Labor’s 1942 centralisation of income tax stripped the states of their fiscal sovereignty. As it courts Australian startups and businesses, New Zealand is exploiting the vacuum.
Latest briefings
The SpaceX IPO is attracting stratospheric levels of investor excitement. History suggests they might be in for a bumpy ride.
The prime minister has significantly sharpened his rhetoric against One Nation to convince the Labor support base the maverick party is no friend of battlers.
TPG CTO Giovanni Chiarelli suggested Starlink should get concessional access to key licences for satellite-based mobile services, shifting from a call for a competitive process.
- SpaceX prices record USD75b IPO
- Megaport in $309m retail raise
- NRF adds $40m to SQC
- KKR seen exiting Ausgrid Plus race
- Larvotto bids for Hammer Metals
- FDC readies ASX float
More KPMG clients are reviewing their arrangements with the firm, as Greens Senator Barbara Pocock called for it to be banned from providing whistleblower hotline services.
Treasurer Jim Chalmers isn’t backing down over his sweeping tax reforms, which are aimed at solving the housing affordability crisis but have upset the business community.
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
Westpac expects investor lending to nearly halve as federal budget bites
The High Court is finally getting down to the real issues in shareholder class actions.
The government aims to have rammed through the key elements of its budget by the end of the month, despite concern in the startup sector.
- SpaceX IPO four-times oversubscribed
- Steadfast rockets on $7.7b approach
- Super Micro slides on USD7b raising
- Sigma circles Boots acquisition
- Swipejobs launches IPO-or-sale process
- Programmed sale auction kicks off
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
WIth $24 billion in economic gains up for grabs, it is less a question of whether banks will embrace tokenisation but whether they will try to keep fintechs out.
AI agents are about to make managers of us all. The job that won’t scale is the one they can’t teach us: knowing what to keep and what to kill.
Anthony Albanese wants the CGT fight over and done with in less than a fortnight. But unless there’s careful consideration of business, and significant carve outs, the blows will keep coming.
A year ago they bemoaned AI wrappers. Now Australia’s three biggest VCs are betting on the workflows AI can kill, the work it can sell outright, and the machines it can finally set loose in the physical world.
Our music is not free training data. We have to protect the right of artists and rightsholders to be paid for their work.
CSIRO, AEC, BoM and the ATO are demanding KPMG confirm their data has not been misused as the fallout from its audit leaks scandal continues.
Shareholders are resisting the low-ball bid from the toll road group’s most powerful investor. But there may be another path forward.
Australia needs to develop new, high-tech industries. But critics warn the 2026 budget will inhibit growth by punishing risk-takers.
We’re moving into “uncharted territory” as OpenAI joins its peers in looking to raise unprecedented amounts of capital from sharemarket investors.
Foreign Minister Penny Wong has appeared to concede that Australia’s exorbitant passport fees are about revenue raising.
While the budget expanded tax incentives for venture capital funds, the concession built for Australia’s angel investors was left untouched for a tenth year. Now angels are pressing for a fix.
Governments keep promising to cut red tape, and sometimes they do. But the far harder job is changing the incentives that make regulation the easy answer.
Diraq hopes Scott McGregor can work his magic once more. His 11 years at the helm of Broadcom culminated in a USD37 billion ($51.9 billion) buyout. It’s now worth USD2 trillion.
The RBA has another week to contemplate the Middle East crisis as global counterparts make rate decisions.
Elon Musk’s SpaceX is set for IPO next week, with retail investors invited aboard a vast, speculative bet on rockets, AI and orbital data centres.
SpaceX files Australian prospectus warning shares are ‘highly speculative’
KPMG has assured the Australian National Audit Office its information has remained confidential, but the office is seeking more details.
China’s ambitions in the region explain why Anthony Albanese rolled out the red carpet for newly elected Solomon Islands Prime Minister Matthew Wale.
Michele Bullock has all but confirmed the central bank won’t renew a contract with KPMG to supply its whistleblower hotline, and a separate deal for immigration services.
RBA puts KPMG whistleblower services on review as client leaks scandal spirals
Labor Senator Deb O’Neill has labelled KPMG’s provision of whistleblower hotline services to corporate clients as “an untenable proposition”.
KPMG scandal goes global, whistleblower rebuffed at the top
Plus: SpaceX files Australian Prospectus; Musk kicks off record roadshow, Goldman pitches 100-fold AI revenue growth; Blackstone latest to cap withdrawals as private credit stress spreads.
In a scathing statement on Thursday, Meta echoed the White House and blasted the Albanese government’s News Bargaining Incentive as ‘discriminatory’.
