting a three-and-a-half year high, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran.

US stocks have risen as technology and other growth sectors rebounded from the prior day's declines and financial shares snapped a 13-day losing streak.

Western Australia was among the states leading a rise in job vacancies, which lifted 5.7 per cent between February and May driven by with growth in both the private and public sectors.

Stan Perron's long and influential role in WA has continued with his recent commitment to donate $10 million to the Perron Institute for Neurological and Translational Science.

The Australian share market has broken a four-day losing streak and ended the day higher, with energy and materials stocks leading the gains.

Mineral sands-aspirant Strandline Resources has appointed GR Engineering Services to lead a definitive feasibility study at its Coburn project, while Arafura Resources has signed on Mining Plus and a number of other consultants for a study at the Nolan project.

West Perth-based junior miner Talga Resources has announced an oversubscribed placement raising $8.5 million to fund growth of its graphite and graphene technologies business.

Tanami Gold says it will exercise a put option forcing Northern Star Resources to buy a 15 per cent stake in the junior miner's Central Tanami project for $20 million, after the Bill Beament-led company said it had not reached commercial production at the joint venture mine.

Richard Goyder will become chair of Qantas in October, less than a year after he joined the board of the Sydney-based carrier, replacing Leigh Clifford after more than a decade in the role.

Carnegie Clean Energy has agreed to sell its battery storage and microgrid business to ASX-listed Tag Pacific as part of an all-scrip merger deal.

The future of Atlas Iron has been further muddied today after the takeover target said the state government had indicated to media it could compromise on its policy regarding development rights at Port Hedland if either Fortescue Metals Group or Hancock Prospecting takes control of the junior miner.

Automotive Holdings Group has revealed that the planned $400 million sale of its refrigerated logistics business to Chinese conglomerate HNA Group will not be completed by the specified June 30 deadline, with the company unsure whether a deal will be reached.

Chevron set to axe 400 jobs

The Australian dollar is lower against the greenback after a moderation in the Trump administration's approach to Chinese investment spurred the US dollar to rally against most major currencies.

Oil prices have jumped as plunging US crude stockpiles compound supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that im

Gold prices have dipped to a fresh six-month low as the US dollar strengthened, making bullion more expensive for buyers using other currencies.

SPECIAL REPORT: The recent appointment of a full-time chief executive and the shift to new facilities have been major factors in the Wanneroo Basketball Association's success during the past three years.

SPECIAL REPORT: Buurabalayji Thalanyji Aboriginal Corporation is a registered native title body that has evolved rapidly in recent years to have growing commercial operations supported by strong governance and financial practices.