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 […]
La Nina weather pattern blamed for spate of accidents from operators using excavators
SafeWork NSW says La Nina is contributing to a rise in excavator incidents and as a result SafeWork Inspectors have begun visiting excavation sites throughout the State to ensure safety and remind those excavating about ‘Before Your Dig Australia’ requirements. Head of SafeWork NSW Natasha Mann said SafeWork’s ‘Excavation and Earthmoving Plant Safety Program’ will continue […]
It’s a new phenomenon… cyclone and fire interaction… severe weather events that cause extreme havoc
As strong winds and torrential rains inundate Australia’s south-eastern coast, new research suggests that high intensity bushfires might not be too far behind, with their dual effects extending damage zones and encroaching on previously low-risk residential areas. Conducted by an international research team, including the University of South Australia, the research is the first to […]
National study suggests new vaccine is needed to prevent childhood pneumonia
Vaccine-resistant pneumonia has increased since a vaccine targeting 13 serotypes of the Streptococcus pneumoniae bacteria was introduced into the Australian routine childhood immunisation program. The current vaccine against bacterial pneumonia is not providing optimal protection to Australian children, a national study by medical researchers from UNSW Sydney and multiple leading research institutions has found. Using […]
One million company directors still to get their director ID ahead of 30 November deadline to avoid a $13,200 fine
Over 1.4 million directors have now applied for their director ID, with more applications flooding in every day. But with the total director population in Australia estimated to be more than 2.5 million, this means around one million directors still need to apply. As the 30 November deadline is now only days away, Australian Business […]
Commonwealth Bank responded quickly to the Reserve Bank of Australia’s cash rate increase
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.25% per annum (p.a.), CBA will lift its home loan variable interest rates by 0.25% p.a., effective 11 November. In addition, the bank will lift the interest rates across a number of its savings products. New savings rates Group Executive, […]
Reserve Bank gets in a 0.25% cash rate increase before the Melbourne Cup is run adding to runaway cost of living expenses
The Reserve Bank has continued its persistent interest rate increases with a lift of 0.25% prior to the Melbourne Cup being run in 2022 to take the base cash rate to 2.85%. This latest rise makes it seven months in a row the Reserve Bank has raised its cash rate target. This time matching […]