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Scott Morrison re-elected in a 'miracle'

Scott Morrison re-elected in a 'miracle'

Scott Morrison has pulled off one of the most memorable victories in Australian politics to secure the Coalition a third consecutive term. Labor's Bill Shorten has resigned as leader after the party underperformed in every state.

Shock result: How election night unfolded

Shock result: How election night unfolded

Labor suffered heavy losses in Queensland and failed to make gains elsewhere. Tony Abbott lost Warringah but said 'working seats' have deserted Labor.  Here's how the night unfolded.

Tony Abbott's political career ends in stunning loss

Tony Abbott's political career ends in stunning loss

Tony Abbott’s loss marks the likely end to a tumultuous political career that has enjoyed the ultimate highs of a smashing election victory in 2013 and to defeat in what had traditionally been a blue-ribbon Liberal seat.

The biggest losers in a shock election result

Polling showed Labor was heading for victory. So what happened?

No end to the political fear and loathing

No matter what the result of the election, it is likely to be no more than a pause in the strife and division that have wracked Australian politics over the past decade.

The deposit sweetener that could turn sour

First home buyers may get a better start via existing loans, getting bank smart or asking for family help.

Secrets of a top performing super fund

The $80 billion QSuper industry fund changed its entire investment strategy after the global financial crisis in order to protect members against another sharemarket crash.

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Federal election

Divide widens between young, older voters

Divide widens between young, older voters

The political divisions between younger and older voters have widened sharply at the 2019 election, amplified by different views over tax, housing prices and climate change.

Day of reckoning for Liberals in the key battleground state

Day of reckoning for Liberals in the key battleground state

After five weeks of campaigning, the election looks set to be decided in Victoria.

Will Clive Palmer's millions buy his way into the Senate?

Will Clive Palmer's millions buy his way into the Senate?

No matter if Scott Morrison or Bill Shorten wins on Saturday, an unwieldy Senate will be able to thwart their agenda.

Labor's hopes of winning a swag of Queensland seats have faded

A string of Queensland seats are likely to go down to the wire in Saturday's election.

Both parties have ignored the middle

Neither party has appealed to a progressive middle, which wants the environment taken seriously, along with a small-government approach to economic management, says Phil Coorey.

Business

Fundies face an existential threat

Fundies face an existential threat

They have feasted off the growth of superannuation but Australian equity managers now find themselves highly exposed to disruption.

Responsible lending fears 'over-hyped': ASIC

Responsible lending fears 'over-hyped': ASIC

Banks' cautiousness and lower loan demand is the cause of reduced mortgage credit growth, not more aggressive regulation, the chairman of the corporate regulator says.

'Our business needs to be more resilient,' says new Virgin chief

'Our business needs to be more resilient,' says new Virgin chief

Just months after Paul Scurrah took over the top job at Virgin Australia, the airline is warning that underlying earnings will plunge back into the red.

Political pressure builds on mergers test

Political pressure builds on mergers test

Company mergers are set to become harder after Saturday's election as political pressure intensifies to tighten competition clearance.

Virtuous circle at heart of Prospa's float fightback

A year after its first attempt to float fell over, Prospa has the support of big investors and a plan to take even more of the banks' turf.

'Everyone at the top of the banks is hurting'

The banking industry chief says banks' latest financial results show lifting professional standards is resulting in higher costs.

From gut labs to cattle blood: AACo's secret deals revealed

Beef giant AACo has defended its actions despite revelations of a string of investments linked to a major shareholder.

Markets

Call for special dividends  before franking deadline

Call for special dividends  before franking deadline

The next six weeks could see a surge in unexpected shareholder payouts if other companies follow the example of Fortescue and Dulux.

    US stocks fall for second week on trade concerns

    US stocks fall for second week on trade concerns

    The S&P 500 declined a second week for the first time this year amid speculation US-Chinese trade negotiations reached an impasse.

    Aussie to fall 9pc v the yen: Capital Economics

    Aussie to fall 9pc v the yen: Capital Economics

    The Australian dollar could drop as much as 9 per cent against its Japanese counterpart by the end of the year, according to Capital Economics.

    Iron ore to surge through $US110 a tonne: Liberum

    The spot price of iron ore topped $US100 a tonne on Friday and it could surge at least another 10 per cent, Liberum Capital forecasts.

    Call for special dividends  before franking deadline

    Any deterioration in the Chinese currency would set off panic that there is no coming back from the trade war.

    Opinion

    Hawke's death a reminder of what our politics has lost

    Bob Hawke's death has left us all to reflect on not just the death of one of our most popular PMs but where our politics seems to have gone wrong.

    Laura Tingle

    Columnist

    Laura Tingle

    Shorten needs to follow the lead of Hawke, not Whitlam

    The Hawke-Keating policies were orthodox economics that worked. Yet they are now denounced by Labor’s revisionists as 'trickle-down' neo-liberalism.

    The AFR View

    Editorial

    The AFR View

    Bob Hawke's final gift to Labor

    Once the shock of Bob Hawke's death passed, thoughts turned quickly to what, if any, impact it would have on the election campaign. That's how politics is.

    Phillip Coorey

    Political Editor

    Phillip Coorey

    Shorten is more Whitlam than Hawke

    On all the available evidence on economic policy, Shorten is more like the loose-spending Whitlam than the reformist Hawke.

