Swift Networks Group has told the market that it is cooperating with the Australian Competition and Consumer Commission regarding an investigation into an alleged tendering cartel.
Western Australia has recorded the largest drop in retail sales in December compared to other states and territories, according to the latest monthly retail turnover data released by the Australian Bureau of Statistics.
The state’s biggest goldminer will pay a record interim dividend to investors on the back of stronger commodity prices, despite feeling the effects of a higher inflationary environment.
BlueScope has posted a drop in first-half net profit and warned of a "material impact" from proposed emissions rules for firms with big industrial facilities.
Industry, government and financiers need to invest more than $20 billion per year for the Australian economy to expand without dangerous levels of pollution.
Jim Chalmers will push to legislate a common objective for superannuation funds to stop early withdrawals and limit the use of super to accumulate wealth.
Housing Minister John Carey has doubled down on his call for industry to provide more affordable housing, as the state’s housing supply shortage worsens.
Australia’s consumer watchdog has launched legal action against a subsidiary of ASX-listed Swift Networks for alleged bid rigging and price fixing when tendering to WA mine sites.
Information technology company GetSwift has been slapped with a $15 million fine, the largest penalty ordered against a company for breaching continuous disclosure laws.
Piedmont Lithium has signed a deal with South Korea-based LG Chem for a USD$75 million, roughly equivalent to AUD$109.5 million, equity investment over four years.
Rationalisation of WA’s domestic gas sector has taken another step with Mineral Resources securing control of its joint venture partner Norwest Energy.
Australian Unity has bought two childcare centres for a combined $13.5 million, including one of the single largest childcare centre transactions in the state.