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    ASIC chairman Joe Longo: “It’s time for meaningful improvement.”

    Lenders creating ‘unnecessary barriers’ for struggling customers: ASIC

    With living costs high, ASIC chairman Joe Longo has issued a stern report on bank hardship policies. ABA chief Anna Bligh says processes are being improved.

    • James Eyers
    ACCI says “flexibility and choice” must be core to the right to disconnect.

    Employers back worker ‘choice’ in right to disconnect battle

    The Australian Chamber of Commerce and Industry has warned against strict rights to disconnect in awards, saying it could affect enthusiastic staff.

    • David Marin-Guzman
    The Biomedical Building has sold $103 million, which was no discount to its book value.

    Why this $103m office on Sydney CBD fringe sold at no discount

    Listed property fund manager Centuria has sold its Biomedical Building to Kurraba Group for $103 million.

    • Campbell Kwan

    Yesterday

    Chalmers has made a big, bold gamble on inflation, risking the living standards of millions, while Dutton’s rhetoric is bigger than the reality on immigration.

    Budget and reply add up to a bad week for Australian prosperity

    Both major parties are failing to meaningfully engage with the centrist growth agenda of incentive-sharpening policy reform and mostly disciplined macro policy that provided the foundation for Australia’s three decades of prosperity.

    • The AFR View
    Anthony Albanese’s rating a preferred prime minister fell 2 points to 45 per cent while Peter Dutton’s was up a point to 39 per cent.

    Underwhelmed voters fear budget will lift rates

    Almost 40 per cent of voters think last week’s big-spending federal budget increases the chances of another interest rate rise, and just one quarter believe they will be better off, the latest poll shows.

    • Phillip Coorey
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    Punters are not convinced by Labor’s budget

    The budget had two main political aims: to help further with the cost of living; and, in doing so, buy a pre-election interest rate cut. The punters are not convinced it will achieve either, polling finds.

    • Phillip Coorey
    Lendlease is under pressure to refocus its efforts on its more successful Australian operations.

    Aware Super wants a new chairman at Lendlease, fast

    Lendlease’s biggest investor has called for an external candidate to replace Michael Ullmer, and urgently steer the embattled developer’s turnaround.

    • Nick Lenaghan
    A demonstrator holds a placard calling for the release of Julian Assange outside the Royal Courts of Justice in London in March.

    High Court might rule on Assange extradition

    Two judges at the High Court in London are set to rule on whether the court is satisfied by US assurances that Julian Assange, 52, would not face the death penalty.

    • Michael Holden and Sam Tobin
    Prime Minister Anthony Albanese and Premier Jacinta Allan at the ALP state conference.

    Victorian Labor votes to oppose Future Gas Strategy

    The state branch of the party chastised the strategy at its annual conference, labelling it “incompatible” with Australia’s emissions reduction targets and international obligations. 

    • Ronald Mizen
    May 20, 2024

    Glen Le Lievre cartoons for 2023-24

    See all of Glen Le Lievre cartoons for 2023 and 2024.

    • Updated
    • Glen Le Lievre
    Burnt cars are lined up after unrest that erupted following protests over voting reforms in Noumea, New Caledonia.

    Defence Force ‘ready to fly’ to New Caledonia

    Australia is working with French authorities to ensure a quick exit for people seeking to flee strife-torn New Caledonia as soon as the Pacific island nation’s airport is reopened.

    • Updated
    • Cecile Lefort
    Sephora’s head of HR claimed she guessed the union was “too busy” to negotiate with it.

    Call to change bargaining laws as Sephora ‘sidesteps’ union

    The retail union is pushing the government to change bargaining laws to stop employers from secretly sidelining unions to push through deals behind their back.

    • Updated
    • David Marin-Guzman
    Effective tax reform would fix structural weaknesses in the budget and reduce reliance on income tax.

    Tax reform needed to break Australia’s economic inertia: think tank

    The Blueprint Institute says the Australian economy is in a state of inertia and needs ambitious tax reform, calling for more focus on consumption, land and resources.

    • Tom McIlroy
    Liberal candidate for Wentworth Roanne “Ro” Knox.

    Meet the former Deloitte consultant taking on Allegra Spender

    “There’s no doubt it is going to be a challenge,” says Roanne Knox. It’s a sentiment echoed by party insiders who think Wentworth will be the most difficult of all teal seats to win back.

    • Ronald Mizen
    Chinese leader Xi Jinping has given the green light to a bold policy to fix the country’s deepening housing crisis.

    Two massive things happened while we were watching the budget

    Two big overseas developments will be much more crucial in determining our economic prosperity than last week’s budget. The first is Beijing finally taking steps to address the bursting of the country’s property bubble.

    • Karen Maley
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    The duo have signed a $200 million deal to stay on the air together for another 10 years.

    ARN Media’s M&A record holds out for elusive win

    After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.

    • Jemima Whyte
    Elon Musk will also sign an agreement on enhancing connectivity in the country’s health and education sectors.

    Musk in Bali to launch Starlink satellite internet service

    The billionaire head of Tesla and SpaceX and owner of social platform X to launch the service alongside outgoing Indonesian President Joko Widodo.

    • Updated
    • Firdia Lisnawati and Niniek Karmini
    Medicare numbers were taken as part of the hack, but they cannot be used to prove someone’s identity.

    Medicare numbers, prescription information taken in MediSecure hack

    The government has reassured Australians that no documents need to be replaced as a result of the hack on the little-known technology company.

    • Nick Bonyhady
    Robin Khuda founded AirTrunk in 2015.

    AirTrunk’s bankers delay NBIOs; new DD materials on the way

    AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Furious about dismissal: Damien Glanville, former CEO of LPE.

    Chapman fields calls for in-play Queensland electricity provider LPE

    The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    The Australian Financial Review Magazine

    BOSS Financial Review

    Kmart and Target managing director Ian Bailey: “The journey we’ve been on for many years is really moving from being a retailer to being a product company.”

    Life & Leisure

    Rich List

    Dexus is attempting to block Kevin Seymour’s eight-tower precinct (pictured), alleging it would take business away its own shopping centre down the road.