    John Kehoe

    Senior Writer

    John Kehoe
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    Politics

    Bob Hawke's final gift to Labor

    Bob Hawke's final gift to Labor

    Once the shock of Bob Hawke's death passed, thoughts turned quickly to what, if any, impact it would have on the election campaign. That's how politics is.

      Former PM kept his friends close and his enemies closer

      Former PM kept his friends close and his enemies closer

      When Bob Hawke entered the House of Representatives following the 1980 election there was a strange sense of apprehension.

      Hawke's death a reminder of what our politics has lost

      Hawke's death a reminder of what our politics has lost

      Bob Hawke's death has left us all to reflect not just the death of one of our most popular PMs but where our politics seems to have gone wrong.

      The man who backed a better Australia

      Bob Hawke skipped class when they were teaching lessons in hatred and was driven by "a beautiful, uncompromising set of values", writes Craig Emerson.

      Larrikin, scholar and Labor's most successful PM

      Bob Hawke, who has died aged 89 just two days before the election, presided over Australia's transformation into an open economy and was the ALP's most successful prime minister.

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      World

      China toughens trade rhetoric

      China toughens trade rhetoric

      China struck a more aggressive tone with the US, suggesting a resumption of trade talks would be meaningless unless Washington changed course.

        US to lift Canada, Mexico metal tariffs; delays auto decision

        US to lift Canada, Mexico metal tariffs; delays auto decision

        The US has agreed to lift its tariffs on industrial metals from Mexico and Canada, while delaying a decision on auto tariffs for 180 days.

        Taiwan approves same-sex marriage

        Taiwan approves same-sex marriage

        Taiwan has become the first place in Asia with a comprehensive law both allowing and laying out the terms of same-sex marriage.

        China's farming revolution bears fruit for Australian growers

        Australian macadamia nuts and berries are making a name for themselves in China's Yunnan province.

        Strife-torn Middle East and China challenge await foreign minister

        The winner of Saturday's election is facing a complicated foreign policy task.

        Real Estate

        Starved buyers push up prices

        Starved buyers push up prices

        Buyers "starved for property" have led to some strong house sales in the eastern suburbs.

        How home ownership dream took flight with Hawke

        How home ownership dream took flight with Hawke

        Pushing the great Australian dream of home ownership beyond the reach of his beloved union members by supercharging property prices with cheap credit could be one of Bob Hawke’s lasting legacies.

        Housing turns from threat to opportunity

        Housing turns from threat to opportunity

        If the RBA cuts and the housing market turns, fresh residential mortgage-backed securities at the right price will look attractive, writes Christopher Joye.

        Pet spas and massage tables – the future of apartment living

        Strata residents who have cash to splash are spending it on facilities that are just as much status symbols as they are lifestyle essentials.

        Revealed: The expenses claimed by negatively gearing landlords

        As tax breaks for loss-making properties are in the crosshairs, ATO figures have detailed the billions in deductions across a wide variety of categories.

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        Personal Finance

        Get the paperwork right when helping out your kids

        Get the paperwork right when helping out your kids

        The “bank of mum and dad” has become crucial in helping young people gain home ownership, but don't just give them the money - there are too many risks.

        ANZ financial planners to ditch annual reviews

        ANZ will dump its annual review package after the bank was pinged by the corporate regulator for charging more than 10,000 customers without providing a service.

        Shape up or else, ASIC warns corporate Australia

        It's not just banks in ASIC's sights; the regulator says company boards should also be striving to meet higher standards of conduct following the Hayne commission.

        Technology

        How AI will rewire us

        How AI will rewire us

        As machines are made to look and act like us and to insinuate themselves deeply into our lives, they may change how loving or friendly or kind we are – not just in our direct interactions with the machines in question, but in our interactions with one another.

        Do we need to record everything we do?

        Do we need to record everything we do?

        This is an age of catalogues, playlists and cultural inventory so many people have become hoarders, devoted to their own specialist fields.

        Acquisitive Canva aims to be 'Netflix' of photos

        Acquisitive Canva aims to be 'Netflix' of photos

        The billion-dollar valued Australian design software start-up is starting to use its extra financial muscle to target new earnings in the stock image market.

        Leadership

          Former PM kept his friends close and his enemies closer

          Former PM kept his friends close and his enemies closer

          When Bob Hawke entered the House of Representatives following the 1980 election there was a strange sense of apprehension.

          How one woman won over rabid footy fans

          Marina Go showed as much grit in her role as Wests Tigers chairman as any of the clubs players do on the field.

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          Lifestyle

          How Canon in D Major became the wedding song

          How Canon in D Major became the wedding song

          An obscure piece of baroque music has became the go-to tune to walk down the aisle to.

          Million-dollar meme pet Grumpy Cat dies

          Million-dollar meme pet Grumpy Cat dies

          The little cat with the perpetually miserable mug turned Internet fame into a lucrative career.

          Why jazz royalty Branford Marsalis went classical

          Why jazz royalty Branford Marsalis went classical

          "I don't like soloing that much anyway," the acclaimed saxophonist says ahead of shows with the Australian Chamber Orchestra.

          Make your voice heard

          Make your voice heard

          A exhibition of craftivist work by 18 Australian artists is touring the country.

          Why women should watch their shape more than their weight

          Why women should watch their shape more than their weight

          Around the age of 50, many pear-shaped women turn into apples - and that's not a good thing.

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