The interest rate hike helped Westpac’s profit in the last quarter exceed 2 billion yuan. Thanks to the expansion of the interest spread and the reduction in the cost of compensation, West Pacific earned more than 2 billion in the last three months of 2018, an increase of 6.8% over the previous quarter. The second-largest…
If the energy market regulator can accept the federal government’s request to change the rules, then the late payment of late fees on the electricity bill will become a thing of the past. Energy Minister Angus Taylor has asked the Australian Energy Market Board to terminate the practice of charging high late fees if the…
The recent Ipsos poll showed that the Labour Party led the Morrison government at 51:49 after the two parties voted. The result of the previous Ipsos poll in December was that the Labour Party led by 54:46. The most recent poll was conducted last week from Tuesday to Friday, when politicians in Canberra debated a…
The Federal Opposition has accused Liberal MP Tim Wilson of unethical behaviour and called on him to resign as the head of a parliamentary committee examining a contentious Labor policy. Key points: Tim Wilson has used a parliamentary committee to examine a Labor policy He has led town-hall style meetings seeking feedback on a plan…
Stunning new details have been revealed about the lawyer whose role as a Victoria Police informant sparked a royal commission, including that she was registered as an informant 10 years earlier than previously thought. Key points: The commission has been told the informant was first registered in 1995, not 2005 as previously understood The scope…
An adventurous wallaby has been temporarily arrested by police in Victoria’s east after taking officers on a wild roo chase. The lost marsupial sprung away from officers who spotted him on the street before being herded through the gates and into the Ballarat police station. Acting Sergeant Tracey Atkins said the wallaby “was a lot…
In 2017, the Australian Competition and Consumer Commission (ACCC) found that half of the users who use fiber-to-node connections to NBN could not get the fastest two-speed. Eight vendors, including Telstra, Optus and TPG, acknowledged that they made false or misleading statements about the speed of connections that some users might use. The ACCC received…
Telco TPG is ceasing the rollout of its mobile network, which would have been a fourth competitor in the Australian mobile phone market. Key points: TPG says the Federal Government’s ban on Huawei 5G equipment makes its mobile network rollout unviable The telco says it already spent $100m on the network rollout with a further…
The Real Estate Institute of Victoria’s latest data reveals that Melbourne’s median house price increased 1.4 per cent to $826,500 (from $815,000) and the unit price increased 1.8 per cent to $597,000 (from $586,500) in the 2018 calendar year. REIV President Robyn Waters said that despite low confidence, sluggish auction clearance rates and a…
Major construction works have begun on the site of the new Parkville Station with the Acting Premier and Minister for Transport Infrastructure marking the occasion with a site visit last week. Parkville, one of the five stations to be built as part of the Melbourne Metro project, will have a station box measuring…