Construction has fallen further as the Reserve Bank of Australia makes the decision to closely monitor the labour market. Construction work done fell 1.9 per cent in the March quarter, following a 2.1 per cent fall in the December quarter. Governor Philip Lowe indicated the RBA will consider interest rate cuts next month if there […]

The Australian Prudential Regulation Authority has proposed a seven per cent home loan buffer be removed. APRA’s serviceability buffers have been in place since 2014. The regulator wants to raise the second buffer against the actual interest rate paid by customers, from 2 per cent to 2.5 per cent. ANZ CEO Shayne Elliot tells Ross […]

Medibank Private was one company whose shares soared after the unexpected Coalition victory. Their shares went up 11.5 per cent as the Australian stock market reached a 12-year high. Medibank CEO Craig Drummond tells Ross Greenwood they will fight to keep premiums from rising. “What future rises will be, if any, will be determined at […]

Liberal MP Michelle Landry says she won the seat of Capricornia partly because Labor failed to support the Adani coal mine. She won the seat of Capricornia in Queensland by a massive swing of 10.7 per cent. The electorate is believed to have made a huge difference to the result of the federal election. Ms […]

The Coalition has announced it will cut $1.5 billion from the public service sector as they release their policy costings days before the election. The move could cut about 3,000 jobs in order to pay for the Coalition’s $1.4bn in election promises. Treasurer Josh Frydenberg defends the costings and tells Ross Greenwood the reality would […]

There has been a rise in complaints against financial institutions since the royal commission as the Australian Securities and Investments Commission releases guidelines to ensure they are addressed properly. ASIC says the current approach by banks, super funds and insurance companies does not provide an efficient way for customers to file a complaint. They are […]