Category: Business
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Australia reaffirms climate change commitment
Australia has today reiterated its commitment to the Paris climate change pact agreed in 2016, as concerns grow over the future of the United States in the agreement. With likelihood increasing that US President Donald Trump will pull the world’s largest carbon emitter out of the agreement that the Obama administration played a large part…
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Welfare drug tests could result in income management
The Federal Government has warned that any welfare recipients who fail drug tests will risk being forced onto a total income management scheme. The government are due to begin the mandatory testing of 5000 new Centrelink customers next year, and while it is expected that less than 10% of those subjected will test positive to…
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Careers Australia enters voluntary administration
Careers Australia has been placed into voluntary administration after being denied access to a new government-backed vocational education scheme. One of Australia’s largest vocational education facilities, the service has been majorly downsized after finding itself unable to meet payroll and operational costs, meaning that 1,000 employees have been stood down without pay as well and…
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MPs accused of ‘squabbling’ in face of global security crisis
A new report by a defence industry has accused Australian MPs of wasting time by “squabbling” over defence industry jobs while “the world is going to hell”. Dr Mark Thomson, an analyst for the Australian Strategic Policy Institute, says that Australia is employing the wrong attitude towards defence policy in the face of a deteriorating…
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ACCC reports 30% rise in cyber crime and online scams
The Australian Competition and Consumer Commission (ACCC) has claimed that reported business scams and cyber crime relating to scams rose by around 30% in 2016, leading to greater concerns about online security and the targeting of businesses. The Commission’s Scamwatch program had reported the rise in the number of businesses being subjected to fake invoices and payment…
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Government to overhaul privacy code amid data concerns
The government has announced plans to reform the privacy code and processes of the Australian Public Service (APS) in order to combat public concerns about the ability of the government to handle people’s personal details safely. The announcement was made today by the Secretary of the Department of the Prime Minister and Cabinet, Martin Parkinson,…
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TPG makes new bid for Fairfax with $2.7 billion cash offer
A consortium affiliated with TPG Private Equity group has raised its initial offer to acquire Fairfax media after a market share rise. The offer values Fairfax at around $2.75 billion and is a 12% rise on the company’s closing share price of $1.07 last week. In early trade today, Fairfax shares rose 7% to $1.147, which represents an increase…
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Lessons for a jobseeker
Looking for work can be very stressful. A typical jobseeker will go from interview to interview, applying for jobs and trying to impress people, and when an opportunity ends in disappointment, it can be a bitter pill to swallow. However, there are a few important lessons about the world of employment that will hopefully keep bad job…
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Malcolm Turnbull in delayed meeting with Donald Trump
Prime Minister Malcolm Turnbull is finally meeting with US President Donald Trump this morning, after an intended meeting yesterday was delayed due to Trump’s occupation with his renewed healthcare bill. Mr Trump chose to remain in Washington last night instead of travelling to New York to meet with Mr Turnbull as he oversaw the passage…
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Turnbull government defends action on gas prices
The Federal Government has defended its move to place export restrictions on domestic gas supplies, after the Opposition questioned the claim that gas prices could be reduced by half under the new measures. The government has moved to remedy the current situation, wherein the vast majority of Australia’s domestic gas is shipped overseas, by placing restrictions…