The Reserve Bank of Australia holds its firm line with the ninth official cash rate increase in a row
The Reserve Bank of Australia (RBA) has met nine times since the official cash rate was 0.10% before the May 2022 increase, and nine times in a row they have lifted interest rates at each meeting. Culminating today with a rate increase from 3.10% to 3.35%. The only relief for borrowers was no rate rise […]
Australia Day 2023 Honours List
The Australia Day 2023 Honours List recognises and celebrates 1,047 recipients, including 736 in the General Division of the Order of Australia and awards for meritorious, distinguished and conspicuous service. “Congratulations to the outstanding Australians recognised in today’s Honours List. The recipients have had a significant impact at the local, national and international level and […]
NBN overall taking place as consultation recommences on future regulations
A consultation paper is now available to view the NBN Co’s proposed variation to its Special Access Undertaking and the paper also outlines how to make a submission regarding the plans NBN Co has in store for us all. The undertaking provides a framework for the economic regulation of the NBN until 2040, including rules for setting the […]
Deere & Company announces its 2023 Startup Collaborators
Deere & Company has released the names of eight companies chosen for its 2023 Startup Collaborator program. The Startup Collaborator was launched in 2019 and helps John Deere keep abreast of advancements in precision technology that could progress its agriculture and construction equipment. What better way is there than to be fed all the relevant information about […]
RBA interest rate increases paused over holiday season to break the run of eight consecutive rate hikes
The Reserve Bank of Australia (RBA) has given home loan borrowers a breather over the New Year’s break following its previous relentless pummelling of eight consecutive rate rises from May to December 2022. There was no interest rate increase in January 2023, but that was simply because the RBA board didn’t meet to discuss the […]
Water sale in Murray and Goulburn systems could run until June 2023
The Victorian Environmental Water Holder (VEWH) intends to sell up to 45,000 ML of environmental water allocation (temporary trade) from the Murray and Goulburn systems between January and June 2023. VEWH Co-CEO Beth Ashworth said the VEWH was expecting that all planned environmental watering for northern Victoria would be achieved in 2022-23 and into 2023-24. “To […]
Boxing Day Sales expected to rake in $3.6 billion as Aussies ignore Reserve Bank warnings
Nothing will get in the way of a good sale, not even warnings on the economy with interest rates expected to continue to rise. Consumer research released today reveals an extra half a million shoppers more than last year will be seeking a bargain in the Boxing Day sales this year. All up it is […]
BA-triples approved for use in South Australia for road train network
The National Heavy Vehicle Regulator (NHVR) and the South Australian Department of Infrastructure and Transport (DIT) have approved a new configuration – the BA-triple – for use on the road train network on state-controlled roads in South Australia. BA-triples are now an eligible combination under the National Class 2 Road Train Authorisation Notice 2022 (No.3) (in South […]
Base rate rises reach eight in a row as a further 25 basis points are added
Perhaps feelings some Christmas spirit, The Reserve Bank of Australia (RBA) has decided to only lift base rate interest by 0.25%, taking the base cash rate to 3.1%. The December meeting of the RBA cements this result as the bank’s eighth straight rate rise since it started lifting the cash rate from a record low […]
Soil grants celebrated on world soil day
Leader of The Nationals David Littleproud has thanked farmers and the agriculture industry on World Soil Day. The Shadow Agriculture Minister said the former Coalition Government had left a strong legacy when it comes to soil, introducing a National Soil Strategy. “Soil is so important and the reason behind our world’s best fruit, vegetables, dairy […]