REX Airlines Deputy Chairman John Sharp has rejected Qantas CEO Alan Joyce’s claim that the Australian domestic airline market cannot sustain three commercial players. Speaking with Brooke Corte, Mr Sharp claimed that REX had been more profitable than Qantas over the past 12 years and stresses the airline is in it for the long haul. […]

Labor’s assistant treasury spokesman Andrew Leigh says Premier Investments, the retail giant chaired by billionaire Solomon Lew, should repay more than $45 million it has received in JobKeeper payments after the company booked an 80% increase in first-half sales. In a trading update, Premier Investments revealed its first-half sales had soared by roughly 80%. Premier’s […]

State premiers are being accused of shutting out businesses as borders shut to NSW during what’s meant to be the busiest period of the year. Council of Small Business Organisations Australia CEO Peter Strong told Mark Levy state premiers need to consult businesses when making major decisions. “There’s certain governments that don’t understand business – […]

The Australian Fresh Produce Alliance is warning of tough times ahead as the industry’s worsening labour shortage could push up grocery prices. Growers are experiencing a bumper season but there’s nobody to harvest the produce. A shortage of backpackers as international borders remain closed is coupled with a reluctance from locals to move to rural […]

Unions say they have been blindsided by the government’s Industrial Relations reforms. The Coalition claims changes are designed to help businesses navigate the Covid-recovery. It would make some businesses exempt from rules which safeguard the pay and conditions of all workers. ACTU secretary Sally McManus has told Brooke Corte it leaves workers worse off. “There […]

Victoria and New South Wales have been stripped of their AAA credit rating by S&P Global Ratings as a result of pandemic induced business lockdowns and surging levels of government debt. It’s the first time since 2003 that either state has not been issued a AAA rating, with New South Wales sliding to AA+ while […]