Anthony Albanese will lay out his plan to keep Queensland at the forefront of the “challenging” decades ahead, in a pre-budget speech that sets out his strategy for the country as the economy goes net-zero. In an address to the Queensland Media Club on Thursday, the Prime Minister will setContinue Reading
Staff at one of Australia’s biggest energy companies have been warned not to expect promotions if they fail to come into the office at least three days a week. AGL Energy has joined rival energy companies Origin and Suncorp in introducing a fresh WFH policy that links office attendance withContinue Reading
Australia’s consumer watchdog would have the power to ask the courts to split up supermarket giants and crack down on duopolies, if parliament votes in favour of a new Bill. The Greens on Wednesday will introduce divestiture legislation in the Senate, that would allow the Australian Consumer and Competition CommissionContinue Reading
More than 1000 workers will walk off the job for 24 hours on Thursday over a pay dispute with two of the east coast’s largest power companies. The Electrical Trades Union is locked in a rolling pay battle with electricity transmission and distribution giants Transgrid and Endeavour Energy and unionContinue Reading
Brand loyalty is costing Australians billions of dollars per year, as they stick to their usual providers for electricity, mobile and internet, according to new research. Australians paid a total of $4.5bn in loyalty ‘tax’ last year, according to Finder, which was equivalent to about $331 per person. Finder techContinue Reading
Energy and Climate Change Minister Chris Bowen has refused to detail the cost of the government’s landmark green energy scheme amid Coalition criticism over its financial exposure to taxpayers. On Friday, Minister Bowen announced an expansion of the Capacity Investment Scheme which will underwrite funding for 32 gigawatts of newContinue Reading
Labor has been slammed for being “obsessed” with renewables and “out of touch” on its nuclear energy policy, ahead of a major climate change conference in the Middle East. Shadow Attorney-General Michaelia Cash accused Energy Minister Chris Bowen’s opposition of having a “completely, totally and utterly out of date” onContinue Reading
The ASX has closed up 28.7 points, or 0.41 per cent, to finish the week on 6,954.20. However, that is down 1.34 per cent for the week overall, and 2.01 per cent over the past year. It’s also the first time the index finished below 7000 since March 24. ThatContinue Reading
Australia’s economic outlook looks set to darken over the next two years, with a major forecaster predicting substantial declines in the value of lucrative resource exports. The latest Resources and Energy quarterly report shows the total value of exports declining to $400bn in 2023-24 from the $467bn recorded in 2022-23,Continue Reading
One of Australia’s biggest energy retailers has been taken to court by the corporate watchdog over allegations the company misled customers about the prices of their electricity plans. The Australian Competition and Consumer Watchdog (ACCC) announced on Friday they had lodged proceedings against EnergyAustralia in the Federal Court, citing allegedContinue Reading