Recent News

Labor joins Coalition in backing larger trade deal to replace TPP

Labor has signalled its support for the concept of a much larger trade agreement than the Trans-Pacific Partnership. The Turnbull government has sent similar signals after the election of Donald Trump, given the likely failure of the TPP. A new consensus is emerging in Canberra in the lead-up to a meeting this weekend of the Asia-Pacific Ec...

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Mining magnate Andrew Forrest named WA's 2017 Australian of the Year

Philanthropist and mining magnate Andrew Forrest has been named Western Australia's 2017 Australian of the Year. The Fortescue Metals Group founder and Minderoo Foundation co-founder received the honour at a ceremony at Perth's Government House. Mr Forrest was chosen for driving hands-on philanthropy to support 250 community causes,...

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Changes to the pension asset test will ripple through the economy

On January 1, 2017 the age pension will undergo significant changes. Changes to the assets test, which determines who can receive a pension and how much, could see 166,000 pensioners receive an increase in their entitlements. But many people will also have their pensions reduced and others will become ineligible entirely. These headline...

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Trump continues to dominate as markets become cautious

While global markets had a pause to gather their thoughts and take some profits off the table at the end of the week, ASX futures trading points to a marginal rise on the Australian market's opening. Friday's 0.5 per cent fall in the MSCI global index wiped out the week's gains, although breaking it down the big winner was Japan ...

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Budget deficits will grow, economist warns

Treasurer Scott Morrison's budget is facing significant deterioration, with a private forecast tipping bigger-than-expected deficits over the next four years. The closely-watched budget monitor from Deloitte Access Economics predicted this year's deficit would blow out by $3.4 billion to $40.5 billion, and $24 billion over the forwar...

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Latest news

Frank Wilson leads Quintis board spill bid

Former Quintis chief executive Frank Wilson has jointly requisitioned an extraordinary shareholders meeting of the sandalwood company to spill its board. A Wilson family company, Domenica Nominees, has combined with fellow Quintis investors John and Nerita Allen to call a meeting under Section 249D of the Corporations Act with the intenti...

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