The Tax Office is looking closer into the tax affairs of rich people who may have purchased fancy boats, planes, cars, art and thoroughbred horses.

Sacked workers at Clive Palmer's failed Queensland Nickel plant in northern Queensland have been told they may not receive their full entitlements, and that they rank as unsecured creditors.

Investors shrugged of China weakness and the threat of a bear market to deliver the sharemarket its second gain of the year.

• Markets Live: China data passes muster

Woolworths' partner in its aborted DIY experiment says the chain opened too many stores without a format that worked.

ANZ chief Shayne Elliott says the bank will win the court battle with its former traders alleging cultural deficiencies led to their sackings.

Australia's banks will probably have to book impairments in their 2016 half-year results because of their $31 billion in loans to the oil and gas sector.