ATO is 'too big to fail'
The Australian Taxation Office, like the big banks, is 'too big to fail', submissions to a federal inquiry say, and thereby should not be subject to less scrutiny.
Stock Ticker
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- AMP AMP LIMITED 1.59%
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- APA APA GROUP 0.97%
- ASX ASX LIMITED -0.02%
- AZJ AURIZON HOLDINGS LIMITED -4.14%
- BHP BHP BILLITON LIMITED 3.50%
- BXB BRAMBLES LIMITED 0.08%
- CBA COMMONWEALTH BANK OF AUSTRALIA. 1.24%
- CCL COCA-COLA AMATIL LIMITED -1.02%
- CPU COMPUTERSHARE LIMITED. 0.92%
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- CWN CROWN RESORTS LIMITED 1.40%
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- NCM NEWCREST MINING LIMITED 6.08%
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Key Stories
Markets Live: Myer leads ASX rise
Live
Shares are off to a strong start, with Myer leading the charge.
'Eenie, Meenie, Minie, Mo': Out you go
Thirteen officials from the militant construction union including NSW CFMEU boss Brian Parker are facing court for trying to force building contractors who refused to sign their enterprise agreement.
Myer profit beats expectations
Myer's better than expected half year result has boosted the bottom end of its full year profit guidance.
Workers ripped off $22.3 million
The Fair work Ombudsman has uncovered workers being paid as little as $10 an hour.
ASIC vows 'thorough' CommInsure probe
ASIC promises a 'very thorough' investigation into CommInsure, as it also probes whether there are deeper systemic problems in the sector.
The toxic affair rocking Silicon Valley
Michael Goguen, partner at a venture capital firm backing Apple and Google, and exotic dancer Amber Baptiste met at a Dallas strip club and started spending time together. That's about all they agree on.
- Markets What the Fed decision means for investors
- Retail SurfStitch appoints joint CEOs
- Retail Woolies' plan to free up cash
- Retail Oroton interim profit rebounds 73pc
- Currencies $A surges to US75.58¢ on Fed
Market Indices
Last updated: March 17, 2016 - 11:19AM
Last updated: March 17, 2016 - 11:19AM
Last updated: March 17, 2016 - 11:19AM
Last updated: March 17, 2016 - 11:19AM
China starting to looking like 19th Century US
China's shift from super-charged economic growth to a more moderate pace has drawn plenty of comparisons, most often with Japan. But there's another, less obvious historical model: late-19th century America.
In Depth
'Apple helped me crack iPhones'
For years, cops who wanted to break into iPhones knew the drill. What's different this time?
Can Gen Y ever get ahead?
Kendall Sutton is typical of Gen Y. He'll start his career late, with a huge student debt and won't be able to buy a home or start a family until his 30s.
Cash-only is the new black
It's gone way beyond tradies, restaurants and service enterprises that offer generous "discounts" for cash payment.
Workplace
Companies wake up to sleep benefits
Napping at work is gaining favour as workplaces become more aware of the benefits of sleep.
19 reasons you might feel unloved at work
One of the biggest reasons people leave their jobs is because they feel unappreciated.
Markets
Gold regains its lustre as Fed signals risks ahead
Just when gold's rally was losing steam, Janet Yellen came to the rescue.
need2know: Positive lead from US
Local shares are poised to open higher on the Fed's tempered rate rise outlook. Jobs data ahead.
Wall St lifts on Fed outlook for US rates
The Standard & Poor's 500 Index closed at its highest level this year as the Federal Reserve signalled a slower pace of interest-rate increases.
- Oil lifts as plans firm for output meeting
- Peabody may file for bankruptcy
- Deutsche Boerse, LSE agree to merge
- Board spill for Bionomics as investors revolt
- ASX steady ahead of US rates decision
- Sub-zero rates bring more currency swings
- Iron ore slides for sixth day
- What the ASX needs for a real rally
Emerging market currency support curbs bonds
Search Quotes & Charts
The Economy
Turnbull's first budget will be great, seriously
The Prime Minister is prepared to make the most of unusually low interest rates by spending up big on projects that will pay dividends.
Turnbull comes to blows with big business
The Goliaths of big business have sustained a damaging loss against the small business Davids thanks to the Turnbull government's decision to beef up competition laws.
Banking & Finance
Super reforms won't wait for commission
The government will proceed with reforms and consider feedback on how they are working in 18 months rather than wait for the Productivity Commission to recommend the best way to improve the default superannuation market.
Australia catches fintech bug, but NZ a bigger user
Australia has the third biggest fintech sector in Asia-Pacific after Japan and China, with a larger focus on business lending than most, but it is still a tiny part of the finance market.
Mining & Resources
LNG glut to trigger delays, cutbacks
An LNG glut is likely to plague the market for six years, forcing delays to new projects and potentially causing some producers to cut output, Citigroup says
Gold regains its lustre as Fed signals risks ahead
Just when gold's rally was losing steam, Janet Yellen came to the rescue.
World Business
'Apple helped me crack iPhones like clockwork'
For years, cops who wanted to break into iPhones knew the drill. What's different in Apple's standoff with the US government this time?
BOJ's Kuroda holds fire on stimulus
The Bank of Japan refrained from bolstering its record monetary stimulus as policy makers gauge the impact of the negative interest-rate strategy they adopted in January.
China
China starting to looking like 19th Century US
China's shift from super-charged economic growth to a more moderate pace has drawn plenty of comparisons, most often with Japan. But there's another, less obvious historical model: late-19th century America.
China eyeing 'Tobin Tax' on currency trades
Sources say China's central bank has drafted rules for a tax on foreign-exchange transactions to help curb currency speculation
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Property Focus
Big impact awaited from new standards
New accounting standards are likely to affect how real estate deals are structured, experts say.
Shop sales show strong start to year
Small suburban stores continue to attract investors in 2016.
Investa manager rejects DEXUS offer
The $2.5 billion DEXUS Property takeover stoush for the listed Investa Office Fund is undervalued and should be rejected, according to the fund's current manager.
Investa Office Fund battle intensifies
Chatswood riding high on new leases
Residential developments from office conversion, infrastructure upgrades and the new metro rail project are creating a perfect storm of demand for commercial space in Sydney's northern suburbs.
Executive Style
How do I get on a board by 40?
Smart work in your 20s and 30s can set up a seat at the big table.
Money
Can Gen Y ever get ahead?
Kendall Sutton is a typical member of Gen Y. He'll start his career late, with a huge student debt and won't be able to buy his own home or start a family until his 30s.
Don't buy what your planner is selling
There's something rotten in financial services, and it's deeper, wider and more rotten than a single bank and its insurance business.
Small Business
Big win on effects test
Cabinet's approval of an effects test is set to transform competition law for small business.
Cash-only is the new black
It's gone way beyond tradies, restaurants and service enterprises that offer generous "discounts" for cash payment.
Business Video
Fed holds steady
The Federal Reserve holds interest rates steady and indicates that moderate US economic growth would allow it to tighten its policy this year.
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Comment & Analysis
Telstra brings in the big guns
Contains:
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Checking your shares is bad for you
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Meet Telstra's unusual choice to win the future
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