The National Australia Bank has followed other big banks and posted a lower full-year net profit. The $4.8 billion, down 13.6 per cent on last year, was dragged down by previously announced remediation costs of $1.1 billion over the year. NAB chairman Philip Chronican tells Ross Greenwood they are meeting the Australian Prudential Regulation Authority (APRA) […]

The Australian Taxation Office (ATO) is insisting businesses who “do the right thing” don’t need to be concerned about their impending visit to the south coast of NSW. The ATO announced it plans to visit 800 businesses around Bega and the south coast in what they describe as a crackdown on the black economy. But […]

Treasurer Josh Frydenberg says he will not lower the inflation target which sits between two and three per cent. The target has been unchanged since the 1990s and the Treasurer insists that it will remain. In line with expectations, the Reserve Bank has held interest rates at the historic low of 0.75 per cent. Mr […]

Netflix co-founder Marc Randolph has shared the story behind the success of the biggest streaming platform in the world. Streaming giant Netflix has 151 million subscribers worldwide but the idea didn’t come about easily. Mr Randolph tells Ross Greenwood it seemed a bit out there when it came to him. “My daughter was up late […]

Mining protesters are being urged to consider the importance of minerals after a chaotic protest in Victoria. Fifty people have been arrested after climate activists targeted a mining conference in the heart of Melbourne. There were at least 300 activists hoping to shut down the three-day International Mining and Resources Conference at the Convention Centre. […]

The Australian Taxation Office is being investigated over a $7 billion blowout in unpaid taxes, with small businesses claiming they are being unfairly targeted. The inspector-general’s annual report revealed to parliament that there has been a 13 per cent increase in complaints against the ATO. The Inspector-General of Taxation Karen Payne tells Ross Greenwood they […]