News Australia

One of Australia’s leading investment banks has been slapped with a record-breaking almost $5m fine by the financial watchdog after failing to prevent suspicious orders placed on the electricity futures market. Macquarie Bank was ordered on Wednesday to pay a whopping $4.995m fine by the Australian Securities and Investments Commission’s Markets Disciplinary Panel (MDP) the […]

Coles has announced it is trialling a new feature aimed to reduce single-use plastic bags in the fresh produce department. In five participating Coles stores, customers will be able to reuse a cardboard box used to deliver produce to the store. Those being Coles stores in Prahan, Waverley Gardens, Noosa Heads, Ocean Shores and Hilton […]

A Melbourne teenager who allegedly attacked police with a knife after luring them to his home has been bailed for a hospital stay despite police opposition. Moses Thurairajasingam, 18, was arrested outside his home in Cranbourne West on September 3 after allegedly stabbing Constable Jack Van Brummelen in the right leg. Police allege the teenager […]

Two men in a ute have been rescued from crocodile-infested waters after an attempt to cross a notorious Northern Territory river crossing went drastically wrong. The pair were travelling in a ute being towed by a truck across Cahills Crossing, in Kakadu National Park, during high tide on Monday when a rope connecting the vehicles […]

Climate groups have launched snap action in response to the federal government’s decision to approve multi-decade extensions for three coalmines in NSW. Rising Tide activists brought to a halt a coal train bound for Newcastle’s port on Wednesday, unfurling a banner that read: “Albo: If you don’t stop new coal, WE WILL!” The group posted […]

Three private school boys who allegedly took a wheelchair from a disabled man while on a rugby tour in Japan have been sent home to Australia. The man, who is from the US but lives in Japan, posted a photo of the boys to social media in search of the trio after reporting the alleged […]

The deposit an Australian homebuyer needs has essentially doubled in the space of 12 years. Money.com.au analysis shows the required house deposit in this country has risen 99 per cent since 2012, while wages have only gone up 42 per cent. That 99 per cent rise in the cost of a house deposit is also […]

Inflation in August has fallen to 2.7 per cent, within the range for an interest rate cut. Annualised inflation fell from 3.5 per cent to 2.7 per cent. The Reserve Bank and government want inflation to fall within 2-3 per cent, before the central bank will cut rates. At the end of October a more […]

A provider of the ever-increasing crypto ATMs in Australia has shared illuminating data about which regional centres have the biggest appetite for the blockchain tech. Canadian firm Localcoin has more than 400 Bitcoin ATMs across Australia – about one-third of the total national machines – and has added 36 per month this year. The company […]

Anthony Albanese has appeared to leave the door open on changing negative gearing tax benefits for people with investment properties following reports Treasury was tasked with producing modelling on potential policy changes. Asked whether he would rule out negative gearing as an election policy on Wednesday, the Prime Minister appeared to not explicitly rule out […]