Australia’s competition watchdog will investigate whether banks are passing on interest rate rises to saving accounts in a fair manner.
Australia’s competition watchdog will investigate whether banks are passing on interest rate rises to saving accounts in a fair manner. Treasurer Jim Chalmers is asking financial institutions to reward savers with deposit accounts after a period of record low interest rates.
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Treasurer asks ACCC to investigate banks’ deposit ratesTreasurer Jim Chalmers asks ACCC to investigate banks’ deposit rates
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Severe damage to ‘critical infrastructure’ has affected heavy vehicle operatorsNational Heavy Vehicle Regulator spokesman Steven Miller says there’s been “a lot of damage to critical infrastructure” from the recent flooding in Western Australia. “Very, very challenging for our long-haul heavy freight operators, and we’ve been doing what we can by putting temporary emergency routes in place to assist them,” he told Sky News Australia. The National Heavy Vehicle Regulator has also given notice until the 28th of February for heavy vehicle operators to use different routes to reach flood-affected areas to deliver critical supplies. “The temporary notice allows us to operate larger than normal road trains out of Western Australia and through South Australia up into the Northern Territory and northern Western Australia where these critical goods are needed for these impacted communities,” Mr Miller said.
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Australia's inflation rate rises again, led by price jumps across food, travel and housingInflation rose again in November, making further interest rate rises more likely, with price hikes dominated by groceries, dining out, travel and housing.
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Australian Politics: Australia will consider carbon import tariffsChris Bowen says Labor will consider a new carbon border adjustment mechanism; Beijing has opened the door for bilateral talks to resolve trade disputes; Jim Chalmers has asked the ACCC to investigate deposit rates.
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Why Australia needs to deal with Indonesia as it isWith Indonesia drifting in the global tide of illiberal politics and the Australian media drawn to the bad-news stories stemming from this, the rhetorical scaffolding of the bilateral relationship needs refreshing.
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UOW announces flexible working arrangements for staff ahead of Australia DayThe University of Wollongong has announced flexible working arrangements for staff ahead of Australia Day this month. The change came about out of respect for First Nations people, which allows fixed-term and permanent employees to work on January 26 and choose a substitute holiday on either Friday January 27th or Monday January 30th. The change was agreed to by university staff unions and follows similar decisions which were made for employees at Channel 10 and Telstra.
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