February
Greens target Gina Rinehart with new billionaire’s tax
Some 150 billionaires would pay an annual 10 per cent tax on their wealth, in the minor party’s latest move to target high-income earners and dramatically expand government spending.
January
Greens to push Labor on wealth, super and big business tax hike
The minor party could play a pivotal role after the next federal election and plans to go after “excessive profits”.
September 2024
Power list reveals diminished influence of Australia’s corporate sector
This year’s list reflects the fading voice of CEOs and the growing size, scale and power of the superannuation sector.
August 2024
Woolworths loses ground to Coles after tumultuous year
The major retailer recorded a slight fall in underlying profit, which were all but wiped out by a big write-down in its New Zealand business.
Coles rewards shareholders as profit and margins jump
The result pushed Coles shares to a two-year-high, as major retailers face more political heat over alleged price gouging.
July 2024
Supplier survey suggests Coles has outperformed Woolworths all year
Ahead of financial updates from the major supermarkets next month, suppliers say Coles and Aldi are picking up market share over their rivals, small and large.
Woolworths’ trashed reputation will cost Banducci
Woolworths has gone from the 7th most reputable corporate in Australia to the 42nd, on figures that feed into its management scorecard.
June 2024
‘Deeply offensive’: ATO boss slams robo-debt comparison
New Tax Commissioner Rob Heferen was forceful in his first appearance before Parliament, rejecting criticism of a Tax Office program to chase small debts.
ASIC says it is probing three lenders for credit breaches
The admission comes just weeks after the corporate regulator accused lenders of creating “unnecessary barriers” that hindered under-pressure customers.
May 2024
Calls for power to break up Coles and Woolies split inquiry
The ACCC should get new legal powers to prosecute supermarkets found to be engaging in price gouging, a parliamentary inquiry has recommended.
April 2024
Green antics give corporates nightmares
After Nick McKim’s savaging of Brad Banducci, business may be wary of co-operating with Greens-led inquiries. Some, it seems, already are.
Nick McKim’s Senate antics make it all worse
This is all entirely on brand for McKim, a man eternally promoting simple, populist solutions to complicated problems.
After Woolies brawls, Coles busts supermarket profit myths
Political theatre and business bashing won’t deliver a magic bullet for bringing down grocery prices - because there isn’t one.
Business may well wonder what is going on in Canberra?
It took 15 minutes for The Greens’ Nick McKim to threaten outgoing Woolworths boss Brad Banducci with six months’ prison and $5 million in fines on Tuesday.
ASX slumps 1.4pc; Banducci threatened with jail; AFP’s terror warning
Read everything that’s happened in the news so far today.
Woolworths, Greens in fiery clash on profits
Outgoing Woolworths boss Brad Banducci was threatened with six months in jail for contempt of the Senate, in a fiery Senate hearing that went off the rails on Tuesday.
March 2024
Supermarket break-up push ‘a wider economic risk’
Frustrated by political interference, business leaders want major parties to rule out a Greens bill this week to bust up Coles and Woolworths.
ACTU calls for grocery prices panel, rejects divestiture push
ACTU secretary Sally McManus says the union movement does not believe so-called big stick powers to force retailers to sell off parts of their business should be the priority for government.
Consumers to lose from push to break up supermarkets
Shoppers would be among the biggest losers from any forced break-up of supermarket giants Coles and Woolworths, business leaders have warned.
Supermarkets could cause family farms to vanish in 10 years: suppliers
Growers have told a Senate committee into supermarket pricing that the loss of small farmers will eventually threaten Australia’s food security.