Labor


George Pell sentenced to 6 years jail

George Pell sentenced to 6 years jail

Pell – who appeared in an open black shirt, light tan jacket and a cane – nodded to a friend in court after being brought in by police but then stared straight ahead from the back of the court, showing no real sign of emotion during the sentence. Pell stood as the judge read out…


Labor, Liberals to launch NSW campaigns as poll puts Labor head

Labor, Liberals to launch NSW campaigns as poll puts Labor head

Education will be a key part of Mr Daley’s speech with the opposition leader to pledge $2.7 billion to fully fund public schools and bring them in line with the Gonski commitment.The extra funds will mean 100 per cent of the standard level of funding for every student is delivered by 2027, according to the…


Come back to work drunk, you won’t get fired

Come back to work drunk, you won’t get fired

‘I won’t be vomiting at functions in the future'”This is a wake-up call for me. I won’t be needing assistance or vomiting at functions in the future.”But she strongly denied “heinous allegations” that she had made disparaging comments about other employees while drunk – including saying one “bats for the other side” – and had…


How Westpac head David Morgan got over himself

How Westpac head David Morgan got over himself

The query, which would seep into national business folklore, reflected the extent to which Westpac had slipped behind the arc of progress elsewhere. At the time Joss departed Wells Fargo, almost 60 per cent of its branches in the US were run by women. From this environment, he says, the transition to Westpac, where the…


AustralianSuper targets dirty dozen in Climate Action 100+ push

AustralianSuper targets dirty dozen in Climate Action 100+ push

In a separate development the Australian coal shipments to China are facing customs delays of up to 45 days and one of the country’s biggest ports has reportedly banned the commodity altogether, fuelling fears that Beijing will use trade as a political weapon against Canberra.One coal trader told The Australian Financial Review that Dalian Ports…


Labor abandons Hayne on mortgage brokers, proposes fee limits

Labor abandons Hayne on mortgage brokers, proposes fee limits

A party source said Labor did not want another pitched battle involving consumers ahead of the election.Already under pressure from self-funded retirees over its policy to end cash refunds for excess franking credits, Labor could ill-afford another campaign claiming that Commissioner Hayne’s recommendation would drive up costs for borrowers, harm competition and strengthen the hand…


Mortgage brokers brace for shake-out as boom turns to bust

Mortgage brokers brace for shake-out as boom turns to bust

The commissions were also costing CBA a lot of money. It estimated it could save almost $200 million over five years if the rest of the market followed its plan to shift the industry to a smaller, flat fee – which would slice the average revenue a broker earned on a loan from around $6000…



BHP holds firm in face of calamities and China woes

BHP holds firm in face of calamities and China woes

BHP did warn that unit costs are tracking above full-year guidance due to the series of unwanted production problems described above.But again, there’s no change to full-year guidance.Strong as steelLike Rafael Nadal playing with a bad back at the Australian Open, BHP believes it can muscle through these problems, play catch up in the June…