State treasurers baulk on GST, but open to tax reform

State treasurers baulk on GST, but open to tax reform

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Jul 2, 2020 – 6.22pmState treasurers have poured cold water on the idea of increasing the goods and services tax, but have left the door open on a possible overhaul of other state taxes including stamp duty.As NSW Treasurer Dominic Perrottet pushes for major tax reform to help the post-COVID-19 recovery, other state treasurers have…
Dow futures up more than 200 points after Nasdaq hits record to start third quarter – CNBC

Dow futures up more than 200 points after Nasdaq hits record to start third...

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Futures rose in Thursday early morning trade as investors looked ahead to two jobs reports on Thursday, the week's final day of trading.
Provisional liquidators set on Mayfair’s IPO Wealth firms

Provisional liquidators set on Mayfair’s IPO Wealth firms

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Jul 2, 2020 – 6.06pmProvisional liquidators have been appointed to companies tied to the $80 million IPO Wealth Fund, the maiden offering of the embattled Mayfair 101 investment outfit.Its founder, James Mawhinney, is likely to face questions in coming months about the IPO Wealth companies in a public examination, the Victorian Supreme Court heard on…
Fears Melbourne CBD offices won’t return this year

Fears Melbourne CBD offices won’t return this year

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"There's anticipation that we'll see some reasonable-sized tranches come to the market. Because everyone is still working from home, businesses are still yet to declare their hands."While the state battles to bring viral outbreaks in suburban hotspots under control, Premier Daniel Andrews has extended the ban on returning to office work through July. The course…
Trump to speak at Mount Rushmore fireworks display with 7,500 guests – Business Insider

Trump to speak at Mount Rushmore fireworks display with 7,500 guests – Business Insider

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Health experts warned of potential coronavirus spread, and a local wildfire expert said the fireworks could spark wildfires in the surrounding forest.
APRA raps CBA, Suncorp on the knuckles

APRA raps CBA, Suncorp on the knuckles

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'Moral obligation'APRA's investigation found concerns about the "adequacy of internal processes" for demonstrating how members' best interests were being met, but did not conclude the trustee had breached superannuation laws.The bank and its former wealth boss Linda Elkins, now a partner at professional services giant KPMG, are facing a class action lawsuit over losses allegedly…
Trad cleared in corruption probe

Trad cleared in corruption probe

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Ms Trad had held a meeting with the selected candidate for a new high school principal, but the position was re-advertised after the meeting and someone else was appointed.The CCC found a member of the selection panel and another person had thought it was appropriate to suggest a meeting with the then deputy premier as…
A predicted surge in US job growth for June might not last – The Associated Press

A predicted surge in US job growth for June might not last – The...

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WASHINGTON (AP) — U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent...
Fast-track HomeBuilder scheme, builder says

Fast-track HomeBuilder scheme, builder says

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"At the moment, there are no application forms or instructions on how to apply for it, just registration of interest."So what was designed to get people into the housing market quickly is slowing it down and causing further job losses because the houses have not gone into construction as a result of the red tape."The…
Victoria’s COVID infection spreads interstate

Victoria’s COVID infection spreads interstate

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Jul 2, 2020 – 4.45pmVictoria's COVID-19 outbreak spread to Sydney and Darwin on Thursday after new cases were confirmed in both cities from travellers returning from hotel quarantine in Melbourne.As pressure grew on the Andrews government over its bungled handling of overseas travellers, Victoria recorded 77 new cases, the highest case growth since the virus…