Two fierce airline rivals have joined forces against excessive fees charged by Australian monopoly-owned major airports.  Qantas CEO Alan Joyce and Virgin Boss Paul Scurrah have argued airport owners are charging excessive fees and making airline travel more expensive. The rival bosses told the Canberra Press Club the high charges are holding back Australia’s productivity. Mr […]

The competition watchdog believes Australian courts don’t understand the impact a concentrated market has on the economy amid its fight to stop mergers. ACCC Chairman Rod Sims has said Australian courts fail to understand how markets dominated by a handful of look-alike companies are harming the economy. He also announced his intention to launch an […]

Economists say the property market is starting to stabilise as the major cities experience a small fall in prices. The Australian Bureau of Statistics reported residential property prices fell 0.7 per cent nationally in the June quarter, which is a small fall compared to the last few quarters. Independent Property Economist Andrew Wilson tells John […]

The government will seek to overturn a landmark court decision which has changed the way personal leave is calculated. Industrial Relations Minister Christian Porter says the government will seek an appeal in the High Court because the ruling had caused confusion when calculating sick leave. The ruling against manufacturer Mondelez found the Fair Work Act’s […]

The head of the consumer regulator says smaller energy companies are now offering the cheapest prices following a crackdown on power companies. An Australian Competition & Consumer Commission (ACCC) report found nearly 800,000 customers have had their bills reduced since the introduction of new legislation. ACCC Chairman Rod Sims tells John Stanley smaller companies now […]

Drought-stricken farmers are being forced to sell off their livestock, bringing Australian agricultural exports to a record high of $50.7 billion. Rural Bank’s Australian Agricultural Trade report found beef experienced the largest increase in export value growth, up by $1.9 billion to a historic $12.3 billion. The number of live cattle exports increased by 29.1 […]