Australian-first tax to hit all betting companies operating in South Australia
Australian-first tax to hit all betting companies operating in South Australia Updated June 23, 2016 15:20:36 A new tax for betting companies will be launched in South Australia's state budget to raise an expected $9.2 million in new revenue a year.The State Government will introduce a so-called "place of consumption" tax of 15 per cent on the net wagering revenue of all betting companies offering services in SA.It is the first time an Australian jurisdiction will targe..>> view originalAustralian Dollar Rises To Near 2-month High Against US Dollar
LONDON (Alliance News) - HSS Hire Group PLC said Commercial Director Steve Gaskell sold 5,000 shares at a price of 93.9 pence per share Thursday.Following this transaction, Gaskell[23 Jun '16 12:02]LONDON (Alliance News) - Flexible office space provider Workspace Group PLC Thursday said a group of executives bought shares at a price of 839.959 pence per share Wednesday.Chief [23 Jun '16 11:57]LONDON (Alliance News) - Paysafe Group PLC Thursday said Non-Executive Director Andrew Dark bought 10..>> view originalAPRA 'dials up' scrutiny of bank lending for commercial real estate
APRA executive Charles Littrell says the banking regulator is increasing scrutiny of commercial real estate lending. Nic Walker The prudential regulator is "dialling up" its scrutiny of bank lending to commercial real estate projects, an area that regulators have pinpointed as being the most exposed to a deterioration in economic conditions. Banking regulators are concerned that commercial property loans are typically the first ones to go bad ..>> view originalGreat Barrier Reef: Qld Government's cattle station purchase 'makes agriculture sector scapegoat'
Great Barrier Reef: Qld Government's cattle station purchase 'makes agriculture sector scapegoat' Posted June 23, 2016 20:20:14 The agricultural sector says it is being unfairly targeted by the Queensland Government after it purchased a cattle station to reduce sediment flowing into the Great Barrier Reef. Queensland Environment Minister Steven Miles announced on Wednesday the Government had bought Springvale Station in the state's north for $7 million.Mr Miles said t..>> view originalASX poised to digest Brexit result
Markets ground higher on Thursday as investors nervously awaited the results of the UK referendum on membership in the European Union, preparing for a global sell-off or to breathe a sigh of relief. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each rose 0.3 per cent, to 5280 points and 5358 points respectively.Fund managers have largely finished their repositioning ahead of the referendum in the United Kingdom, leaving the market open for speculators to trade on any nerv..>> view originalTelstra invests in mining technology sector with CBO acquisition
Telstra invests in mining technology sector with CBO acquisition Posted June 23, 2016 11:42:22 Australia's biggest telecommunications company Telstra says it will acquire the network firm CBO Telecommunications, known for its capabilities in wi-fi and other technology in mine sites, for an undisclosed sum.Telstra is Australia's seventh-largest company according to Reuters, and is looking to tap into the resource sector's thirst for automation and boost production as a..>> view originalAldi trumps Coles, Woolworths in meat price war
Video will begin in 5 seconds. Consumers the real winners with Aldi growth A mushrooming of Aldi stores across Australia has other Aussie supermarkets looking over their shoulders. PT1M21S 620 349 It started out with cut-price cooked chooks but the major supermarket chains are now butchering the price of lamb, sparking a sector-wide meat war.German discount giant Aldi stole the lead on Woolworths this week, undercutting Australia's biggest supermarket chain's $3.99/kilo disc..>> view originalFortescue continues debt reduction program
Bank behaviour back in the spotlight as ASIC takes on Macquarie
Macquarie Group is the latest financial services group to fall under ASIC's scrutiny. Grant Turner The collapse of fund manager van Eyk and its Cayman Islands investments have come back to haunt Macquarie Group at the worst possible time.Macquarie has admitted it breached company law and did not exercise sufficient care four years ago when a van Eyk entity it was responsible for invested $30 million on behalf of clients into a Cayman Islands-ba..>> view originalMorris Winery and Vineyard in northern Victoria set to close
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